EQT Corporation has been in a constant market watch with its stocks sinking and gaining alternately. It reported its first-quarter 2024 results and hit a crucial technical benchmark. The corporation's majority of shares were purchased by various entities such as Kestra Private Wealth Services LLC and Thompson Siegel & Walmsley LLC. EQT Asia Fund's buyout of Perficient for $3B led to EQT's stock soaring 53 percent. There has been a significant increase in EQT's year-to-date stock performance, boosting over 7%. Amidst such market fluctuations, the corporation is planning to pay a dividend soon. On the negative side, EQT faced a downfall due to sluggish earnings which was followed by a much-discussed acquisition deal with Equitrans Midstream. Despite these challenges, the firm's solid financials and growth outlook could signal an upside. However, Mizuho's downgrade post the Equitrans deal led to more losses. Amidst all the buying and selling, EQT announced its intent to acquire Equitrans Midstream in an all-stock deal, and has partnered with T-Mobile to purchase the fiber optic network provider Lumos for $950m. However, the first quarter of 2024 ended on a disappointing note with the corporation missing expectations despite AI opportunity in the Equitrans deal.
Eqt Stocks EQT News Analytics from Tue, 17 Oct 2023 07:00:00 GMT to Sun, 12 May 2024 07:39:12 GMT -
Rating 3
- Innovation 4
- Information 7
- Rumor 2
