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EQT (EQT) Valuation Check After Recent Share Price Moves And Long Term Return Strength

Simply Wall St · 2d ago

EQT (EQT) has attracted fresh attention after recent share price moves, with a 1 day return of 2% and a past week gain of 1.7%, prompting investors to reassess the natural gas producer.

See our latest analysis for EQT.

That short term lift sits against a 30 day share price return of 7.1% decline and a year to date share price return of 1.9%, while the 1 year total shareholder return of 12.5% and 5 year total shareholder return above 200% suggest momentum has generally been building over time as the market reassesses EQT’s growth prospects and risks in natural gas.

If EQT’s move has you thinking more broadly about energy and related themes, it could be a good moment to scan fast growing stocks with high insider ownership for other compelling ideas.

With EQT shares sitting around $54.49, a value score of 3, a 44% intrinsic discount estimate and analyst targets about 19% higher, you have to ask: is there real upside here, or is future growth already in the price?

Most Popular Narrative: 14.9% Undervalued

With EQT last closing at $54.49 against a most followed narrative fair value of about $64, the story here leans toward upside that hinges on future cash flows and contract visibility.

Execution on a $1 billion pipeline of organic, low-risk, fee-based midstream and infrastructure projects with minimum volume commitments and index-plus pricing creates stable, annuity-like cash flows, lowering business volatility and raising the durability of free cash flow and earnings.

Read the complete narrative.

Curious what sits behind that projected value gap? Revenue growth, margin expansion and a future earnings multiple all have to line up. The narrative stitches those moving pieces together into a single fair value number.

Result: Fair Value of $64 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, this depends on robust long-term gas demand and projects running smoothly, while faster decarbonization or tougher regulation could pressure volumes, pricing and costs.

Find out about the key risks to this EQT narrative.

Another Angle On EQT's Valuation

While the narrative fair value of about $64 points to upside, EQT's current P/E of 19.1x tells a different story. It sits above both peers at 14.8x and the wider US Oil and Gas group at 13.1x, even though our fair ratio sits higher at 21.3x. That mix can point to either a cushion or extra valuation risk, depending on how you see earnings playing out over time, so which side of that line are you on?

See what the numbers say about this price — find out in our valuation breakdown.

NYSE:EQT P/E Ratio as at Jan 2026
NYSE:EQT P/E Ratio as at Jan 2026

Build Your Own EQT Narrative

If your view of EQT’s story is different, or you simply prefer to test the numbers yourself, you can build a custom thesis in minutes: Do it your way.

A great starting point for your EQT research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.

Looking for more investment ideas?

If EQT has sharpened your interest in energy and valuation, do not stop here. Widen your search and let data driven screens point you toward fresh opportunities.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.