Allworth Financial LP Increases Stake in EQT Corporation with Acquisition of 1138 Shares
January 5, 2023
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EQT ($NYSE:EQT) Corporation is a leading energy company based in Pittsburgh, Pennsylvania, with operations across the Appalachian Basin and natural gas production in the Marcellus and Utica Shales. EQT Corporation is one of the largest natural gas producers in the United States and has a large portfolio of assets and operations throughout the region. Recently, it was reported that Allworth Financial LP, a financial services firm based in San Francisco, has purchased 1138 shares of EQT Corporation. This acquisition is part of a larger effort by Allworth Financial to increase its stake in the company, which has seen its stock price rise significantly this year. The addition of 1138 shares to Allworth Financial’s portfolio is an indication of the company’s confidence in EQT Corporation’s future prospects and its ability to generate long-term value for shareholders.
EQT Corporation has been actively pursuing growth opportunities in the Appalachian Basin, including acquisitions and joint ventures, to expand its presence in the region. This move should give investors further confidence in the company’s prospects and provide a boost to its stock price.
Stock Price
On Tuesday, EQT Corporation, a natural gas producer and energy company, saw its stock open at $32.7 and close at $31.8, representing a drop of 5.9% from its prior closing price of 33.8. This came despite the fact that media exposure for the company has mostly been positive. Allworth Financial LP, an investment management company based in Dallas, TX, has taken advantage of this drop in share price by increasing its stake in EQT Corporation. It acquired 1138 shares of the company on Tuesday, making it one of the largest institutional holders of EQT Corporation. The company is well-positioned in the energy sector and has many large projects in the works.
It has made major investments in shale gas development and infrastructure, and is also diversifying its business by investing in renewables such as wind and solar. EQT Corporation has also been actively working to expand its production capabilities and increase its reserves. This focus on growth has enabled the company to remain competitive in a highly volatile market. With Allworth Financial LP now taking an even larger stake in the company, investors may take this as a sign that they also are confident in EQT Corporation’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Eqt Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 12.39k | 1.86k | 47.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Eqt Corporation. More…
| Operations | Investing | Financing |
| 2.47k | -2.07k | 506.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Eqt Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 22.62k | 13.53k | 24.53 |
Key Ratios Snapshot
Some of the financial key ratios for Eqt Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 41.4% | 150.3% | 22.0% |
| FCF Margin | ROE | ROA |
| 9.7% | 18.8% | 7.5% |
VI Analysis
EQT CORPORATION is a medium risk investment according to its VI Risk Rating. This rating is based on various financial and business aspects, indicating the company’s long-term potential. The VI App has detected two risk warnings in its income sheet and balance sheet, which investors should take into account when making their decision. The company’s fundamentals should also be taken into account when evaluating its risk. These include its market share, revenue, profits, and liquidity. Investors should also consider the management’s track record, financial strength, and strategic positioning. All of these factors are essential in determining the company’s long-term potential. Investment risk also depends on the company’s industry and the macroeconomic environment. Investors should be aware of changing market conditions and any potential economic or technological disruptions that could impact the company’s performance. In addition, investors should consider geopolitical changes that could affect the industry and the company’s operations. Overall, EQT CORPORATION is a medium risk investment according to its VI Risk Rating. Investors should take into account the company’s fundamentals, industry, and macroeconomic environment when evaluating its risk. Registering with the VI App can provide additional insight into the risk warnings detected in the company’s income sheet and balance sheet. More…
VI Peers
EQT Corp is one of the largest natural gas producers in the United States. The company is engaged in the exploration, development, and production of natural gas and oil properties. EQT Corp has a large portfolio of natural gas assets in the Appalachian Basin. The company’s main competitors are Antero Resources Corp, CNX Resources Corp, and Chesapeake Energy Corp.
– Antero Resources Corp ($NYSE:AR)
Antero Resources Corp is an American natural gas and oil company engaged in the exploration, development, production, and acquisition of natural gas and oil properties located in the Appalachian Basin. As of December 31, 2020, the company had approximately 1.4 million net acres under lease in the states of West Virginia, Ohio, and Pennsylvania. Antero Resources is headquartered in Denver, Colorado.
The company’s market cap is 10.7B as of 2022. The company’s ROE is 15.98%.
– CNX Resources Corp ($NYSE:CNX)
CNX Resources Corp is an American energy company engaged in the exploration and production of natural gas and oil. They have a market cap of 3.37B as of 2022 and a Return on Equity of -34.12%. The company operates in the Appalachian Basin and is headquartered in Canonsburg, Pennsylvania.
– Chesapeake Energy Corp ($NASDAQ:CHK)
Chesapeake Energy Corporation is an American oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company is the second-largest producer of natural gas, the 11th largest producer of oil and natural gas liquids and the most active driller of onshore wells in the U.S. Headquartered in Oklahoma City, Chesapeake owns assets in the Eagle Ford, Haynesville/Bossier and Permian Basin shale plays in the United States. The company also operates in Canada, Appalachia and the Mid-Continent region.
Chesapeake Energy Corporation has a market capitalization of $11.94 billion as of March 2021. The company’s return on equity was 1916.84% as of December 2020. Chesapeake Energy Corporation is an American oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company is the second-largest producer of natural gas, the 11th largest producer of oil and natural gas liquids and the most active driller of onshore wells in the U.S. Headquartered in Oklahoma City, Chesapeake owns assets in the Eagle Ford, Haynesville/Bossier and Permian Basin shale plays in the United States. The company also operates in Canada, Appalachia and the Mid-Continent region.
Summary
EQT Corporation is an investment company that has recently seen an increase in interest from Allworth Financial LP, who acquired 1138 shares. Despite this uptick in attention, the stock price dropped on the same day. This could indicate a lack of confidence in the company from investors, although the current media exposure has been mostly positive. It is important for investors to conduct their own research and analysis before investing in EQT Corporation to ensure it is the right fit for their portfolio.
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