EQTEC PLC 54.6% potential upside indicated by Canaccord Genuity

EQTEC PLC with ticker (LON:EQT) now has a potential upside of 54.6% according to Canaccord Genuity.



Canaccord Genuity set a target price of 3 GBX for the company, which when compared to the EQTEC PLC share price of 1 GBX at opening today (14/12/2021) indicates a potential upside of 54.6%. Trading has ranged between 1 (52 week low) and 3 (52 week high) with an average of 27,938,863 shares exchanging hands daily. The market capitalisation at the time of writing is £104,045,604.

EQT Corporation is a natural gas production company with operations focused on the Marcellus and Utica Shales of the Appalachian Basin. The Company has approximately 19.8 trillion cubic feet equivalents (Tcfe) of proved natural gas, natural gas liquids (NGLs) and crude oil reserves across approximately 1.8 million gross acres, including approximately 1.5 million gross acres in the Marcellus play. The Company is focused on the execution of combo-development projects, which refers to the development of several multi-well pads in tandem. Its assets and operations are located in the Appalachian Basin. The Company primarily sell NGLs recovered from its natural gas production. It primarily contracts with MarkWest Energy Partners, L.P. (MarkWest) to process its natural gas and extract from the produced natural gas heavier hydrocarbon streams (consisting of ethane, propane, isobutane, normal butane and natural gasoline).