Jim Cramer Says EQT is the Stock He'd Like "Even Without This New EU Deal"

EQT Corporation (NYSE:EQT) is one of the stocks Jim Cramer highlighted as potential winners from the US-EU deal. Cramer mentioned that the EU deal is just a bonus, and he already likes the stock. He commented:

“Let’s start with a couple of natural gas producers themselves. The first and most obvious, and we’ve had them on many times, is EQT. It’s the exploration, production company with operations in the Appalachian Basin, spanning Pennsylvania, West Virginia, and Ohio. Since acquiring a pipeline company called Equitrans Midstream last year, EQT calls itself, ‘America’s only large-scale vertically integrated natural gas producer,’ and it’s the first name I think of these days when I want a pure play on natural gas production.

While the stock didn’t bounce today, mainly because the price of natural gas tumbled nearly 3%, it’s been a great long-term performer, up 51% over the past 12 months. Frankly, EQT is the stock I’d like even without this new EU deal, and this news is just a bonus.”

EQT (NYSE:EQT) produces, gathers, and transports natural gas, selling it along with natural gas liquids to utilities, marketers, and industrial buyers. Moreover, the company provides marketing, pipeline capacity management, and risk management services.

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Disclosure: None. This article is originally published at Insider Monkey.