EQT stock slides as natural gas prices slump — EIA storage report is the next test
EQT shares dropped 4.2% to $51.20 Monday as U.S. natural gas futures slid 3.3% to $3.498/mmBtu on warmer mid-January forecasts. Bernstein raised EQT’s price target, but traders focused on falling gas prices. Antero and Range Resources also declined. The next market focus is the U.S. gas storage report due Jan. 8.