5 Best Gas Stocks To Buy Now

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In this article, we will be taking a look at the 5 best gas stocks to buy now. To read our detailed analysis of these stocks, you can go directly to see the 10 Best Gas Stocks To Buy Now.

5. EQT Corporation (NYSE:EQT)

Number of Hedge Fund Holders: 46

EQT Corporation (NYSE:EQT) boasts itself as being the largest natural gas producer in the US, having total sales volume of 527 Bcfe in the fourth quarter, leading to a full-year sales volume of 1,858 Bcfe. For full-year 2022, EQT Corporation (NYSE:EQT) posted a sales volume guideline of 1,950 to 2,050 Bcfe.

The Pennsylvania-based independent natural gas company profited from surging gas prices between October and December 2021. The company reported net income of $1.8 billion or $4.69 per share for the final quarter of 2021. EQT Corporation (NYSE:EQT) also reported free cash flow of $935 million for fiscal year 2021, an increase of $610 million from the previous year.

As of March 16, EQT Corporation (NYSE:EQT) shares have climbed 21% in the past three months. Given the company’s market share in the natural gas sector, hedge funds and market analysts consider EQT to be one of the best gas investment options. D E Shaw, a New York-based hedge fund, increased its holdings in EQT Corporation (NYSE:EQT) by 89% in the fourth quarter of 2021, to 6.6 million shares. The hedge fund has a $145 million interest in the natural gas company, making it one of the company’s largest stockholders.

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