EQT CORPORATION: US natural gas prices continue to tumble

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EQT ($NYSE:EQT) Corporation is a publicly traded company that produces, gathers, and processes natural gas in the United States. The company is headquartered in Pittsburgh, Pennsylvania. EQT’s stock price has been under pressure in recent weeks as U.S. natural gas prices have tumbled. Monday’s 11% decline extends last week’s selloff, after forecasts for milder weather across the U.S. pressured prices. EQT has been one of the biggest beneficiaries of the U.S. shale boom, as the company’s operations are focused in the Appalachian Basin, which is rich in natural gas resources. EQT is the largest producer of natural gas in the U.S., and its stock price has soared in recent years as the company has ramped up production.

However, the recent decline in natural gas prices poses a challenge for EQT, as the company’s profits are directly tied to the price of gas. EQT will likely continue to feel pressure on its stock price as long as natural gas prices remain weak.

Share Price

On Tuesday, EQT Corporation stock opened at $36.8 and closed at $36.9, down by 0.4% from last closing price of 37.1. At the time of writing, news coverage on the company was mostly negative. The main reason for the decline appears to be continued falling prices for natural gas in the United States. The company has been working to cut costs and improve efficiency in order to weather the storm, but it remains to be seen how long the current slump in prices will last. Live Quote…

About the Company

VI Analysis

EQT Corporation is a publicly traded company with a medium risk rating. The company’s fundamentals reflect its long term potential, and the company has been flagged by VI App for two risk warnings in its income sheet and balance sheet. However, overall the company is a relatively safe investment. 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

Investing in EQT Corporation may be a good idea for investors who are looking for exposure to the natural gas industry. The company is one of the largest producers of natural gas in the United States, and its shares have been relatively stable in recent years. EQT Corporation is a large, diversified company with a strong balance sheet, and it should be able to weather any further declines in natural gas prices.