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 has reiterated an Overweight rating on EQT Corporation (NYSE:EQT) and increased the price target from $41 to $46.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:29 pm

Goldman Sachs forecasts a significant increase in U.S. power demand due to AI data centers, projecting a 15% CAGR from 2023-2030. This growth is expected to raise data centers' power demand to 8% of total U.S. demand by 2030. Approximately 47 GW of additional power generation capacity will be needed, with an estimated $50 billion in capital investment. Goldman Sachs has identified 16 stocks across various sectors as beneficiaries of this trend, including utilities, clean technology, and industrial tech.

Portfolio Pulse from Piero Cingari

April 29, 2024 | 4:37 pm

EQT Corp (NYSE:EQT) has been analyzed by 25 analysts, showing a mix of ratings from bullish to bearish. The average 12-month price target is $41.8, a slight decrease from the previous $42.14. Analyst actions include various adjustments to ratings and price targets, reflecting changing market dynamics and company performance. EQT, a natural gas production company, faces challenges with a -28.89% revenue decline and below-average profitability metrics. Despite a balanced debt approach, its financial performance lags behind industry averages.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 4:01 pm

Mizuho analyst Nitin Kumar has maintained a Neutral rating on EQT Corporation (NYSE:EQT) and increased the price target from $40 to $43.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:06 pm

EQT shares are trading higher following the announcement of their Q1 financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 4:34 pm

Stephens & Co. analyst Mike Scialla maintains an Equal-Weight rating on EQT Corporation (NYSE:EQT) and raises the price target from $46 to $47.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:17 pm

EQT Corporation has updated its Q2 total sales volume forecast to 455-505 Bcfe and its 2024 total sales volume forecast to 2,100-2,200 Bcfe, factoring in 1 Bcf/d of operated production curtailments through May. The company also confirmed its 2024 capital expenditure plans, maintaining maintenance capital expenditures at $1,950-$2,050 million and strategic growth capital expenditures at $200-$300 million, focusing on water, midstream, and other infrastructure and land opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:34 pm

EQT Corporation reported its Q1 2024 adjusted earnings per share at $0.82, surpassing the consensus estimate of $0.64 by 28.12%. Adjusted sales reached $1.720 billion, exceeding expectations by 10.31% but marking an 8.90% decrease from the previous year's $1.888 billion.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:32 pm

Numerous companies are scheduled to report their quarterly earnings on April 23, 2024, with expectations covering a wide range of performance indicators. Notable companies include RTX, MSCI, Quest Diagnostics, General Motors, Spotify Technology, PepsiCo, and Tesla, among others. The earnings reports span various industries from technology, healthcare, automotive, to consumer goods, indicating a significant day for investors to gauge corporate performance and market directions.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 10:57 am

Piper Sandler analyst Mark Lear maintains an Overweight rating on EQT Corporation (NYSE:EQT) but lowers the price target from $47 to $41.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 5:42 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.