Are Wall Street Analysts Bullish on EQT Stock?

Core Insights - EQT Corporation, based in Pittsburgh, focuses on exploring and producing natural gas, primarily in the Appalachian Basin, with a market cap of $33.4 billion [1] Performance Overview - EQT has significantly outperformed the broader market, with stock prices increasing by 16.2% in 2025 and 38.9% over the past 52 weeks, slightly lagging behind the S&P 500 Index's 16.3% gains in 2025 but outperforming its 17.7% returns over the past year [2] - The company has also outperformed the Energy Select Sector SPDR Fund (XLE), which saw gains of 2.9% in 2025 and a marginal 10 basis points increase over the past 52 weeks [3] Financial Results - Following the release of Q3 results on October 21, EQT's stock prices dropped nearly 4%, despite better-than-expected results. Sales volumes increased by 9.1% year-over-year to 634.4 Bcfe, and average sales prices surged by 39.7% year-over-year to $2.64 per Mcfe [4] - The company's topline revenue soared by 52.3% year-over-year to $1.96 billion, significantly beating consensus estimates. Adjusted EPS skyrocketed by 225% year-over-year to $0.52, surpassing expectations by 10.6% [4] Future Expectations - For the full fiscal year 2025, analysts expect EQT to deliver an adjusted EPS of $2.84, representing a 76.4% year-over-year increase. The company has a strong earnings surprise history, surpassing bottom-line estimates in each of the past four quarters [5] - Among 26 analysts covering EQT stock, the consensus rating is a "Strong Buy," with 19 "Strong Buys," one "Moderate Buy," and six "Holds" [5] Analyst Ratings - On October 23, Wells Fargo analyst Sam Margolin reiterated an "Overweight" rating on EQT but reduced the price target from $68 to $66 [7]