Pittsburgh, Pennsylvania-based EQT Corporation (EQT) engages in the production, gathering, and transmission of natural gas. With a market cap of $36.2 billion, the company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers located in the Appalachian Basin.

Companies worth $10 billion or more are generally described as “large-cap stocks,” and EQT fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the oil and gas E&P industry. EQT benefits from being the largest natural gas producer in the domestic market, with its operations in the basin spanning millions of acres and comprising proved oil and gas reserves.

EQT touched its 52-week high of $61.02 in the last trading session. EQT has rallied 12.3% over the past three months, outperforming the Energy Select Sector SPDR Fund’s (XLE) 7% decline over the same time frame.

EQT stock has soared 28.8% on a YTD basis and 60.6% over the past 52 weeks, notably outperforming XLE’s marginal uptick in 2025 and 4.1% decline over the past year.

To confirm its bullish trend, EQT has been trading above its 200-day moving average since November and also above its 50-day moving average since early May.

On Apr. 22, EQT shares closed up more than 1% following the release of its Q1 results. The company’s revenue increased 23.2% year over year to $1.7 billion. Additionally, its adjusted EPS grew 43.9% from the previous year’s quarter to $1.18 and surpassed the consensus estimates by 15.7%.

Its rival, EOG Resources, Inc. (EOG), has declined marginally in 2025 and over the past year, underperforming the stock.

Among the 21 analysts covering the EQT stock, the consensus rating is a “Strong Buy.” Its mean price target of $60.24 suggests a 1.5% upside potential from current price levels.