Latest EQT Corp News and Updates
How Has Oasis Petroleum’s Stock Performed This Year?
Oasis Petroleum’s (OAS) stock has shown an uptrend for the most part of 2016. Its stock dipped between June 2016 and August 2016….
EIA Natural Gas Inventory Report – Important for Energy Investors
Analysts expected a natural gas inventory draw of 51 billion cubic feet (or Bcf) last week.
What Do Analysts Recommend for RICE after Its 1Q16 Results?
Following Rice Energy’s (RICE) 1Q16 earnings, Wall Street analysts updated their target prices for the company for the next 12 months.
Range Resources’ Valuation: How Does It Compare with Peers’?
In 4Q15, Range Resources was trading at higher price-to-book and price-to-sales multiples than peers.
EIA Projections for December 2015: Key US Shale Natural Gas Production
The EIA expects less natural gas production at four key US shales by December compared to October, but it expects production to rise at three key shales.
Why investors should closely watch natural gas inventory figures
Natural gas prices directly affect earnings for gas-weighted producers such as Chesapeake Energy Corporation (CHK), EQT Corporation (EQT), Southwestern Energy Company (SWN), and Range Resources Corporation (RRC).
Natural Gas Prices Are Trading Close to the Key Resistance
September natural gas futures contracts rose for the third day in a row. Natural gas prices have been trading close to the key resistance of $2.90 per MMBtu.
Why natural gas production trends are so important to prices
Record-high production levels have ensured that adequate supply of natural gas is available before the winter starts. The EIA anticipates that inventory levels will be 3,532 bcf by the end of this month.
Why EQT Stock Fell after Its 3Q17 Earnings
After EQT’s 3Q17 earnings release on October 26, its stock fell ~1.3%. The stock likely fell due to the 3Q17 revenue miss and fall in natural gas prices.
Hess’s Stock Performance: The Fall and the Rise
Hess’s (HES) stock started rapidly declining in the second half of 2015. This was due to weaker crude oil prices in the third and fourth quarters.
Why Did the EIA Cut Its Production Estimates for Natural Gas?
The EIA (U.S. Energy Information Administration) lowered its production estimates for natural gas. The fall in production corresponds to lower natural gas prices.
Tracking Natural Gas–Weighted Stocks after the Inventory Report
On December 13, 2017, natural gas (UNG) (BOIL) January futures rose 1.4% and closed at $2.715 per MMBtu (million British thermal units).
Short Interest Trends in Chesapeake Energy
On December 8, the short interest as a percentage of float, or the short interest ratio, for Chesapeake Energy (CHK) stock was ~18.6%.
Must-know: Crucial months unfold for natural gas prices
In its Short-Term Energy Outlook (or STEO) report, the U.S. Energy Information Administration (or EIA) forecasted higher natural gas prices this winter.
EQT’s Implied Volatility Trends: What We Can Expect
EQT’s (EQT) current implied volatility is 29%. While EQT’s peer Cabot Oil and Gas (COG) has a lower implied volatility of 21.7%, Chesapeake Energy (CHK) has a higher implied volatility of 52.6%.
Natural Gas Prices: Flat for the Second Day, Test a 5-Month Low
October natural gas futures contracts rose by 0.86% on September 24. Natural gas prices rose despite a larger-than-expected rise in the natural gas inventory.
COG’s Second-Quarter Revenue to Fall: Impact on Earnings
Cabot Oil & Gas (COG) plans to release its second-quarter earnings on July 27. Revenue estimates stand at ~$384.96 million.
Who’s Shorting Chesapeake: What We Can Infer from CHK Short Interest Trends
On July 21, 2017, the short interest ratio, or short interest as a percentage of float, for Chesapeake Energy (CHK) stock was ~23%.
The Word on the Street: What Analysts Are Saying about Rice Energy ahead of 1Q16 Results
About 73% of Street analysts rate Rice Energy a “buy,” while ~19% rate it a “hold,” and ~8% rate it a “sell.” The average broker target price is $18.93.
