Jefferies Boosts EQT Target Price After Olympus Energy Acquisition
Jefferies has revised its outlook on EQT Corporation, lifting the energy giant’s price target from $60 to $70 following its recent acquisition of Olympus Energy’s assets.
The financial firm maintained its Buy rating, signalling strong confidence in EQT’s trajectory after the strategic purchase.
“This decision reflects the positive impact of the acquisition of Olympus Energy’s upstream and midstream assets on EQT Corporation’s (NYSE: EQT) business outlook. The firm updates its estimates for the company to include the acquisition.”
The American natural gas heavyweight also released updated 2025 guidance to incorporate the new assets. EQT now expects an increase of 100 billion cubic feet equivalent (Bcfe) in its annual production, an assertive move that analysts say signals growth and confidence.
“This isn’t just about scale,” commented one UK-based energy market analyst. “It’s about positioning EQT as a long-term leader in domestic energy, particularly in the Appalachian Basin.”
EQT Corporation (NYSE: EQT), a vertically integrated gas company operating across the Appalachian region, is continuing to bet big on future natural gas demand.
The Olympus deal not only expands its production capabilities but also enhances its midstream operations, bolstering its infrastructure from source to delivery.
Investors have taken note. EQT is already ranked among the 12 Best American Energy Stocks to Buy Right Now, and with this recent boost from Jefferies, it’s becoming harder for traders to ignore its upward momentum.
While natural gas remains a stable choice for many portfolios, some financial experts suggest that AI stocks may offer faster gains and reduced volatility.
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Nonetheless, EQT’s solid fundamentals, strategic acquisitions, and increasing analyst confidence make it a noteworthy contender in the energy sector, especially for UK investors keeping an eye across the Atlantic.
