|Bid||14.63 x 1300|
|Ask||0.00 x 2900|
|Day's Range||15.40 - 16.24|
|52 Week Range||15.40 - 31.24|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||0.12 (0.66%)|
|1y Target Est||25.27|
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.
EQT Corporation (EQT) today provided preliminary financial and operational results for the second quarter 2019 and announced additional savings under its Target 10% Initiative. In the second quarter, EQT continued to drive operational efficiencies, building on the Company’s progress in the prior two quarters.
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.
EQT Corporation (EQT) today mailed a letter to shareholders highlighting the complementary skills and experience of the Company’s 12 highly qualified director nominees. The EQT Board of Directors has taken a thoughtful and deliberate approach to assembling a purpose-built Board of Directors. Four new independent directors were appointed in connection with the midstream spin-off in the fourth quarter of 2018, and the Board’s Corporate Governance and 2019 Annual Meeting Committees nominated three new independent director candidates to stand for election at the upcoming Annual Meeting.
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.
The letter issued by the Toby Rice Group yesterday contains a number of highly misleading or false statements about EQT’s financial and operational performance. Based on these continued misleading and reckless statements, we urge EQT shareholders to carefully review any materials they receive from the Toby Rice Group and conduct their own research to verify the accuracy of statements. Falsely tried to undermine EQT’s leading free cash flow generation by stating that $120 million or 40% of the $305 million of adjusted free cash flow1 generated by EQT in the last two quarters was from temporary midstream distributions.
EQT Corp NYSE:EQTView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low and declining * 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. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on May 16. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold EQT had net inflows of $3.32 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow 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 email@example.com.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 Rice Team (Toby Z. Rice, Derek A. Rice, J. Kyle Derham and William E. Jordan), shareholders of EQT Corporation (EQT), today sent a letter to EQT shareholders seeking to correct a number of false claims that EQT has made in its efforts to mislead shareholders. The letter also addresses a number of personal attacks that EQT has made against the Rice Team. The letter states that: “As large shareholders, we want what is best for EQT and for generating long term shareholder value.
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 […]
EQT Corporation (EQT) today announced that it has mailed a letter to shareholders reviewing the strong operational and financial performance delivered by the Company’s new Board of Directors and management team. EQT’s letter stands in stark contrast with the recent nominee Q&A published by the Toby Rice Group, which was devoid of facts and relied on misleading, dated tropes about EQT. “The comments by the Toby Rice nominees reveal a startling lack of insight into EQT’s operations and confirm that they do not understand that a significant transformation has already taken place at EQT,” said Rob McNally, EQT president and chief executive officer.
The Rice Team (Toby Z. Rice, Derek A. Rice, J. Kyle Derham and William E. Jordan), shareholders of EQT Corporation (EQT), today sent an additional letter to fellow EQT shareholders emphasizing the necessity for new vision and leadership in order to realize the full potential of the merger with Rice Energy. Also in the letter, the Rice Team’s exceptional independent director candidates for the EQT Board introduce themselves to shareholders and offer their perspectives on the strengths of the Rice Team and why there is a pressing need for transformational change at EQT.
PITTSBURGH-- -- Details How to Support the EQT Team, Which Is Creating Significant and Sustainable Long-Term Value for Shareholders Features Videos Highlighting Expertise of Three New Independent Director Nominees Provides Additional Information to Shareholders Outlining the Deep and Broad Experience of All 12 of the Company’s Director Nominees Urges Shareholders to Vote “FOR” All 12 of EQT’s Highly ...
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
EQT Corporation (EQT) today announced that it has filed its definitive proxy statement with the U.S. Securities and Exchange Commission in connection with the Company’s 2019 Annual Meeting of Shareholders (the "Annual Meeting"), scheduled for July 10, 2019. EQT shareholders of record as of the close of business on May 14, 2019, will be entitled to vote at the Annual Meeting. The EQT Board of Directors (the “Board”) recommends that shareholders support the EQT team and strategy that is delivering results by voting on the GOLD universal proxy card “FOR” EQT’s 12 highly qualified director nominees.
As shareholders of EQT, you may soon receive a proxy statement with voting materials from the Rices regarding EQT’s upcoming 2019 Annual Meeting. The EQT Board of Directors strongly urges you not to sign or return any white proxy card sent to you by the Rices. The EQT Board of Directors intends to file the Company’s definitive proxy statement shortly with the U.S. Securities and Exchange Commission.
Toby Z. Rice and Derek A. Rice, shareholders of EQT Corporation (EQT), with an approximately 3% ownership interest, today filed a definitive proxy statement and sent a letter to EQT shareholders outlining their comprehensive plan to transform EQT into a modern and efficient energy producer capable of driving improved shareholder returns.
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.