Shares of natural gas giant EQT Corp (NYSE:EQT) pulled back from their Feb. 19 peak of $56.66 -- the stock's highest level in more than a decade -- before finding support at the 100-day moving average near $45 in early March.
EQT (EQT) reported earnings 30 days ago. What's next for the stock?
The Investment Committee give you their top stocks to watch for the second half.
With a premier inventory, disciplined financial strategy and industry-leading operational efficiency, EQT stands out as the dominant force in U.S. natural gas production.
EQT Corporation mentions that production of natural gas has increased, however, the pipeline capacity is not enough to transport the commodity per the needs.
The headline numbers for EQT (EQT) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
EQT (EQT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how EQT Corporation (EQT) and Berry Petroleum (BRY) have performed compared to their sector so far this year.
EQT Corp. has demonstrated strong operational performance, exceeding Q4 2024 guidance with higher production and lower CAPEX, leading to increased capital efficiency and free cash flow. The acquisition of Equitrans has resulted in cost synergies and enhanced EQT's ability to manage production and transportation costs, further boosting profitability. With favorable natural gas pricing and strategic hedging, EQT is well-positioned to generate significant free cash flow, justifying a raised target price of $70 per share.
EQT's latest acquisition lowered costs. The cold winter will significantly boost Q1 profits due to rising natural gas prices. Anticipated long-term natural gas price recovery and potential global market integration present a promising future for EQT.
A strong beat on the profitability front was the news pushing EQT's (EQT 0.85%) stock upward on Wednesday. That was the highlight of the natural gas producer's fourth-quarter report, and it helped its stock land in positive territory with a nearly 1% gain on the day.
EQT Corporation (NYSE:EQT ) Q4 2024 Earnings Conference Call February 19, 2025 10:00 AM ET Company Participants Cameron Horwitz - Managing Director, Investor Relations and Strategy Toby Rice - President and Chief Executive Officer Jeremy Knop - Chief Financial Officer Conference Call Participants John Abbott - Wolfe Research Arun Jayaram - J.P. Morgan Kalei Akamine - Bank of America Merrill Lynch Neil Mehta - Goldman Sachs Josh Silverstein - UBS Roger Reed - Wells Fargo John Ennis - Texas Capital Scott Hanold - RBC Jacob Roberts - TPH Michael Scialla - Stephens Bert Donnes - Truist Securities Operator Thank you for standing by.