US Natural Gas Bounces Back On Summer Heatwave: 5 Undervalued Natural Gas Stocks To Keep On Your Radar
Portfolio Pulse from Piero Cingari
Natural gas Henry Hub futures saw a 3% increase due to expectations of above-average temperatures leading to increased demand for air conditioning. U.S. natural gas prices have risen approximately 25% since early June. Five natural gas stocks to monitor include Cheniere Energy, Inc. (NYSE:LNG), Oneok, Inc. (NYSE:OKE), Kinder Morgan, Inc. (NYSE:KMI), Antero Resources Corp. (NYSE:AR), and EQT Corporation (NYSE:EQT).
July 10, 2023 | 3:31 pm
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POSITIVE IMPACT
Antero Resources, an independent exploration and production company, has seen a 2.3% total return in the past month but is down 27% YTD. The median analyst target is 22.5% higher than the current market price.
The rise in natural gas prices due to increased demand is likely to positively impact Antero Resources' revenues and stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
EQT Corporation, a leading natural gas producer, has seen a 3.3% total return in the past month and a 19.6% return YTD. The median analyst target is 12% higher than the current market price.
The rise in natural gas prices due to increased demand is likely to positively impact EQT Corporation's revenues and stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Kinder Morgan, a large energy infrastructure company, has seen a 1.5% decrease in the past month and is down 3.1% YTD. The median analyst target is 18.2% higher than the current market price.
The rise in natural gas prices due to increased demand is likely to positively impact Kinder Morgan's revenues and stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cheniere Energy, a leading producer of LNG, has seen a 5% total return in the past month and a 2.1% return YTD. The median analyst target is 27.5% higher than the current market price.
The rise in natural gas prices due to increased demand is likely to positively impact Cheniere Energy's revenues and stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Oneok, a midstream energy company, has seen a 3.3% total return in the past month but is down 2.2% YTD. The median analyst target is 14.2% higher than the current market price.
The rise in natural gas prices due to increased demand is likely to positively impact Oneok's revenues and stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80