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Eqt Corp(EQT-N)
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Chart of the Day: EQT Pushing New Highs

Barchart - Mon Apr 11, 4:59PM CDT

The Chart of the Day belongs to the oil & gas company EQT Corp (EQT).   I found the stock by using Barchart's powerful screening function to find the stock with the highest Weighted Alpha and technical buy signals that are closest to their 52 week highs, then used the Flipchart function to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 2/16 the stock gained 67.25%. The stock is within .28% of its 52 week high. 

EQT

EQT Price vs Daily Moving Averages ( )

EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLS), including ethane, propane, isobutane, butane, and natural gasoline. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play. The company was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania. 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

  • 100% technical buy signals
  • 140.56+ Weighted Alpha
  • 127.87% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50, 100 and 200 day moving averages
  • 15 new highs and up 45.07% in the last month
  • Relative Strength Index 81.36%
  • Technical support level at 38.03
  • Recently traded at 39.17 with a 50 day moving average of 27.09

Fundamental Factors:

  • Market Cap 14.45 billion
  • P/E 40.38
  • Dividend yield 1.38%
  • Revenue expected to grow 19.70% this year and another 11.60% next year
  • Earnings estimated to increase 147.80% this year, an additional 75.40% next year and continue to compound at an annual rate of 49.53% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analysts issued 9 strong buy, 8 buy and 5 hold opinions on the stock
  • Consensus price target is 36.00 with some analysts have a price target as high as 64.00
  • The individual investors following the stock on Motley Fool voted 146 to 16 for the stock to beat the market with the more experienced investors voting 23 to 4 for the same result
  • 17,090 investors are monitoring the stock on Seeking Alpha

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in EQT, over the next 72 hours.

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

Provided Content: Content provided by Barchart. The Globe and Mail was not involved, and material was not reviewed prior to publication.