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This #1 (Strong Buy) Oils and Energy Stock is a Smart Buy Right Now

·2 min read

It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck.

Should You Buy #1 (Strong Buy)-Ranked EQT Corporation (EQT) for Your Portfolio?

EQT Corporation was upgraded to the Zacks Rank #1 list on September 3, 2022. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

Based in Pittsburgh, PA, EQT Corporation is primarily an explorer and producer of natural gas, with primary focus on the Appalachian Basin in Ohio, Pennsylvania and West Virginia. The basin has been a major contributor to natural gas production growth in the United States. Notably, in terms of average daily sales volumes, EQT Corp is the largest natural gas producer in the domestic market.

10 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0.85 to $3.90 per share. EQT boasts an average earnings surprise of 75.2%.

Earnings are expected to grow 323.9% for the current fiscal year, while revenue is projected to increase 37.5%.

Even more impressive, EQT has gained in value over the past four weeks, up 11.8% compared to the S&P 500's loss of 3.9%.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, EQT Corporation could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.


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