EQT Corporation’s stock performance
EQT Corporation’s (EQT) stock was pretty volatile in 2017, as you can see below, mostly declining in 1H17 and looking relatively shaky in 2H17. Following the news of the Rice acquisition on November 13, EQT stock fell ~6.2%.
EQT’s stock movements have mostly been tracking natural gas price (UNG) movements, as you can see in the graph above. However, on a year-over-year basis, EQT’s returns have been lower than natural gas prices.
EQT has also underperformed the broader market ETF, the S&P 500 ETF (SPY)(SPX-INDEX), which has given a return of 25.5% year-over-year.
The EQT-Rice deal was one of the largest upstream acquisitions by dollar value in 2017. To learn about the top five M&A (mergers and acquisitions) in 2017, see These Have Been the Top 5 Energy M&A Deals So Far This Year.