Advertisement
Canada markets open in 56 minutes
  • S&P/TSX

    22,107.08
    +194.56 (+0.89%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • DOW

    39,760.08
    +477.75 (+1.22%)
     
  • CAD/USD

    0.7364
    -0.0008 (-0.11%)
     
  • CRUDE OIL

    82.63
    +1.28 (+1.57%)
     
  • Bitcoin CAD

    95,651.12
    +209.84 (+0.22%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,232.40
    +19.70 (+0.89%)
     
  • RUSSELL 2000

    2,114.35
    +44.19 (+2.13%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • NASDAQ futures

    18,500.25
    -3.50 (-0.02%)
     
  • VOLATILITY

    13.01
    +0.23 (+1.80%)
     
  • FTSE

    7,952.37
    +20.39 (+0.26%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6822
    +0.0017 (+0.25%)
     

Is EQT Stock a Solid Choice Right Now?

One stock that might be an intriguing choice for investors right now is EQT Corporation EQT. This is because this security in the Oil and Gas - Exploration and Production - United States space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Oil and Gas - Exploration and Production - United States space as it currently has a Zacks Industry Rank of 30 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, EQT is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

EQT Corporation Price and Consensus

EQT Corporation Price and Consensus
EQT Corporation Price and Consensus

EQT Corporation price-consensus-chart | EQT Corporation Quote

ADVERTISEMENT

In fact, over the past month, current quarter estimates have narrowed from a loss of 27 cents per share to a loss of 25 cents per share, while current year estimates have narrowed from a loss of 58 cents per share to a loss of 47 cents per share. This has helped EQT to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position. You can see " target="_blank" title="This external link will open in a new window">the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider EQT. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Zacks’ Single Best Pick to Double

From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.

This young company’s gigantic growth was hidden by low-volume trading, then cut short by the coronavirus. But its digital products stand out in a region where the internet economy has tripled since 2015 and looks to triple again by 2025.

Its stock price is already starting to resume its upward arc. The sky’s the limit! And the earlier you get in, the greater your potential gain.

Click Here, See It Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
EQT Corporation (EQT) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research