Pittsburgh, Pennsylvania-based EQT Corporation (EQT) is the largest natural gas producer in the U.S., specializing in exploration and production within the Appalachian Basin, including the Marcellus and Utica Shales.
Companies worth $10 billion or more are generally described as "large-cap stocks," EQT fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the energy sector. The company leverages advanced drilling technologies to enhance efficiency while focusing on sustainability and emissions reduction. EQT continues to expand through acquisitions and investments in LNG export opportunities, positioning itself to benefit from growing global demand.
The stock touched its 52-week high of $56.66 on Feb. 19 and is currently trading 18.5% below that peak. EQT stock has soared 6.5% over the past three months, significantly outpacing the Energy Select Sector SPDR Fund’s (XLE) 5.6% gain over
EQT gained 42.7% over the past six months, outpacing XLE’s marginal fall during the same time frame. The stock’s 22.8% gains over the past 52 weeks surpass XLE’s 1.3% surge over the past year.
While EQT has consistently traded above its 200-day moving average since early November, it has traded below its 50-day moving average since the end of February.
EQT's stock rose nearly marginally on Feb. 18 after announcing its Q4 earnings report a day before. EQT beat earnings expectations with $0.69 per share instead of the projected $0.50. Its sales volume reached 605 Bcfe, exceeding guidance. Capital expenditures were $583 million, coming in 7% below the low end of expectations due to efficiency gains. Free cash flow for the quarter was $588 million.
Higher sales volume and selling prices drove a 20% boost in natural gas sales, and it raised its 2025 production guidance by 125 Bcfe and projects $2.6 billion in free cash flow this year, reinforcing investor confidence.
EQT has substantially outperformed its peer EOG Resources, Inc.’s (EOG) 1.5% rise over the past six months and 4.9% gains over the past year.
Among the 23 analysts covering the stock, the consensus rating is a “Moderate Buy.” Its mean price target of $54.56 represents an 18.2% premium to current price levels.
