Investing.com - Roth/MKM initiated coverage on EQT Corp. (NYSE: EQT ) with a Buy rating and set a price target of $69.00, according to a research note published Tuesday. The company, currently showing strong fundamentals with a 32% gross profit margin and robust revenue growth of 14% year-over-year, appears undervalued according to InvestingPro analysis.

The research firm cited expectations that natural gas prices will remain "well bid" as a key factor in its bullish outlook for the company, which stands as one of the largest natural gas producers in the United States. With a market capitalization of $15.7 billion and an impressive operating cash flow of $3.2 billion, EQT (ST: EQTAB ) demonstrates significant market presence. Unlock more insights and 12 additional ProTips about EQT’s market position with InvestingPro .

Roth/MKM highlighted EQT’s competitive advantages, including its "long and competitive inventory" and "low cost structure" that position the company favorably in the current market environment.

The firm also pointed to EQT’s "material midstream business" as an additional strength that contributes to its positive assessment of the company’s prospects.

EQT’s "solid track record of recent execution" was another factor mentioned in Roth/MKM’s investment thesis supporting its Buy rating and $69 price target.

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