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Shares of U.S. natural gas companies dip in thin pre-holiday trading, tracking fall in natgas futures (NGA) U.S. natgas futures (NGc1) down 6.3 cents at $4.35 per million British thermal unitNatgas companies: CNX Resourcesdown 1%; Expand Energyand EQT Corpboth down 1.4%Natgas ETFs: United States Natural Gas Fund (UNG.P) down 4.1% and ProShares Ultra Bloomberg Natural Gas (BOIL.P) down 4%
Shares of U.S. natural gas companies rise, tracking rise in natgas futures (NGA) U.S. natgas futures (NGc1) up 4% at $4.105 per million British thermal unit Natgas prices rise boosted by record gas flows to liquefied natural gas export plants and forecasts for more demand than previously expected over the next two weeksShares of natgas companies CNX Resourcesgain 1%, Expand Energyup 1.5% and EQT Corpclimb 1.3%ETFs United States Natural Gas Fund (UNG.P) adds 3.3% and ProShares Ultra Bloomberg Natural Gas (BOIL.P) advances ~6%
Gabriele Sorbara from Siebert Williams Shank & Co reiterated a Hold rating on EQT with a price target of $62.00. EQT's shares closed at $53.87. Sorbara, who covers the Energy sector, has an average return of 16.5% and a 55.21% success rate. EQT has a Moderate Buy consensus with a price target of $65.12, indicating a 20.88% upside. Roth MKM also maintained a Hold rating with a $56.00 price target.
EQT's share price has risen significantly, with a 6.1% increase over the last week and 19.9% over the last year. Despite strategic updates and deal activity boosting sentiment, EQT scores 0/6 on valuation checks, indicating potential overvaluation. The Excess Returns model suggests EQT is fairly valued, while the PE ratio indicates overvaluation. Investors should consider EQT's growth prospects and risk profile when evaluating its stock.
Shares of U.S. natural gas companies dip, tracking fall in natgas futures (NGA) U.S. natgas futures (NGc1) down 1.9% at $3.901 per million British thermal unit Natgas prices fall, pressured by higher production and forecasts for warmer weather that could curb heating demand.Shares of natgas companies: CNX Resourcesdown 1.4%, Expand Energyand EQT Corpboth down marginallyETFs rise: United States Natural Gas Fund (UNG.P) down 5.2% and ProShares Ultra Bloomberg Natural Gas (BOIL.P) up 10.8%
