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Opinions The Panic-Proof Portfolio (Stockchase Research)
EQT CorporationEQTTOP PICKMay 18, 2023
$36.84
Stock price when the opinion was issued
$50.80
As of Jun 18, 2026. Market Open.
oilgas
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Premium contentPAST TOP PICK
(A Top Pick May 18/23, Up 8.5%)Stockchase Research Editor: Michael O'Reilly
Our PAST TOP PICK with EQT has triggered its stop at $40. To remain disciplined, we recommend covering the position at this time. When combined with the previous recommendations, this will result in a net investment gain of 14%.
oilgas
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BUY
Energy has been the worst sector YTD and QTD, but he remains long energy. The fundamentals are in place. Natural gas is up 16% this quarter, though -70% from last year's high, but we seeing a bottoming in, which is why he bought EQT in the low-$30s and is approaching $40 now. Nat gas may be a better trade than crude oil.
Joe TerranovaOwned
oilgas
SELL
He'll return to it next year. It's extraordinarily cheap. There's been too much momentum due to everyone calling for a gas shortage in Europe. BTW, they over-stored in Europe, so that shortage may or may not be there. He sold this to buy Chevron which will go down, but will rise back when China eventually re-opens and so will energy prices.
This US Pennsylvania based natural gas producer recently reported revenue beat analyst expectations by 50% and its revenue is expected to grow another 28% annually for the next three years. It trades at 3x earnings, marginally over book value, and supports a 44% ROE. Cash reserves are growing, while debt is being retired. We recommend a stop-loss at $29.00, looking to achieve $44.50 -- upside potential of 23%. Yield 1.6%
(Analysts’ price target is $44.32)