Bernstein SocGen Group Reaffirms its Outperform Rating on EQT Corporation (EQT) with a $72 Price Target

Core Insights - EQT Corporation is recognized for its strong profitability outlook and is included in the list of 14 stocks expected to double in the next five years [1] - Bernstein SocGen Group has reaffirmed its Outperform rating on EQT with a price target of $72, highlighting the company's advantageous position amid rising Appalachian gas prices [2] - The recent sale of GlobalConnect, valued at approximately €8 billion, along with EQT's substantial natural gas inventory and production capacity, enhances its growth potential [3] Company Overview - EQT Corporation operates in the Appalachian Basin, producing, gathering, and transmitting natural gas and liquids, while also providing marketing, pipeline capacity management, and risk-hedging services [4] - The company has a market valuation of $30.53 billion and is projected to experience a 68% revenue increase this year, benefiting from favorable pricing conditions and selective asset monetization [3]