Top 10 Oil Companies To Invest In 2016: EQT Corporation(EQT)
EQT Corporation, together with its subsidiaries, operates as an integrated energy company in the United States. It operates in three segments: EQT Production, EQT Midstream, and Distribution. The EQT Production segment engages in the exploration, development, and production of natural gas, natural gas liquids, and crude oil in the Appalachian Basin. This segment?s properties are located primarily in Kentucky, West Virginia, Virginia, and Pennsylvania. As of December 31, 2010, it had 5.2 trillion cubic feet of proved reserves across 3.5 million acres. The EQT Midstream segment provides gathering, processing, transmission, and storage services for the independent third parties in the Appalachian Basin. It has approximately 10,900 miles of gathering lines and 770 miles of transmission lines. The Distribution segment distributes and sells natural gas to residential, commercial, and industrial customers in southwestern Pennsylvania, West Virginia, and eastern Kentucky. It also operates a gathering system in Pennsylvania; and purchases and delivers gas to customers. This segment serves approximately 276,500 customers consisting of 257,900 residential customers, and 18,600 commercial and industrial customers. The company was formerly known as Equitable Resources, Inc. and changed its name to EQT Corporation in February 2009. EQT Corporation was founded in 1925 and is headquartered in Pittsburgh, Pennsylvania.Advisors' Opinion:
- [By Bryan Murphy]
It's interesting. Even while oil prices continue to tumble, price targets for many oil drilling stocks remain high. For example, the pros collectively think Nabors Industries Ltd. (NYSE:NBR) are worth 55% more than what they're worth now. EQT Corporation (NYSE:EQT) is projected to gain 53% in the foreseeable future. The average analyst target at this point for Noble Energy, I! nc. (NYSE:NBL) at this point of $64.38 up 52% from current prices. Though the timeframe for these target prices isn't set in stone, broadly speaking, we can assume these analysts are thinking one year out at a time, give or take.
- [By ovenerio]
The company has a current ROE of 12.69% which is higher than the industry median and the ones exhibit by Encana (ECA), Crescent Point Energy (CPG), Concho Resources (CXO) and EQT (EQT). In general, analysts consider ROE ratios in the 15-20% range as representing attractive levels for investment. It is very important to understand this metric before investing and it is important to look at the trend in ROE over time.
- [By Robert Rapier]
Space constraints don't allow me to take a deep dive into the Marcellus companies, which are more diverse than the Bakken producers I highlighted last week. Among the major Marcellus producers covered in depth in The Energy Strategist are Cabot Oil and Gas (NYSE: COG), EQT (NYSE: EQT), Range Resources (NYSE: RRC) and Southwestern Energy (NYSE: SWN). However, these companies vary in lot in their production (gas versus liquids) and risk profile. Further, the Marcellus has logistical constraints in some areas for getting the gas to market. This has resulted in significant regional discounts on Marcellus gas at times, but has also created enormous opportunities for pipeline companies and infrastructure providers in the region.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-10-oil-companies-to-invest-in-2016.html