UBS says this energy stock that's outperforming this year is primed for even more gains ahead
A couple of catalysts could send shares of EQT even higher over the next year, according to UBS. Analyst Josh Silverstein upgraded shares of the American natural gas company to buy from neutral and hiked his price target by $10 to $64, implying 23.4% upside from Friday's close. That upgrade comes as the stock is already up 12% in 2025, beating out the S & P 500's more than 3% decline in that time. Shares have also soared more than 38% in the past six months. EQT 6M mountain EQT, 6-month "We remain constructive on the natural gas outlook in 2026, underpinned by the three large scale [liquefied natural gas] facilities startups in the Gulf, and the growing demand for power generation from the nation wide [artificial intelligence] data center buildout," the analyst wrote in a Monday note to clients. "We see EQT as well positioned to capture the potential upside given its unhedged exposure in 2026." AI data center demand could even bolster the company this year, as Silverstein noted the potential for a power supply contract – particularly in the Appalachian Basin – to take place given that the company is currently involved in more than 10 commercial negotiations. The company announced last month that it's buying oil and gas company Olympus Energy for $1.8 billion, in a deal expected to close in the third quarter. That could serve as another catalyst for growth in the coming months, Silverstein said. Silverstein's upgrade puts him with 16 others who have a buy or strong buy rating on the stock, according to LSEG. Eight others have taken a neutral view, having a hold rating.
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