EQT Corp Sees Short Interest Increase to 26.06 Million Shares on October 30th
December 10, 2023
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EQT ($NYSE:EQT) Corporation is an American energy company headquartered in Pittsburgh, Pennsylvania. They are one of the largest natural gas producers in the United States and have operations in Pennsylvania, West Virginia, Ohio, and Virginia. On October 30, 2023, the Knox Daily reported that the short interest of EQT had risen to 26.06 million shares. This showing was a five percent increase in the company’s short interest over the course of the month. The increase in short interest can be attributed to investors who are expecting a decrease in the company’s stock price. The increase in short interest represents a potential risk for EQT Corporation as a large increase in short positions could put pressure on the price of their stock.
However, if the company’s stock does drop, it could provide an opportunity for investors to buy in at a lower price.
Additionally, if the company’s stock begins to rise again, the increase in short interest could backfire as those investors would be subject to losses. EQT Corporation has been investing heavily in its development operations to meet increasing demand for natural gas and oil. Their recent investments and acquisitions have allowed them to expand their operations to other states and develop new technologies to improve their operations. The company’s future remains uncertain due to the increased short interest, but its current investments and expansion plans may still pay off in the future.
Price History
On Monday, the stock opened at $40.5 and closed at $40.2, down by 1.5% from last closing price of 40.8. Investors seem to be concerned about the company’s declining earnings and future growth prospects. EQT Corporation is facing tough competition from other energy infrastructure companies and is struggling to remain competitive in the market. Despite these challenges, the company has managed to maintain a strong financial position with a healthy balance sheet and ample liquidity. 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 |
| 6.27k | 2.95k | 22.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Eqt Corporation. More…
| Operations | Investing | Financing |
| 3.62k | -4.18k | 537.67 |
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 |
| 24.55k | 10.35k | 34.53 |
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 |
| 33.0% | 410.2% | 62.6% |
| FCF Margin | ROE | ROA |
| 28.4% | 18.7% | 10.0% |
Analysis
GoodWhale has conducted an analysis of the fundamentals of EQT CORPORATION and found that its intermediate health score is 6/10, meaning that it might be able to sustain future operations in times of crisis. In terms of its other fundamentals, EQT CORPORATION is strong in dividend and growth, and medium in asset and profitability. Based on this assessment, we have classified EQT CORPORATION as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given this assessment, investors who are looking for steady dividend returns, moderate but strong growth, and companies with good financial health could consider investing in EQT CORPORATION. Additionally, investors who are looking to invest in established companies that are resilient to economic downturns can also find EQT CORPORATION attractive. 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 and natural resources company with operations primarily in the Appalachian Basin. Analysts suggest that the rapid rise in short interest indicates that the market is expecting a decrease in the share price of EQT, as investors believe that the current share price does not accurately reflect the company’s performance. Investors should further monitor the company’s share price to gauge whether the short interest will continue to increase or if the market sentiment will remain positive. In any case, it is important to consider any potential risks associated with investing in EQT before making any decisions.
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