Opinions Eric Nuttall
EQT CorporationEQTTOP PICKJan 21, 2026
Eric NuttallStock price when the opinion was issued
As of Jun 05, 2026. Market Open.
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Has momentum and is outperforming the natural gas sector. They generate strong free cash flow. They bought good midstream companies. Are located perfectly--in the Appalachians where there is major data centre demand.
Joe Terranova
Nat gas is an opportunity. We're working off existing inventories and excess supply. Also, nat gas feeds the insatiable demand for energy that's used by data centres.
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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)
Second-largest producer of natural gas in the US. Owns all of its infrastructure. Member of the S&P 500, so much easier for the general US investor to own it. He sees it with an 8x multiple, which means $75 target price at $4 gas. Aggressively buying back shares until the day comes when it can add takeaway capacity from Marcellus and grow volumes. Yield is 1.21%.
(Analysts’ price target is $63.84)