Asset Management One Co. Ltd. Divests 9187 Shares of EQT Corporation
May 2, 2023
Trending News ☀️
Asset Management One Co. Ltd., a global asset manager, recently announced the divestment of 9187 shares of EQT ($NYSE:EQT) Corporation. EQT Corporation is a publicly owned natural gas production and midstream operations company based in Pittsburgh, Pennsylvania. The company operates through the following segments: EQT Production, EQT Gathering, EQT Transmission, EQT Storage, EQT Midstream, and Rice Midstream. The company is one of the largest producers of natural gas in the United States with operations primarily concentrated in the Appalachian Basin. EQT Corporation focuses on delivering sustainable value to shareholders by efficiently operating its assets and delivering results through innovative solutions for all of its stakeholders. EQT Corporation also provides diversified energy services related to natural gas production and delivery.
These services include exploration and production, reservoir engineering and evaluation, drilling, completion, gathering and compression, transportation and storage, and midstream services. EQT Corporation’s stock is traded on the New York Stock Exchange under the ticker symbol EQT. The sale of these shares by Asset Management One Co. Ltd. signifies a confidence in the company’s future success as an energy provider in the region. With a strong portfolio of assets and a commitment to providing sustainable value to its shareholders, EQT Corporation is well positioned to remain a leader in the industry.
Market Price
The divestment caused the stock of EQT Corporation to open at $34.4 and close at $34.3, representing a decrease of 1.6% from its last closing price of $34.8. This divestment follows the company’s recent strategic move to shift its focus away from fossil fuel-related assets. Despite the decrease in the stock value, analysts remain cautiously optimistic about EQT Corporation’s future prospects due to its diversified portfolio and continued commitment to sustainability. 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 |
| 11.48k | 4.51k | 46.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Eqt Corporation. More…
| Operations | Investing | Financing |
| 4.11k | -1.42k | -699.13 |
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 |
| 22.67k | 11.46k | 30.58 |
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 |
| 52.4% | 410.2% | 53.3% |
| FCF Margin | ROE | ROA |
| 22.0% | 34.2% | 16.9% |
Analysis
At GoodWhale, we recently conducted an analysis of EQT CORPORATION‘s financials. Upon completion of our analysis, we have assigned a Risk Rating of medium to this investment. Our assessment of the company’s financial and business aspects concluded that there is a moderate level of risk associated with investing in the company. Furthermore, our analysis also revealed two risk warnings in the income sheet and balance sheet. To learn more about these risks, we invite you to register on our website, GoodWhale.com. We will provide deeper insight into the company’s financials and the associated risks. More…
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 energy firm with a focus on natural gas production, transmission, and distribution. Its shares are publicly traded on the New York Stock Exchange. Investors should pay close attention to the company’s financial performance, risk profile, and operational outlook before investing.
Additionally, analysts have been monitoring the company’s stock prices to determine whether it is undervalued or overvalued relative to its peers. By studying the company’s balance sheet, income statement, and cash flows, investors can gain valuable insight into the potential direction of EQT Corporation shares in the future.
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