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EQT Corporation (NYSE:EQT)'s stock has reached an all-time high, hitting 60.85 USD. This milestone underscores a significant upward trajectory for the company, with InvestingPro data showing an impressive 65.99% return over the past year. Technical indicators suggest the stock is in overbought territory, with a notably high P/E ratio of 89.93. The energy company's stock has shown remarkable resilience and growth, reflecting investor confidence and strong performance within the sector. With a market capitalization of $36.2 billion and revenue growth of 39.41%, this all-time high indicates a robust market position for EQT (ST:EQTAB), aligning with broader trends in the energy market. InvestingPro analysis suggests the stock is currently trading above its Fair Value, with 12 additional exclusive insights available to subscribers.
In other recent news, EQT Corporation reported strong first-quarter earnings that exceeded expectations, with gas volumes and unit pricing surpassing consensus estimates. The company achieved a 17% beat on EBITDA and a 34% beat on free cash flow. In a strategic move, EQT has agreed to acquire oil and gas properties from Olympus Energy LLC, Hyperion Midstream LLC, and Bow & Arrow Land Company LLC, involving the issuance of over 26 million shares as part of the consideration. The acquisition is expected to close in the third quarter of 2025, pending regulatory approval.
UBS upgraded EQT's stock rating from Neutral to Buy, raising 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 due to the company's robust financial performance and strategic positioning. Meanwhile, EQT has agreed to sell Acumatica to Vista Equity Partners, marking a new phase for the cloud-based ERP platform after significant growth under EQT's ownership.
Bernstein analysts highlighted EQT as a top investment idea, emphasizing its strong position in the U.S. natural gas market and potential for steady free cash flow generation. These developments reflect EQT's ongoing strategic efforts to enhance its market position and financial performance in the energy sector.
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