EQT natural gas stock slips as Henry Hub futures hit late-October low; storage report ahead
EQT Corp shares fell 0.9% to $53.01 Monday as U.S. natural gas futures dropped to $3.52 per mmBtu, the lowest since late October, on warmer weather forecasts. Other gas producers, including Antero and Range Resources, also traded lower. Traders await the Jan. 8 government storage report, with inventories last at 3,375 Bcf. Bernstein raised its EQT price target to $73, citing near-term volatility.