EQT Corporation has garnered considerable attention from analysts and investors alike. According to Jim Cramer, if the rally in natural gas continues, EQT is a solid investment choice. The company made significant transactions recently, selling a stake in midstream assets to Blackstone for $3.5 billion. This sale, along with an increased target price from Mizuho and Morgan Stanley, propelled EQT's shares upwards. However, concerns over the company's aging infrastructure threaten its financial stability and operational functionality.
On the earnings front, EQT topped Q3 estimates bolstered by robust gas equivalent production, although revenue missed targets. The company also declared a quarterly cash dividend, with a proposed payment per share of €1.80.
Notable investments have happened with Swedbank AB and The Manufacturers Life Insurance Company selling and purchasing substantial EQT shares respectively. Additionally, a midstream joint venture with Blackstone worth $3.5 billion has been established to aid EQT's expansion in the sector.
Despite underperforming in comparison to the S&P 500, EQT's stock performance surpasses other Oil & Gas E&P stocks, arguing well for its long-term investment potential. Lastly, EQT is advancing its Clean Hydrogen Project, aligning with contemporary environmental concerns.
Eqt Stocks EQT News Analytics from Mon, 11 Mar 2024 07:00:00 GMT to Fri, 29 Nov 2024 19:26:09 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -7
