Natural Gas Names Including EQT Cut at Piper Sandler on Deteriorating Price Outlook
Thursday, 15 August 2024, 18:57
Market Reaction to Piper Sandler's Downgrade
Piper Sandler has downgraded major natural gas names, notably EQT Corp., Range Resources, CNX Resources, and Comstock Resources, attributing these cuts to weak natural gas prices that suggest a continually oversupplied market.
Natural Gas Price Forecasts
- Analysts are predicting further declines in natural gas prices.
- This presents challenges for the companies involved
- Multiple factors contribute to the oversupply situation, leading to adjustments in investment strategies.
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