11 Best American Energy Stocks to Buy Now

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3. EQT Corporation (NYSE:EQT)

Number of Hedge Fund Holders: 88

EQT Corporation (NYSE:EQT) is a vertically integrated American energy company with production and midstream operations focused in the Appalachian Basin. It is one of the largest natural gas producers in the US. EQT ranks among the best American energy stocks to buy now according to hedge funds.

On April 1, Mizuho Securities analyst Nitin Kumar raised the firm’s price target on EQT Corporation (NYSE:EQT) from $57 to $60 and maintained an “Outperform” rating. This adjustment is based on expectations that the company will surpass projections in the first quarter of 2025 for EBITDA by about 6% and cash flow per share (CFPS) by approximately 13% because of robust natural gas pricing. Kumar’s analysis highlighted that EQT Corporation’s (NYSE:EQT) position as the second largest natural gas producer in the US positions it favorably to benefit from current market conditions. The company’s Q1 2025 results are expected to be positively influenced by these benefits and also from the ongoing efforts to realize synergies related to EQT Corporation’s (NYSE:EQT) acquisition of Equitrans Midstream Corporation, which was completed in July 2024.

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