EQT Corporation Sees Natural Gas Futures Soar on Colder Weather Outlook
January 16, 2023
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EQT ($NYSE:EQT) Corporation is a leading energy company that produces, gathers, processes and distributes natural gas and crude oil in the United States. They are headquartered in Pittsburgh, Pennsylvania and are publicly traded on the New York Stock Exchange. Monday has seen a sharp increase in natural gas futures, as traders take advantage of the low prices that had been recorded last week. This is due to weather reports pointing to a colder climate in the U.S. in the coming weeks. As a result, natural gas demand is expected to increase, driving up prices. Investors in EQT Corporation have taken note of this, and the stock has seen a jump in trading volume as traders attempt to capitalize on the rising prices of natural gas. EQT Corporation is well positioned to benefit from the increase in natural gas prices, as they have a large portfolio of natural gas assets and infrastructure.
EQT Corporation has also been actively expanding their operations, recently announcing the acquisition of Rice Energy. This acquisition will help EQT expand its presence in the Appalachian Basin and further increase their access to natural gas resources. This move could be beneficial as increased access to natural gas resources could help EQT to better capitalize on rising prices. All in all, EQT Corporation has seen natural gas futures soar on colder weather outlooks, which could prove beneficial to investors. With the acquisition of Rice Energy and a large portfolio of natural gas assets, EQT Corporation is well positioned to take advantage of the increasing prices of natural gas.
Stock Price
Media sentiment has been largely positive, with investors focusing their attention on the potential for increased demand of natural gas. The company opened at $34.1 and closed at $34.7, up by 4.0% from last closing price of 33.3. The market responded favorably to the news that a colder weather forecast is likely to increase demand for natural gas. This is due to the fact that natural gas is used to power heating systems in homes across the United States. As temperatures are expected to drop, more households are likely to turn to natural gas as a source of heat.
In addition, the colder weather will also result in increased demand for other energy sources that use natural gas as a feedstock such as electricity and chemical production. This could result in a further increase in demand for the company’s products and services. The news of the colder weather outlook has spread enthusiasm amongst investors, with many expecting the company’s stock to continue to rise as demand for natural gas increases. It remains to be seen if EQT Corporation can capitalize on this opportunity and take advantage of the market’s current optimism. 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
Investing in strong companies with a competitive advantage is a good way to maximize returns and reduce risk. EQT Corporation is an example of such a company, classified as a ‘gorilla’ according to the VI Star Chart. This classification reflects its long-term potential, seen in its stable and high revenue or earning growth. EQT Corporation is an ideal investment for those seeking a long-term return. Its intermediate health score of 6/10 indicates the company is in good financial shape and has the ability to withstand a crisis without bankruptcy risk. Furthermore, its strong growth, medium asset, dividend and profitability scores make it an attractive option for investors. EQT Corporation’s fundamentals are clear reflections of its potential and why it is a good option for investors. Its strong competitive advantage, healthy balance sheet and good scores across the board make it an attractive investment for those looking for long-term returns. 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 recently saw their natural gas futures soar as the weather outlook turns colder. The media sentiment surrounding the company has been largely positive, and this has been reflected in their stock price, which has seen an increase on the same day. Investors looking to invest in EQT Corporation may want to consider the potential of increased gas usage due to colder weather and the positive media sentiment surrounding the company. It is important to conduct further research into the company and its operations to ensure that it is a good fit for your investment portfolio.
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