#4 - EQT Corporation (NYSE:EQT)
EQT Corporation (NYSE: EQT) is a natural gas exploration company with a mission to become the leading producer of clean-burning natural gas in the United States. Until the recent merger between Southwestern Energy and Chesapeake Energy, EQT was the largest natural gas producer in the United States, with over 670,000 acres of natural gas reserves.
However, the company still has nearly 4,000 drilling locations and among the lowest breakeven costs in the industry. This is the price at which it is profitable for a company to drill. Right now, EQT’s breakeven cost is around $2, and natural gas trading is at $2.68.
That assures investors that EQT is profitable. In fact, analysts project earnings growth of 150% in the next 12 months. Since September, several analysts have raised their price targets for EQT stock which is up 13.8% in that time. Analysts believe there’s still about 15% upside for the stock.
About EQT
EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.
Read More - Current Price
- $36.62
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $42.18 (15.2% Upside)
