With a market cap of $31.8 billion, EQT Corporation (EQT) is a leading American natural gas company with integrated upstream and midstream operations focused on the Appalachian Basin. The company is committed to operational efficiency, technology, sustainability, and the responsible development of its high-quality natural gas resources.
Companies valued at $10 billion or more are generally considered “large-cap” stocks, and EQT Corporation fits this criterion perfectly. With a strong focus on safety, environmental stewardship, and stakeholder relationships, EQT’s values of trust, teamwork, heart, and evolution guide the way it operates.
Shares of the Pittsburgh, Pennsylvania-based company have fallen 25.5% from its 52-week high of $68.24. The stock has decreased nearly 2% over the past three months, lagging behind the State Street Energy Select Sector SPDR ETF’s (XLE) 14.3% gain over the same time frame.
EQT stock is down 5.2% on a YTD basis, underperforming XLE's 38.2% increase. Moreover, shares of the company have risen 1.7% over the past 52 weeks, compared to XLE’s 40.9% surge over the same time frame.
Despite a few fluctuations, EQT stock has fallen below its 200-day moving average since May.
EQT Corporation has underperformed due to weaker natural gas prices, which reduced its realized prices, revenues, and earnings despite higher production volumes. Investor sentiment has also been pressured by persistent gas-market oversupply, high storage levels, and limited LNG export capacity, keeping U.S. gas prices subdued.
In comparison, rival Expand Energy Corporation (EXE) has lagged behind EQT stock. EXE stock has dipped 21.1% on a YTD basis and 11.4% over the past 52 weeks.
Despite the stock’s weak performance relative to the sector, analysts remain bullish on EQT. It has a consensus rating of “Strong Buy” from the 25 analysts in coverage, and the mean price target of $67.21 is a premium of 32.3% to current levels.
