EQT is a natural gas production company based in Pittsburgh, Pennsylvania, with 27.6 trillion cubic feet of proved reserves and operations in Pennsylvania, West Virginia, and Ohio. The company focuses on combo-development projects and contracts with several midstream partners for processing.
EQT has been in the news recently: UBS has upgraded EQT to a "buy" rating and increased its price target to $64, indicating a potential 23.4% upside due to high demand for natural gas and a significant $1.8 billion acquisition. In contrast, Berkshire Hathaway shares fell over 4% following Warren Buffett's announcement of his plans to step down as CEO.
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