EQT, TTE, and FANG are three oil & gas stocks investors should know
Oil prices prices have been volatile today amid a slew of updates, moving higher after reports that Israel is preparing to strike Iran, and back lower following bearish crude data out of the U.S. West Texas Intermediate (WTI) crude was last seen down 0.7% at $61.62, adding to its 14.3% year-to-date deficit amid geopolitical tensions and potential trade disruptions. Amidst this choppiness, keep these three oil stocks on your radar.
The shares of Pennsylvania-based EQT Corp (NYSE:EQT) hit an 11-year high of $57.37 just last session, and were last seen down 0.3% at $55.96 today. The outperforming stock is up 35.7% year-over-year and 21.5% year-to-date, though we'll see if it can stage a meaningful breakout past the $56 level, which rejected the shares in mid-February.
French oil stock TotalEnergies SE (NYSE:TTE) was last seen down 0.3% at $59.21, struggling with resistance at the $60 level as well as its 160-day moving average, as it attempts a rally from its April 9 two-year low of $52.78. Year to date, the equity is still up 8.7%.
Similarly, Diamondback Energy Inc (NASDAQ:FANG) hit an April 9 two-year low of $114.00. The Texas-based hydrocarbon exploration stock was last seen down 0.8% at $137.22, and has been chopping lower since July. Year to date, the equity is down 16.2%.
