EQT stock hits 52-week high at $57.11 amid energy surge

EQT Corporation (NYSE:EQT), a prominent player in the natural gas industry, has seen its stock reach a 52-week high, trading at $57.11. According to InvestingPro data, the company’s market capitalization now stands at $33.6 billion, with analysts setting price targets ranging from $36 to $74. This peak reflects a significant surge in the company’s stock value, aligning with broader trends in the energy sector. Over the past year, EQT (ST:EQTAB) has experienced a remarkable 38.02% increase in its stock price, supported by robust revenue growth of 39.4% and a healthy gross profit margin of 68.4%. The 52-week high milestone is a testament to EQT’s strategic initiatives and its ability to capitalize on the growing demand for natural gas. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 12 additional exclusive insights available to subscribers, including detailed valuation metrics and growth projections.

In other recent news, EQT Corporation reported first-quarter 2025 earnings that exceeded expectations, with adjusted earnings per share of $1.18 compared to the anticipated $0.98. The company also reported revenue of $2.24 billion, surpassing the expected $2.19 billion. EQT generated over $1 billion in free cash flow during the quarter, attributing this to strong well performance and lower-than-expected capital spending. Furthermore, EQT raised its 2025 production guidance and announced a reduction in expected capital expenditures.

In a strategic move, EQT has agreed to acquire assets from Olympus Energy for $1.8 billion, which includes 90,000 net acres in Southwest Pennsylvania. This acquisition is expected to enhance EQT’s operational footprint. Additionally, UBS upgraded EQT’s stock rating to "Buy" and increased the price target to $64, citing improved operational performance and a positive outlook for natural gas. Bernstein also raised its price target for EQT to $74, maintaining an "Outperform" rating, following the company’s strong first-quarter performance. These developments underscore EQT’s strengthened position in the natural gas market.

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