15.96 0.00 (0.00%)
After hours: 4:27PM EDT
|Bid||15.98 x 4000|
|Ask||16.32 x 1400|
|Day's Range||15.87 - 16.36|
|52 Week Range||15.40 - 31.24|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.12 (0.66%)|
|1y Target Est||N/A|
EQT Corp.'s CEO, in the midst of a proxy battle ahead of next month's shareholder vote, said the natural-gas driller is showing real signs of momentum in the past nine months. "I'm really pleased with the execution that we've had over the last three quarters since this management team has taken over," EQT CEO Robert J. McNally told the Business Times. "We continue to improve month after month on all of the operating metrics that we track, and that flows through to financial metrics and pushes us toward free cash flow." The management and board have been locked in a battle for control of EQT (NYSE: EQT) with several large shareholders led by Toby Z. Rice, the former president of Rice Energy (NYSE: RICE) whose family received shares in EQT when Rice was acquired in late 2017.
EQT Corp NYSE:EQTView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for EQT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding EQT are favorable, with net inflows of $8.93 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. EQT credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The biggest European private equity groups are rushing to raise new mega funds as they seek to tap into record demand from investors before markets become tougher. Luxembourg-based CVC Capital Partners is attempting to raise what would be Europe’s largest ever fund — potentially more than €18bn — as early as next year.
EQM Midstream Partners LP said on Monday it had raised the estimated cost of its Mountain Valley natural gas pipeline from West Virginia to Virginia to $4.8-$5.0 billion and delayed the projected completion to mid-2020 due to ongoing legal and regulatory challenges. EQM made the comments in a federal regulatory filing in which the company said it had submitted a land exchange proposal to the federal government in an effort to enable the pipe to cross the Appalachian Trail.
On CNBC's "Fast Money Halftime Report," Jon Najarian said options traders bought 16,000 contracts of the January 55 calls in Western Digital Corp (NASDAQ: WDC) in the first half of the session on Thursday. Najarian has also noticed a purchase of almost 5,000 contracts of the July 17 calls in EQT Corporation (NYSE: EQT). Learn from Jon Najarian and other traders in person at the Benzinga Global Trading & Investing Summit June 20 in New York City!
"If I had to explain it, it is a culture that confused being the biggest with being the best," said Rice in an interview with the Business Times.
In his second "Executive Decision" segment on Mad Money Tuesday night, our own Jim Cramer sat down with Rob McNally, president and CEO of EQT Corp. , the natural gas producer embroiled in a bitter proxy fight with Rice Energy, a company it acquired in 2017. When asked about the proposals made by those backing Rice Energy, McNally said simply that those claims are not based in reality.
The founder of Rice Energy, the U.S. natural gas producer acquired by larger peer EQT Corp for $6.7 billion in 2017, told Reuters on Tuesday that only by giving him control of the EQT board would the business be able to make the changes he believes it needs. Toby Rice has put forward himself, his brother Daniel and five more nominees to sit on EQT's 12-member board, arguing the company has mismanaged the acquisition, with its inefficient production methods leading to significant shareholder value destruction. Daniel Rice is already an EQT board director.
One of the largest buyout groups in Europe, EQT, is talking for the first time to investors for a potential initial public offering in a rare move in private equity. “leans towards a listing” and reviews options for growth, say people with knowledge of the situation. A listing would take place in Stockholm and would be formally announced by the end of September with the view to list either November or December this year, these people said.
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]
These Drivers Could Support Natural Gas Prices Next WeekNatural gas’s rise limited energy stocks’ downsideOn May 23, natural gas June futures rose 1.4% to $2.578 per MMBtu (million British thermal units). Inventory data, a fall in natural gas
It said two of EQT's recently announced slate of directors "appeared qualified to serve on the EQT board."
EQT Corp shareholders Rice brothers said on Thursday they will reduce their director nominees to the company's board from nine to seven, after EQT decided to replace three long-serving directors. Rice Energy's Toby Rice and brother Derek own around 3% of EQT and have been pushing for a change in its strategy and a shakeup of the board. Toby and Derek Rice are part of Rice Energy's founding team, which EQT bought in November 2017.
ZURICH/FRANKFURT (Reuters) - Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.1 billion), as the food group shifts its portfolio in response to changing consumer demands. The proposed transaction with private equity firm EQT, a unit of the Abu Dhabi Investment Authority and PSP Investments is expected to close in the second half of 2019 pending regulatory approval, Nestle said on Thursday. Nestle Chief Executive Mark Schneider put the skin health unit up for sale last September as the group moved to ditch underperforming businesses, following years of slowing growth as many consumers favoured fresh foods over packaged goods.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
By Arno Schuetze and Oliver Hirt FRANKFURT/ZURICH (Reuters) - Buyout group EQT Partners is putting plans for a sale of outsourcing firm VFS on ice as suitors' views on valuation were too far away from ...
EQT Corp. Chairman Jim Rohr said Thursday that the decision to retire from the company’s board of directors was his decision. Rohr is better known as the former executive chairman and CEO of PNC Financial Services Group Inc. (NYSE: PNC), from which he retired in April 2014.
EQT Corp shareholders Rice brothers on Thursday said the company's plan to replace three board members was not enough and urged it to change its leadership. The oil and gas producer said on Wednesday three of its long-serving directors, including its chairman James Rohr, would step down and announced plans to nominate their replacements. Rice Energy's Toby Rice and brother Derek, who own around 3.1 percent stake in EQT, have been asking for Toby Rice to be made the company's chief executive officer.