EQT trade ideas
EQT Corporation (EQT) Analysis Company Overview:
EQT Corporation NYSE:EQT is the largest natural gas producer in the United States, headquartered in Pittsburgh, PA, and focused on the prolific Appalachian Basin. The company’s strategy centers on operational excellence, disciplined financial management, and maximizing shareholder value.
Key Growth Catalysts
Streamlined Operations Through Asset Sale:
$1.25 Billion Sale: EQT recently sold non-operated assets in Northeast Pennsylvania, enabling it to concentrate on core, higher-margin operations.
This transaction is expected to enhance cash flow by reducing operating complexities and interest expenses.
Debt Reduction and Financial Flexibility:
Proceeds from the asset sale were allocated to reduce borrowings under the revolving credit facility, lowering leverage and enhancing the company’s ability to invest in future opportunities.
The improved balance sheet strengthens EQT’s resilience amid commodity price volatility.
Mizuho's Upgrade:
Following these strategic moves, Mizuho upgraded EQT’s rating from Neutral to Outperform, reflecting growing confidence in EQT’s long-term potential.
Operational Efficiency Under CEO Toby Rice:
Toby Rice has emphasized global competitiveness through acquisitions, cost optimization, and innovation, aligning EQT with the evolving energy landscape.
Focus on technology and automation further boosts operational efficiency and competitiveness.
Market Position and Strategic Vision
Leadership in Natural Gas:
EQT is well-positioned to capitalize on growing demand for low-cost, low-emission natural gas in domestic and international markets, particularly in light of the global shift toward cleaner energy sources.
Operational Optimization:
The company's emphasis on enhancing drilling efficiencies and leveraging advanced technology supports sustainable growth and margin expansion.
Global LNG Opportunity:
With increasing liquefied natural gas (LNG) exports, EQT has significant upside potential to meet rising global energy needs.
Financial and Stock Outlook
Bullish Momentum Above $40.00-$41.00:
EQT’s current strategic initiatives provide a solid foundation for sustained growth.
Upside Target: $65.00-$67.00, supported by improving fundamentals and investor confidence.
Valuation and Investor Appeal:
EQT’s streamlined operations, robust cash flow potential, and debt reduction efforts make it an attractive option for growth-oriented investors.
Conclusion:
EQT Corporation is well-positioned for long-term growth, supported by strategic asset sales, enhanced financial flexibility, and operational excellence. Its leadership in the natural gas market and focus on global competitiveness make it a compelling investment opportunity.
📈 Recommendation: Bullish on EQT above $40.00-$41.00 with a target of $65.00-$67.00.
EQT Corporation. Oil Gas & Consumable FuelsKey arguments in support of the idea.
▪ Rising natural gas prices.
▪ Undervaluation.
Investment Thesis
EQT Corporation is one of the largest natural gas producers in the US. Natural gas
constitutes over 90% of the Company's hydrocarbon revenues, with LPG sales
comprising 8% and oil contributing 2%. EQT Corporation operates solely in the US
market, which accounts for 100% of its revenue.
In our view, the Company's stock could face potential gains in the coming months
due to several positive factors.
Rising natural gas prices. In the US, power generation companies are gearing up
for peak gas demand as summer temperatures drive up the need for cooling. Based
on the latest data from the US Department of Energy, gas consumption by power
facilities is set to climb 9% m/m in July, hitting 45.2 billion cubic feet per day
(Bcf/d), followed by a further 2% uptick expected in August. Overall gas
consumption in the US could rise by 4% and 2% m/m in July and August,
respectively. The anticipated increase in demand could push gas prices to $3 per
MMBtu (+30% from current levels), which would likely have a positive effect on the
financial performance of gas producers.
Undervaluation. At present, gas-producing companies are undervalued based on
multiples, primarily due to higher debt levels and lower shareholder payouts
compared to oil companies. Debt reduction and increased payouts could lead to a
significant revaluation in favor of gas producers. EQT's estimated EV/EBITDA ratio
for 2024 is 6.8. Notably, the Company has been progressively enhancing its
dividends, with a potential dividend yield of 1.7% by the end of 2024 based on
current prices.
We maintain a Buy rating on EQT stock with a price target of $39.8. A stop-loss
order is recommended at $34.4.
Natural Gas - Time to buy? Natural Gas is going through some much needed consolidation.
