EQT CORP (NYSE:EQT) – A Strong Growth Candidate Meeting Minervini’s Trend Template

EQT CORP (NYSE:EQT) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template criteria. The company, a leading natural gas producer, demonstrates strong technical and fundamental characteristics that make it a compelling candidate for growth-focused investors.

Technical Strength: Meeting Minervini’s Trend Template

EQT’s stock exhibits a robust technical setup, fulfilling key criteria from Minervini’s Trend Template:

• Price Above Key Moving Averages: The stock is trading above its 50-day ($50.80), 150-day ($47.01), and 200-day ($43.60) moving averages, confirming a sustained uptrend.
• Upward-Sloping Moving Averages: Both the 150-day and 200-day MAs are trending upward, reinforcing long-term bullish momentum.
• Relative Strength: With a ChartMill Relative Strength score of 92.7, EQT outperforms 93% of its peers in the Oil, Gas & Consumable Fuels sector.
• Price Near 52-Week High: Currently trading at $55.62, EQT is within 2% of its 52-week high ($56.66), a sign of strong momentum.
• Significant Gain from Low: The stock has surged 85% from its 52-week low ($30.02), indicating substantial recovery and growth potential.

Fundamental Growth Drivers

Beyond technical strength, EQT shows promising fundamental growth metrics:

• Earnings Growth: EPS growth over the past year (TTM) stands at 33.6%, with recent quarterly EPS growth at 43.9%.
• Positive Earnings Revisions: Analysts have raised next-year EPS estimates by 9.6% over the past three months, reflecting improving sentiment.
• Strong Profitability: The latest quarter’s profit margin was 13.9%, with a history of beating earnings estimates (4 out of the last 4 quarters).
• Revenue Momentum: While revenue growth has been mixed, recent quarterly sales growth improved by 25.1%, signaling potential recovery.

Technical Analysis Summary

According to ChartMill’s technical report, EQT scores a perfect 10/10 on technical strength, supported by:

• Strong short- and long-term uptrends.
• Outperformance against 92% of all stocks over the past year.
• High liquidity with an average daily volume of 8.7 million shares.

However, the report notes that while EQT is technically strong, it currently lacks an ideal entry point due to recent volatility. Investors may want to wait for a consolidation before considering a position.

For a deeper technical breakdown, review the full technical report here.

Our High Growth Momentum + Trend Template screener lists more high-growth stocks meeting these criteria.

Disclaimer

This is not investment advice. Always conduct your own research before making investment decisions.