Streetbeat News

EQT

EQT Corporation

https://www.eqt.com

Industry

Oil & Gas Exploration & Production

EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), including ethane, propane, isobutane, butane, and natural gasoline. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play. The company was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania.

Open

42.88

Mkt cap

25B

Volume

4.7M

High

43.43

P/E Ratio

56.95

52-wk high

44.28

Low

42.45

Div yield

0.02

52-wk low

30.02

Piper Sandler analyst Mark Lear maintains an Overweight rating on EQT Corporation (EQT) and raises the price target from $45 to $47.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:51 pm

RBC Capital analyst Scott Hanold has reiterated an Outperform rating on EQT Corporation (NYSE:EQT) and maintained a price target of $46.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 3:06 pm

Natural gas prices surged after EQT Corporation announced a production cut, leading to a 5.6% increase in U.S. natural gas futures. The United States Natural Gas Fund and the ProShares Ultra Bloomberg Natural Gas also saw significant increases. EQT's shares rose slightly in pre-market trading. Meanwhile, oil prices dipped as OPEC+ extended production curbs, affecting the United States Oil Fund. The decision came despite a recent increase in oil production by some OPEC+ members.

Portfolio Pulse from Neil Dennis

March 04, 2024 | 2:03 pm

EQT Corporation (NYSE:EQT) has decided to curtail about 1 Bcf per day of gross production starting in late February due to low natural gas prices, caused by warm winter weather and high storage inventories. The curtailment is expected to last through March, with a total reduction of 30 to 40 Bcf of net production in Q1. The company will reassess market conditions after this period.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 10:04 am

Jim Cramer shared his views on several companies on CNBC's 'Mad Money Lightning Round'. He expressed caution about Scotts Miracle-Gro due to weather dependency, despite its narrower-than-expected Q1 loss. Cramer was hesitant about Powell Industries, awaiting further analysis despite its better-than-expected Q1 results. He praised Parsons Corporation for its strong Q4 earnings and regretted not owning it sooner. AvidXchange was noted for its challenging industry, with Q4 results pending. Cramer predicted a great year for Live Nation Entertainment, despite mixed Q4 results, and showed preference for Coterra over EQT Corporation, which reported worse-than-expected Q4 results.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 2:07 pm

Energy stocks are experiencing an uptick due to an increase in oil and gas prices, positively impacting companies like AR, CNX, CTRA, EQT, OVV, RRC, and SWN.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 8:28 pm

International Flavors & Fragrances Inc. (IFF) shares fell by 8.4% after reporting mixed Q4 results and cutting its dividend by 50%. Other stocks moved significantly in the session, with notable gainers including Greenbrook TMS Inc. (GBNH), Emergent BioSolutions Inc. (EBS), and Ventyx Biosciences, Inc. (VTYX), among others. Losers included AtlasClear Holdings, Inc. (ATCH), Shineco, Inc. (SISI), and Synchronoss Technologies, Inc. (SNCR), with various reasons such as poor financial results, weak guidance, and regulatory issues.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 6:50 pm

Wall Street experienced a downturn ahead of the Federal Reserve meeting minutes and Nvidia's earnings report. Cybersecurity stocks, notably Palo Alto Networks, faced significant losses, impacting the Global X Cybersecurity ETF. Energy stocks outperformed due to a rise in natural gas prices. Major indices and ETFs like SPY, DIA, and QQQ saw declines, while specific stocks reacted to earnings reports or anticipated earnings.

Portfolio Pulse from Piero Cingari

February 21, 2024 | 6:04 pm

Toll Brothers, Inc. (TOL) reported better-than-expected Q1 2024 earnings, leading to a 6.2% rise in its shares. Other companies like Gentherm Incorporated (THRM), MediaAlpha, Inc. (MAX), and Garmin Ltd. (GRMN) also saw significant gains after reporting strong financial results or providing positive guidance. The overall market was down, with the Nasdaq Composite falling more than 100 points.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 3:47 pm

EQT Corporation's (NYSE:EQT) short interest has decreased by 4.59%, now standing at 14.09 million shares or 4.37% of its float. This decline suggests a more bullish sentiment among investors compared to the last report. With a trading volume that would require approximately 2.86 days to cover short positions, EQT's short interest is below its peer group average of 6.30%, indicating less bearish sentiment towards EQT compared to its peers.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 7:45 pm

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