Cabot Oil & Gas: Short Interest Trends in Its Stock
On July 18, 2017, Cabot Oil & Gas’s (COG) short interest ratio was ~4.7%. At the beginning of the year, its short interest ratio was 4.2%.
How Does US Natural Gas Production Impact Prices?
PointLogic estimates that US dry natural gas production fell 0.7% to 80 Bcf per day on July 12–18. However, the production has risen 11% YoY.
Range Resources’ Production: Where Did It Come From?
For 4Q15, Range Resources’ production of ~1.4 Bcfe (billions of cubic feet equivalent) per day was ~12% higher than the ~1.3 Bcfe per day from 4Q14.
Rebound in Natural Gas Didn’t Help Gas-Weighted Stocks
On March 3, 2016, natural gas futures touched a 17-year low. From March 3, 2016, to March 13, 2017, natural gas rose 85.4% on a closing price basis.
Are Hedge Funds Reducing Bullish Bets on US Natural Gas?
Hedge funds cut their net long positions in US natural gas futures and options 44.8% to 24,984 on July 17–24.
Returns of Upstream Stocks with High and Low Implied Volatility
On November 15, Cobalt International Energy (CIE) had the highest implied volatility among the upstream stocks that are part of XOP. Its stock fell ~75.4% on a YTD (year-to-date) basis.
Key Updates on the EQT-RICE Merger
Under EQT Corporation’s (EQT) existing ownership, the company owns a 90% limited partner interest and non-economic general partner interest in EQT GP Holdings (EQGP).
Oil Rigs Are the Biggest Concern for Natural Gas
In the week ending November 10, 2017, the oil rig count rose by nine—the largest rise since June 30, 2017. Strong oil prices spurred the rise.
Natural Gas Consumption Fell in the Week to April 17
Last week, total US natural gas consumption decreased by 1.7% week-over-week. Consumption declined in the residential and commercial sectors by 5.2%.
How Range Resources and EQT Corporation Performed on December 28
Range Resources Corporation was the S&P 500’s second-best performer on December 28, 2017.
Natural Gas Rebound: Pick Gas-Weighted Stocks Carefully
On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3, 2016, to March 6, 2017, natural gas rose 76.8% on a closing price basis.
Energy Sector: Analyzing Key Events This Week
The EIA is scheduled to release its oil and natural gas inventory data on March 27–28, which could be a short-term driver for oil and natural gas prices.
Possible Mild Summer: Where Energy Investors Should Be Careful
Between May 19 and May 26, 2017, natural gas (UNG) July futures fell 1.3% and settled at $3.31 per million British thermal units on May 26.
Natural Gas Production Projected to Slow by July
The Bakken Shale is expected to witness a 3.3% drop in the next two months, the most significant decrease in natural gas production among the shales.
EQT: Analysts’ Recommendations for the Stock
For EQT (EQT), ~61% of the analysts rated the stock as a “buy,” while 39% rated it as a “hold.”
Must-know analysis of natural gas inventory report
On October 16, the U.S. Energy Information Administration (or EIA) reported a 94 billion cubic feet (or bcf) natural gas inventory build for the week ending October 10. Inventories increased to 3,299 bcf.
Weakest Upstream Stocks in the Week Ending September 28
Southwestern Energy (SWN) was the weakest upstream stock in the week ending September 28. Southwestern Energy fell 10.8% last week.
Analyzing Short Interest Trends in Chesapeake Energy’s Stock
Chesapeake Energy’s (CHK) short interest ratio on March 24, 2017, was ~15.02%. But its short interest ratio at the start of the year was ~11.6%.
Could Fall in Natural Gas Inventories Push Prices Higher?
In the week ended January 12, 2018, natural gas inventories declined by 183 Bcf (billion cubic feet) to 2,584 Bcf.
Chesapeake Energy Stock: Analyzing Short Interest Trends
Chesapeake Energy’s (CHK) short interest ratio on January 27, 2017, was ~1.1%.
EIA Upgrades US Natural Gas Production Forecasts for 2018, 2019
Pointlogic, a market intelligence company, estimates that US dry natural gas production increased 0.3% to 79.8 Bcf (billion cubic feet) per day from June 7 to June 13.
