Summer Sale
50% off Premium Yearly
Opinions Joe Terranova
EQT CorporationEQTBUYJun 07, 2023
Joe TerranovaStock price when the opinion was issued
As of Jun 18, 2026. Market Open.
You might be interested:
;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium contentOur 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%.
Premium contentPremium contentPremium contentEnergy 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 TerranovaPremium contentThis 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)
One of the world's largest natural gas producers. Current nat gas prices are weak, but long term they are rising. Any price spike this summer will benefit EQT.