EQT CORPORATION Short Interest Decrease Signals Bullish Sentiment
December 28, 2023
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EQT ($NYSE:EQT) Corporation is a Pittsburgh-based energy company that has a diversified portfolio of investments in the natural gas industry. The company produces, distributes, and transports natural gas in the Appalachian Basin, which includes Pennsylvania, Ohio, West Virginia, and Tennessee. Recently, Knox Daily has reported a decrease in short interest in the EQT Corporation, which suggests that the market has a bullish sentiment on the company. Short interest is an important indicator of sentiment in the stock market. It represents the total number of shares sold short by investors. In a bull market, short interest goes down because investors expect the stock to rise.
This is good news for shareholders and prospective investors in EQT Corporation. The decline of short interest in EQT Corporation is yet another example of the strong performance of the company over the past year. With the continuing success of its natural gas production, EQT Corporation has become one of the leading players in the Appalachian Basin. As long as investors remain bullish on the company, they can expect to see continued success from EQT Corporation in the future.
Share Price
The short-term sentiment for EQT CORPORATION appears to be bullish, as evidenced by Tuesday’s trading activity. The stock opened at $39.0, and closed at $39.2, representing a 0.6% increase from the previous closing price of $39.0. This small uptick signals that investors have a positive outlook for the company, given the current market conditions. Consequently, the decrease in short interest could be interpreted as a sign that traders and investors are confident in EQT CORPORATION’s future prospects.
It is worth noting that the company has a number of fundamental catalysts in place that should support further increases in the share price over time. As such, this short interest decrease could be indicative of a longer-term bullish trend for the stock. 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
At GoodWhale, we conducted an analysis of EQT Corporation‘s fundamentals. Our Star Chart shows that EQT CORPORATION has an intermediate health score of 6/10 with regard to its cashflows and debt, indicating that it might be able to safely ride out any crisis without the risk of bankruptcy. We classify the company as ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. Investors who are looking for a steady, reliable income in the form of dividends may find EQT CORPORATION attractive, as it is strong in this category. For investors who are looking for growth-oriented investments, EQT CORPORATION would also be a suitable option as it is also strong in this area. Finally, with regard to asset and profitability, we rate EQT CORPORATION at a medium level – making it a good fit for investors looking for modest returns. 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
Investing in EQT Corporation (EQT) has been a subject of analysis among investors recently. According to the Knox Daily, a decline in short interest has indicated a Bullish sentiment. On the fundamental side, EQT’s revenue and earnings have increased significantly over the past year, increasing investor confidence.
The company has also generated strong cash flow, providing a healthy return on equity. Ultimately, EQT is an attractive stock for investors looking for long-term capital appreciation and stable dividend income.
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