Investors moving to natural gas, away from oil as 2025 energy stock play
Seeking Alpha News (Tue, 10-Dec 7:05 PM ET)
EQT reports early results and upsizing of EQM Midstream Partners tender offer
Seeking Alpha News (Tue, 10-Dec 10:10 AM ET)
PRNewswire (Tue, 10-Dec 6:30 AM ET)
EQM MIDSTREAM PARTNERS, LP COMMENCES TENDER OFFER AND CONSENT SOLICITATION
PRNewswire (Mon, 25-Nov 6:30 AM ET)
EQT Announces $3.5 Billion Midstream Joint Venture with Blackstone Credit & Insurance
PRNewswire (Mon, 25-Nov 6:29 AM ET)
EQT Reports Third Quarter 2024 Results and Announces Non-Operated Asset Divestiture
PRNewswire (Tue, 29-Oct 4:30 PM ET)
EQT Achieves its Net Zero Scope 1 and Scope 2 GHG Emissions Target Ahead of 2025 Goal
PRNewswire (Wed, 23-Oct 4:05 PM ET)
EQT Declares Quarterly Cash Dividend
PRNewswire (Thu, 10-Oct 4:15 PM ET)
EQT Corporation Schedules Third Quarter 2024 Earnings Release and Conference Call
PRNewswire (Thu, 3-Oct 4:15 PM ET)
EQT Active Core Infrastructure fund holds final close
PRNewswire (Tue, 24-Sep 8:08 AM ET)
EQT Corp is an independent natural gas production company with operations focused in the Marcellus and Utica shale plays in the Appalachian Basin. At year-end 2023, EQT's proven reserves totaled 27.6 trillion cubic feet equivalent, with net production of 5.79 billion cubic feet equivalent per day. Natural gas accounted for 94% of production.
Eqt trades on the NYSE stock market under the symbol EQT.
As of December 11, 2024, EQT stock price climbed to $45.58 with 8,964,956 million shares trading.
EQT has a beta of 1.21, meaning it tends to be more sensitive to market movements. EQT has a correlation of 0.18 to the broad based SPY ETF.
EQT has a market cap of $27.20 billion. This is considered a Large Cap stock.
Last quarter Eqt reported $1 billion in Revenue and $.12 earnings per share. This beat revenue expectation by $63 million and exceeded earnings estimates by $.06.
In the last 3 years, EQT traded as high as $51.97 and as low as $19.20.
The top ETF exchange traded funds that EQT belongs to (by Net Assets): VTI, XLE, VOO, SPY, IVV.
EQT has underperformed the market in the last year with a price return of +24.5% while the SPY ETF gained +33.5%. However, in the short term, EQT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +42.4% vs +11.0% return in SPY. But in the last 2 weeks, EQT shares have been beat by the market, returning 0.0% compared to an SPY return of +1.1%.
EQT support price is $42.15 and resistance is $43.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EQT shares will trade within this expected range on the day.