Cabot’s stock performance when commodity prices plummeted
Most of the stock performance declined as natural gas prices and oil prices declined. So did the energy sector ETF, the Energy Select Sector SPDR ETF (XLE).
What Were SPY’s Top Stocks?
The stocks at the top of the SPDR S&P 500 ETF (SPY) on January 7, 2016, were GAP (GPS), EQT (EQT), and Constellation Brands (STZ).
Rise in Natural Gas Isn’t Good for Gas-Weighted Stocks
On March 3, 2016, natural gas futures touched a 17-year low. From March 3, 2016, to March 20, 2017, natural gas rose 85.4% on a closing price basis.
What’s Moving in Your High Volatility Upstream Stocks Portfolio?
On December 5, 2016, Occidental Petroleum (OXY) had the lowest implied volatility among upstream stocks that are part of XOP.
Returns of Upstream Stocks with High and Low Implied Volatility
Cobalt International Energy stock fell ~76.3% on a YTD (year-to-date) basis, the steepest YTD fall among upstream stocks with the highest implied volatilities.
Natural Gas Prices Are Nearly Flat despite Warm Weather Estimates
Natural gas futures contracts for October delivery rose by 0.13%. Rising natural gas stocks will continue to put downward pressure on natural gas prices.
Are Natural Gas–Weighted Stocks Underperforming Natural Gas?
From October 9–16, 2017, our list of natural gas–weighted stocks fell 2.4% compared to a 4.0% rise in natural gas’s (GASL) (GASX) November futures.
Which Gas-Heavy Stocks Outperformed amid Falling Natural Gas?
Between February 10, 2017, and February 17, 2017, natural gas futures contracts for March 2017 delivery fell 6.6%.
A Look at the Rig Count and Natural Gas
On December 15, 2017, the natural gas rig count was 88.6% lower than its record high in 2008.
What’s Moving in Your High Volatility Upstream Stock Portfolio?
On December 9, 2016, Occidental Petroleum (OXY) had the lowest implied volatility among upstream stocks that are part of XOP.
Natural gas inventory figures crush analysts’ expectations
The U.S. Energy Information Administration reported a 112 Bcf natural gas inventory build for the week ending September 26.
Gauging EQT Corporation’s Capex and Free Cash Flow Trends
Let’s take a look at EQT Corporation’s (EQT) capex and free cash flow trends.
Latest Forecast for 2015 Natural Gas Consumption
Consumption declined across all sectors. Residential and commercial consumption led the decline, falling 23.3% compared to last week.
Natural Gas Prices Rise: Almost Flat on Rising Demand Estimates
NYMEX-traded natural gas futures contracts rose by 0.18% on August 26. Natural gas prices rose for the second day due to the warm weather consensus.
What’s the Short Interest for CHK Stock?
On September 29, 2017, short interest as a percentage of float, or the short interest ratio, in Chesapeake Energy (CHK) stock was 22.2%.
What Wall Street Analysts Are Saying about Diamondback Energy
As of March 4, 2016, about 85% of Wall Street analysts have rated Diamondback Energy (FANG) as a “buy,” and ~12% of analysts have rated it as a “hold.”
Chesapeake Energy’s Q2 2018 Results: Must-Knows
Chesapeake Energy (CHK) reported its second-quarter earnings today. The company reported revenue of ~$2.25 billion, narrowly missing analysts’ estimates.
Natural Gas Fell: Where Are Gas-Weighted Stocks Headed?
On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3 to October 24, 2016, natural gas rose 72.6% on a closing price basis.
Natural Gas Prices Rise Due to Hot Weather Estimates
October natural gas futures contracts trading in NYMEX rose by 2.07% on September 8. Natural gas prices rose for the second day due to hot weather estimates.
Chesapeake Energy: Why Are Analysts Passive?
For Chesapeake Energy (CHK), 50% of the analysts recommended a “hold,” 38% recommended a “sell,” and ~12% recommended a “buy.”
