EQT shares are trading higher following multiple price target raises by analysts. The company announced the FTC has resolved its review of EQT's agreement to acquire Tug Hill's upstream assets and XcL Midstream's gathering and processing assets.
Portfolio Pulse from Benzinga Newsdesk
EQT's shares are trading higher after several analysts raised their price targets for the company. This follows the Federal Trade Commission's (FTC) completion of its review of EQT's agreement to acquire Tug Hill's upstream assets and XcL Midstream's gathering and processing assets.
August 17, 2023 | 6:31 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
EQT's stock price is likely to increase in the short term due to positive analyst ratings and the FTC's approval of its asset acquisition deals.
The increase in EQT's stock price can be attributed to two main factors. First, several analysts have raised their price targets for the company, indicating a positive outlook. Second, the FTC has completed its review of EQT's agreement to acquire assets from Tug Hill and XcL Midstream, removing a potential obstacle for the company's growth. Both of these factors are likely to boost investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100