|Bid||0.00 x 4000|
|Ask||0.00 x 1200|
|Day's Range||8.23 - 8.59|
|52 Week Range||8.00 - 21.86|
|Beta (5Y Monthly)||0.57|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 11, 2020 - Feb 16, 2020|
|Forward Dividend & Yield||0.12 (1.40%)|
|Ex-Dividend Date||Nov 05, 2019|
|1y Target Est||12.50|
Natural gas futures slumped to their lowest level in more than three and a half years after weather updates showed milder temperatures and pessimistic signs for heating demand over the next few days.
Noble Energy's (NBL) Leviathan field starts commercial operation per schedule, and is expected to drive performance of the company over the long term.
EQT Corporation (the Company or EQT) (NYSE: EQT) announced today that it has priced an offering of $1.0 billion in aggregate principal amount of its 6.125% senior notes due February 1, 2025 and $750 million in aggregate principal amount of its 7.000% senior notes due February 1, 2030. The notes are being sold to the public at par. EQT expects the offering to close on January 21, 2020, subject to the satisfaction of customary closing conditions.
EQT Corporation (EQT) estimates its fourth-quarter net sales volumes in the band of 370-375 Bcfe, indicating a narrower outlook from the earlier guided the earlier guided range of 355-375 Bcfe.
The Zacks Analyst Blog Highlights: EQT, Gulfport Energy, Southwestern Energy, Cabot Oil & Gas and SilverBow Resources
EQT, the largest US natural gas producer, plans to write down the value of its assets by as much as $1.8bn as prices for the fuel slide to the lowest levels in a generation. The Pittsburgh-based company surpasses energy majors such as ExxonMobil and Chevron in gas volumes, according to the latest Natural Gas Supply Association reports. Following a proxy campaign backed by activist investors D E Shaw and Elliott Management, EQT last year installed Toby Rice as chief executive and replaced most of its board.
Moody's Investors Service, ("Moody's") downgraded EQT Corporation's (EQT) senior unsecured rating to Ba1 from Baa3. Moody's also assigned a Ba1 Corporate Family Rating (CFR), a Ba1-PD Probability of Default Rating (PDR) and an SGL-2 Speculative Grade Liquidity (SGL) Rating. "EQT's significantly weakening cash flow metrics in light of the persistent weak natural gas price environment and the company's intent to refinance its 2020 maturities in lieu of debt reduction through repayment drives the ratings downgrade." commented Sreedhar Kona, Moody's senior analyst.
Though the Permian often takes center stage in the U.S. shale saga, another American hotspot is seeing a slowdown in production as natural gas prices remain low
EQT Corp. named Consol Energy exec David Khani as CFO, filling a key role at the nation's largest independent natural gas producer. Khani had been EVP and CFO of Consol (NYSE: CEIX), both before the company split in 2017 and after it became a pure-play coal company. Khani had been CFO of CNX Midstream Partners (NYSE: CNXM) between 2014 and 2018, and had been VP of finance at Consol beginning in 2011 and CFO since 2013 while it had both natural gas and coal operations.
Consol Energy Inc. disclosed Friday the resignation of Chief Financial Officer David Khani, which was effective Dec. 31. The coal production company said Khani's resignation was not the result of any disagreement or conflict with the company. Separately, natural gas production company EQT Corp. said Friday that it named David Khani as its CFO, effective Jan. 3. Consol said it named Director of Finance Mitesh Thakkar as its interim CFO. Khani EQT said Khani succeeds interim CFO Kyle Derham, who will remain eventually return to his role as partner of Rice Investment Group. Consol's stock was still inactive in premarket trading while EQT shares gained 1%. Over the past 12 months, Consol's stock has tumbled 53.4% and EQT's has dropped 46.4%, while the S&P 500 has climbed 33.1%.
EQT Corporation (NYSE: EQT) today announced its board of directors has appointed David Khani as chief financial officer, effective January 3, 2020. As anticipated, Kyle Derham, who has been serving as the company’s interim chief financial officer, will remain with EQT in an executive advisory role to ensure a smooth transition and assist in the execution of EQT’s strategic initiatives before returning to his role as Partner of Rice Investment Group.
What seemed like a quixotic quest in January quickly morphed, through Rice's industry and a discontent with the status quo, into a historic takeover of the company in July.
We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained more than 57% each. Hedge funds' top 3 stock picks returned 44.6% this year and beat the S&P 500 […]
Equitrans this week also said it would spend between $1.2 billion and $1.3 billion on capital projects in 2020.