Returns of Upstream Stocks with High and Low Implied Volatility
Cobalt International Energy’s stock has fallen ~81.9% on a YTD basis—the steepest YTD fall among upstream stocks with the highest implied volatilities.
Chesapeake Energy Stock: Recent Short Interest Trends
The short interest as a percentage of float, or the short interest ratio, in Chesapeake Energy (CHK) stock was ~21.5% on October 20, 2017.
Why These Events Matter for Your Energy Portfolio
Last week, US crude oil April futures rose 4.1%, while natural gas April futures rose 2.8%.
Analyzing Gas-Heavy Stocks amid Falling Natural Gas Prices
From February 17–27, 2017, natural gas futures contracts for April 2017 delivery fell 8.8%. On March 3, 2016, natural gas futures touched a 17-year low.
Chesapeake Energy’s Implied Volatility: What Can We Forecast?
Current implied volatility for Chesapeake Energy’s (CHK) stock is 56.0%. EQT (EQT) and Noble Energy (NBL) have implied volatilities of 28.3% and 32.3%, respectively.
Chesapeake Energy’s Revenue and Profit Margin Trends
Chesapeake Energy’s (CHK) 1Q17 revenue rose ~41% YoY. In comparison, its YoY revenue growth was approximately -39.3% in 1Q16 and -50.4% in 4Q16.
What Do Analysts Expect for Upstream Energy Companies?
The 100-day moving averages of upstream companies’ stocks have shown strong resistance.
Analyzing Short Interest Trends in Chesapeake Energy Stock
On July 7, 2017, the short interest ratio in Chesapeake Energy (CHK) stock was ~15%. In January 2017, Chesapeake Energy’s short interest ratio was ~11.6%.
Noble Energy’s Production Guidance for 2016
For 1Q16, Noble Energy (NBL) expects total production to be in the range of 395–405 Mboed (thousand barrels of oil equivalent per day).
Analyzing Upstream Companies’ 100-Day Moving Averages
As of December 28, the 100-day moving averages of upstream companies’ stocks showed strong resistance. They were trading below their 20-day moving averages.
What to Expect from Noble Energy’s 1Q16 Earnings
Noble Energy (NBL) will release its 1Q16 earnings on May 4, 2016. Its 1Q16 revenue estimate is ~$868.3 million.
Natural Gas–Weighted Stocks That Tracked Oil Last Week
Between May 30, 2017, and June 6, 2017, most of our natural gas–weighted stocks had higher correlations with crude oil compared to natural gas.
Upstream Companies’ Moving Averages and Analyst Estimates
As of January 12, 2016, the 100-day moving averages of most upstream companies’ stocks showed strong resistance.
Why Magnetar Financial disposes position in EQT
The company missed on 4Q13 earnings and revenue back in February.
Key analysis: Latest natural gas inventory report
Changes in prices affect natural gas producers and natural gas inventory movements affect prices. Last week’s data are bullish for American gas producers.
Devon Energy’s Relative Valuation: A Comparison with Its Peers
Devon Energy’s (DVN) lower forward EV-to-EBITDA multiple compared to peers implies a valuation discount due to higher risk.
EIA’s 2015 Natural Gas Consumption Forecasts
The EIA forecasts that total natural gas consumption will average 75.7 Bcf/d in 2015 and 76.2 Bcf/d in 2016, compared to an estimated 73.5 Bcf/d in 2014.
Rice Energy’s Earnings Forecast: What to Expect for 1Q16
Rice Energy will release its 1Q16 earnings on May 4. The company’s 1Q16 revenue estimates stand at ~$197.5 million. Its revenue in 1Q15 was ~$109.5 million.
How Is Occidental Petroleum Managing the Falling Energy Prices?
According to Occidental Petroleum’s 3Q15 form 10Q filing, changes in energy prices affected its quarterly earnings by $30 million in crude oil.
Range Resources: A Look at Its Institutional Holdings
Range Resources (RRC) reported adjusted EPS of -$0.07 in the third quarter. Let’s talk about institutional investor activity in RRC in the quarter.
Should You Buy Natural Gas Futures amid COVID-19?
