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

EQT Corporation has received approval from the U.S. Federal Trade Commission to acquire Tug Hill's upstream assets and XcL Midstream's gathering and processing assets. The acquisition is expected to lower EQT's cost structure, reduce development risk, increase cash flow and net asset value per share, and maintain its investment grade balance sheet. The transaction is expected to close within the next seven business days.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 8:22 pm

On CNBC's 'Halftime Report Final Trades', Anastasia Amoroso of JPMorgan Private Bank recommended Invesco Global Listed Private Equity ETF (PSP), Joseph Terranova of Virtus Investment Partners picked EQT Corporation (EQT), and Stephen Weiss of Short Hills Capital Partners named Baidu, Inc. (BIDU) as his final trade. EQT posted better-than-expected earnings for Q2, while sales missed expectations. Baidu was recently downgraded from Positive to Mixed by OTR Global.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 1:47 pm

CNBC's Halftime Report discussed final trades, mentioning EQT Corp and Baidu. No specific details about the companies' performance or future outlook were provided.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:02 pm

EQT Corporation has projected its total sales volume for Q3 2023 to be between 475Bcfe and 525Bcfe. The company also expects its FY23 sales volume to range from 1,900Bcfe to 2,000Bcfe.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:33 pm

EQT Corporation reported Q2 losses of $0.17 per share, beating the analyst consensus estimate of $0.23 by 26.09%. However, the company's quarterly sales of $993.00 million missed the analyst consensus estimate of $1.03 billion by 3.59%. This represents a 120.48% decrease in earnings and a 38.40% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:31 pm

EQT Corporation is set to release its latest quarterly earnings report on July 25, 2023. Analysts estimate an earnings per share (EPS) of $-0.20. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. However, the stock has seen a 13.21% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:02 pm

Truist Securities analyst Neal Dingmann has maintained a 'Hold' rating on EQT (NYSE:EQT) and lowered the price target from $41 to $34.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 24, 2023 | 4:06 pm

EQT Corporation has announced the appointment of Jeremy Knop as its new Chief Financial Officer, effective from July 24, 2023.

Portfolio Pulse from Charles Gross

July 20, 2023 | 8:21 pm

Analysts have provided various ratings for EQT (NYSE:EQT) within the last quarter, with 2 bullish, 3 somewhat bullish, and 5 indifferent. The average price target is $42.0, implying an upside from the current price of $39.58. This average has increased by 8.89% from the previous average price target of $38.57.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 8:00 pm

Energy stocks are trading higher due to an increase in the price of crude oil as investors await inventory data. Several companies including APA, AR, BTE, CCJ, CIVI, CNQ, CTRA, DVN, EOG, EQT, MRO, MTDR, NE, OVV, SM are mentioned.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 7:11 pm

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