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

49.47

Mkt cap

30B

Volume

4.4M

High

50.88

P/E Ratio

112.71

52-wk high

56.66

Low

48.65

Div yield

0.03

52-wk low

30.02

Bank of America is facing business losses due to a block-trading probe in Asia, with allegations of employees sharing nonpublic information. This has led to the bank being removed from an IPO mandate by EQT and concerns from a Norwegian conglomerate.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 5:36 pm

BMO Capital analyst Phillip Jungwirth maintains an Outperform rating on EQT and raises the price target from $39 to $40.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 5:17 pm

Mizuho analyst Nitin Kumar has maintained a Neutral rating on EQT Corporation (NYSE:EQT) while lowering the price target from $43 to $41.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 4:23 pm

EQT Corp (NYSE:EQT) has received mixed analyst ratings over the past three months, with a majority being somewhat bullish. The average 12-month price target is $41.33, slightly down from previous estimates. EQT's financial performance shows revenue growth but challenges in profitability and returns. Analysts have adjusted their ratings and price targets based on recent developments.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 5:01 pm

Citigroup analyst Scott Gruber has upgraded EQT from Neutral to Buy and increased the price target from $37 to $44.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 2:08 pm

EQT Corporation plans a 15% workforce reduction, including termination of former executive officers and senior employees of Equitrans. This will result in pre-tax charges of $165M-$185M, with most recorded in Q3 2024. The move aims to cut $80M in annualized costs.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 8:19 pm

EQT's short interest has decreased by 5.76%, with 19.30 million shares sold short, representing 3.93% of its float. This is lower than its peers' average short interest of 6.63%. A decrease in short interest can indicate a more bullish sentiment.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 8:45 pm

Energy stocks are rising as oil prices increase following an Israeli airstrike on Hezbollah in Beirut. Israeli PM Netanyahu emphasized the right to address threats, impacting the energy sector.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 4:20 pm

EQT Corporation (NYSE:EQT) has significantly outperformed the market over the past 20 years, achieving an average annual return of 17.11%. A $100 investment in EQT 20 years ago would be worth $2,367.52 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 4:00 pm

JP Morgan analyst Arun Jayaram maintains an Overweight rating on EQT and raises the price target from $37 to $39.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:41 pm

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