The volatility in Henry Hub gas prices might concern investors. You could look for natural gas-weighted stocks like EQT and Cabot Oil & Gas.
Oil and Dow Jones Could Move Inversely after Soleimani Killing
On January 2, Qassem Soleimani, a top Iranian Revolutionary Guard Corps general, was killed by a US drone strike in Baghdad.
Why natural gas prices cheer as winter starts
Natural gas prices started the week by increasing the most in four weeks. This was a result of cold weather forecasts. Prices jumped 4% to close at $4.04 MMBtu on Monday.
A Way Forward for Chesapeake after Last Week’s Slide?
Last week, Chesapeake Energy stock (CHK) fell 15.9%, marking its fourth consecutive weekly decline. Here’s the outlook for this week.
Chesapeake Energy: What’s the Latest Outlook?
On November 15, Chesapeake Energy closed at $0.7. On November 12, the company made an intraday low of $0.63—the lowest level since March 1999.
Where Is US Crude Oil Headed? An Energy Update
On August 30, US crude oil October futures settled at $55.1 per barrel. On a week-over-week basis, US crude oil prices rose 1.7%.
August 23 EIA Report: Will Natural Gas Prices Rise?
Henry Hub natural gas prices rose 2.79% after the EIA released its natural gas inventories for the week ended August 23. The EIA reported a rise of 60 Bcf.
Natural Gas Prices: Will the $2 Wall Collapse?
On August 8, natural gas prices rose 2.2% and settled at $2.13 per MMBtu. The United States Natural Gas Fund LP (UNG) rose 1.7%.
Will Natural Gas Fall More after EIA Inventory Data?
On Tuesday, natural gas September futures rose 1% and closed at $2.137 per MMBtu. On Monday, the prices settled at the lowest level since May 26, 2016.
Why EQT Stock Dropped after Its Q2 Earnings
On July 25 at 1:53 ET, EQT Corporation (EQT) stock was down 7.8% in the wake of its second-quarter earnings release.
Chesapeake Energy: Key Drivers Before Q2 Earnings
Chesapeake Energy’s (CHK) second-quarter earnings results are expected on August 6. The company will likely report an adjusted net loss of 6 cents per share—compared to a loss of 2 cents in the previous quarter. In the second quarter of 2018, Chesapeake Energy reported an adjusted net income of 15 cents per share. On May […]
What Do Natural Gas Fundamentals Suggest for 2H 2019?
For the rest of this year, Henry Hub natural gas spot prices will be at a mean price of 2.50 per million British thermal units.
Higher EIA Inventory Might Impact Natural Gas Prices
On Thursday, the EIA is scheduled to release its natural gas inventory report for the week ending July 5.
Range Resources: What Do Analysts Recommend?
On June 14, BMO reduced its target price on Range Resources by $2 to $6. On June 12, Citigroup reduced its target price by $4.5 to $7.5.
EQT: Top Underperformer in the Energy Sector
Last week, upstream stock EQT (EQT) fell the most among the stocks in the energy space. Last week, natural gas prices fell 8.9%. EQT operates with a production mix of ~95% in natural gas.
Top Upstream Losses in the Trailing Week
On November 12–19, upstream stock EP Energy (EPE) fell the most on our list of upstream energy stocks.
Upstream Stocks Were among the Top Energy Gainers Last Week
On November 2–9, midstream stock Western Gas Partners (WES) gained the most on our list of energy stocks.
About 67% of Analysts Rate Cabot Oil & Gas Stock as a ‘Buy’
Approximately 67% of the analysts covering Cabot Oil & Gas (COG) rate the stock a “buy.” The remaining 33.0% rate COG as a “hold.”
Record US Natural Gas Production Kept a Lid on the Prices
PointLogic estimates that US dry natural gas production increased 0.5% to 81 Bcf (billion cubic feet) per day on July 19–25.
Smaller Rise in US Natural Gas Inventories Helped the Prices
The EIA reported that US natural gas inventories increased by 24 Bcf (billion cubic feet) to 2,273 Bcf on July 13–20.