Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
I am bullish on EQT Corporation with its robust natural gas production and pricing flexiblity. Natural gas growth prospects, combined with a well-positioned Balance Sheet, can support its upside. The stock stays reasonably valued, with a decent cash position to sustain its buybacks and dividends.
Natural gas giant EQT (EQT) is trading 0.3% higher at $55.87, struggling to recover from a recent pullback from its June 23 record peak of $61.02. The shares are enjoying a floor of support from the formerly resistant $55 level, with a historically bullish trendline just below.
Here is how EQT Corporation (EQT) and RGC Resources Inc. (RGCO) have performed compared to their sector so far this year.
EQT is a Buy due to rapid deleveraging, improved cash flows, and a recent midstream acquisition strengthening its balance sheet and operational flexibility. As the lowest-cost Appalachian gas producer, EQT generates robust free cash flow even in weak markets, supporting investment, debt reduction, and shareholder returns. Surging natural gas demand (LNG exports, power generation) and potential valuation re-rating offer significant upside, with shares trading at an undemanding ~18× forward earnings.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
EQT stock jumps 24.6% in six months, fueled by strong free cash flow, cheap valuation, and bullish 2025 growth projections.
EQT locks in 10-year gas deals with Duke and Southern, shifting 20% of output to higher-priced Southeast markets.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
EQT (EQT) reported earnings 30 days ago. What's next for the stock?
Oil prices prices have been volatile today amid a slew of updates, moving higher after reports that Israel is preparing to strike Iran, and back lower following bearish crude data out of the U.S. West Texas Intermediate (WTI) crude was last seen down 0.7% at $61.62, adding to its 14.3% year-to-date deficit amid geopolitical tensions and potential trade disruptions.