3 Natural Gas Stocks To Buy In February: Cabot Oil & Gas, EQT, And Range Resources

COG’s daily equivalent production increased 7.9% sequentially to 2,406 million cubic feet equivalent per day of 100% natural gas in the third quarter ended September 30, 2020. Despite a historically low natural gas price environment, the company has demonstrated its ability to deliver profits. Its adjusted EPS has increased 80% from the prior quarter to $0.09, while its free cash flow has improved 99.5% over the same period.

Analysts expect its revenue to grow 42.8% year-over-year to $551.86 million in the current quarter (ending March 31, 2021). A consensus EPS estimate of $0.43 for the current quarter represents a 207.1% improvement year-over-year. The company has an impressive earnings surprise history;  it beat the Street’s EPS estimates in three of the trailing four quarters. The stock has gained 25.6% over the past year.

How does COG stack up for the POWR Ratings?

A for Trade Grade

B for Peer Grade

B for Overall POWR Rating.

The stock is currently ranked #15 of 111 stocks in the Energy – Oil & Gas Industry.

EQT Corporation (EQT - Get Rating

Based in the Marcellus and Utica shales of the Appalachian Basin, EQT operates as a natural gas production company producing natural gas, natural gas liquids (NGLs), and crude oil.

On December 10, EQT Infrastructure, a global investment organization under EQT corp. acquired a Denmark passenger ferry company, Molslinjen, to decarbonize its ferry fleet and accelerate its transition to renewable fuel sources. Given the shared goals of both entities, the acquisition is expected to generate positive returns in the coming years.

EQT’s total sales volume has increased 5.9% sequentially to 366,138 million cubic feet in the third quarter ended September 30, 2020. Its adjusted EBITDA has increased slightly from the prior quarter to $334.21 million, while its free cash flow has improved 157% to $46.72 million over the same period. Moreover, EQT reported year-end (December 31) total proved reserves of 19.8 Tcfe, an increase of 13% year-over-year.

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