EQT Ranks 437th in $250M Volume as Bank of America Upgrades Target to $80 Amid Strategic Data Center Gas Supply Edge

On August 22, 2025, EQT Corporation (EQT) closed with a 0.15% decline, trading at $52.05 with $250 million in daily volume, ranking 437th in market activity. The stock has gained 12.8% year-to-date despite recent volatility. Bank of America (BofA) raised its price target to $80 from $63, maintaining a "Buy" rating. The upgrade highlights EQT’s strategic advantage in meeting data center gas supply demands, with analysts projecting 1.5 billion cubic feet per day of dry gas growth from 2027 to 2032. This expansion is expected to generate $1.0 billion in cash flow and $750 million in free cash flow post-production ramp, adding approximately $10 per share in value. BofA also factored in $3 per share from midstream growth and reduced its discount rate to 8.0% amid progress toward $5.5 billion in net debt by mid-2026.

The brokerage cited EQT’s ability to secure premium gas supply agreements for large data centers, a structural edge that differentiates it from peers. This position aligns with analysts’ views that in-basin data center demand offers idiosyncratic growth rather than broad market benefits. EQT’s second-quarter 2025 earnings exceeded expectations, reporting $0.45 per share and $2.56 billion in revenue. Despite the price target increase representing 53.7% upside, the stock remains below its 52-week high, with 20 of 25 brokerages recommending "Buy" or higher and a median target of $65.

A backtested strategy of holding the top 500 volume stocks for one day yielded a total profit of $2,253.88 from December 2022 to August 2025. The approach recorded a maximum drawdown of -$1,025.14 and a Sharpe ratio of 1.79, indicating strong risk-adjusted returns over the period.