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

Analysts expect EQT’s revenues to grow 12.8% year-over-year to $1.08 billion in the current quarter (ending March 31, 2020).  A consensus EPS estimate of $0.18 for the current quarter represents a 28.6% improvement year-over-year. The stock has gained 140.2% over the past year.

EQT’s POWR ratings reflect this promising outlook. It has an overall rating of “Buy” with an “A” for Trade Grade and Peer Grade, and a “B” for Buy & Hold Grade. It is currently ranked #17 of 111 stocks in the same industry. 

Range Resources Corporation (RRC - Get Rating)

Focused in the Appalachian and North Louisiana regions of the United States, RRC is engaged in the exploration, development and acquisition of natural gas and crude oil properties. The company serves primarily marketing and midstream companies, industrial users, petrochemical end users, NGL distributors, and natural gas processors.

This month, U.S. Well Services, Inc. (USWS) extended its contract to provide electric hydraulic fracturing services to  RRC in the Appalachian Basin. This will enable RRC to dramatically decrease emissions and sound pollution while generating exceptional operational efficiencies and significant customer fuel cost savings.

RRC’s non-GAAP total revenues have increased 1.5% sequentially to $509.86 million in the third quarter ended September 30, 2020. Total oil and gas sales have increased 9.2% from the prior quarter to $381.55 million, while its non-GAAP EPS has improved 50% sequentially over the same period.

Analysts expect revenues to grow 31.1% year-over-year to $566.35 million in the current quarter (ending March 31, 2020). A consensus EPS estimate of $0.27 for the current quarter represents a 575% 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 167.2% over the past year.

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