Holding above the 50 & 200 MA, a golden cross is setting up.
Typically golden cross signals see sellers in the near term before medium and ling term buyers step in.
Nat gas equities have been struggling lately and appear to be needing to go a touch lower until they are ready for a larger move.
Our members just took 21% win on our AMEX:KOLD short.
Rothschild & Co.'s Five Arrows Acquires Rimes: A Strategic MoveRothschild & Co.'s alternative assets unit, Five Arrows, recently made a strategic acquisition by purchasing Rimes from Swedish investment firm EQT. Rimes, a leading provider of enterprise data management and investment intelligence solutions, has been a significant player in the investment industry, empowering asset managers to efficiently handle market data.
The deal marks a significant milestone in Rimes' journey, which has been bolstered by EQT's support since 2020. Under EQT's ownership, Rimes experienced notable growth, expanding its technology offerings and acquiring Matrix IDM, an Australian investment data management platform. Additionally, Rimes ventured into AI with the establishment of a dedicated product division last year.
Five Arrows' decision to acquire Rimes underscores its commitment to the alternative assets space. With global assets under management exceeding €26 billion, Five Arrows is well-positioned to leverage its long-term fund FALT and principal investments division FAPI to facilitate the acquisition. The transaction, expected to close in the coming months pending regulatory approval, holds promise for both parties.
Brad Hunt, CEO of Rimes, expressed optimism about the acquisition, emphasizing its potential to propel Rimes' growth trajectory. Meanwhile, FAPI partners Vivek Kumar and Sacha Oshry highlighted Five Arrows' intention to unlock new avenues of growth for Rimes.
As the transaction unfolds, industry observers eagerly anticipate how Five Arrows' strategic vision will shape Rimes' future. The move underscores the evolving landscape of data management and investment intelligence, signaling potential shifts in the competitive dynamics within the sector.
In conclusion, Five Arrows' acquisition of Rimes marks a pivotal moment for both companies, poised to catalyze growth and innovation in the ever-evolving realm of enterprise data management and investment solutions.
EQT Breakout on watch!This Nat Gas resource stock is signaling bullish price action.
The way energy stocks have been moving makes this Nat gas trade more likely to play out.
EQT triggering bullish short term patterns and developing very bullish long term pattern.
EQT projected earnings growth of 95.06%, from $2.43 to $4.74EQT is one of the largest natural gas producers in the US, with a strong market position and recent strategic acquisitions that could contribute to its growth.
There is a projected earnings growth of 95.06%, from $2.43 to $4.74 per share, which could drive the stock price up
Earnings for fun EQT Spike up 13% & back downI let my pendulum pick from earnings tonight & for whatever reason, I get this one.
My intuition gives me a big heart, which is my symbol for up & the number 13 very clearly for percent.
Dowsing confirms up with 13 as well, but says it'll be a spike up and reverse down. SO may be a short opportunity if it gets up to the indicated zone. This is just for fun and practice for me.
EQT - Short PositionWe can see that price had a hard time breaking through 44-45 zone in which the price sharply dropped to the 38 area.
I have been patiently waiting for a rebound to a more favourable zone for entry. And now its here.
Today we have the Fed talking, as well as the market has been bullish since open. And most might argue that this is a risky setup going against the current momentum. However, I am still bearish until proven otherwise, and I only follow my trade plan. And you should follow yours.
I want the big move down, and to keep my risk low, I will enter OTM puts, and will close once/if price reaches close to $38. If I happen to be wrong, so be it. Loss is a fraction of what the profit goal is. Risk management is key.
#Options - Beginning of Dec expiry
$EQT: May Fall With Natural GasLooking to see if NYSE:EQT and natural gas will take a dip here. The break below 42.5 seem decisive enough for me to consider that we may probe lower especially after looking at natural gas contracts in December expiration.
Natural Gas - Bullish Close Natural Gas just closed above the daily 200 MA for the first time since Nov 2022.
This could signify a big shift in the Nat Gas market and may trigger funds to start accumulating in the long side as they boil full portfolio positions.
EQT- Going LongAfter being shorted to the N'th degree, and finally breaking out of the downwards channel EQT has been holding, EQT is seemingly consolidating here within a symmetrical triangle, as buyers continue to step in.
After breaking out of the downtrend, EQT has formed an inverse head and shoulders on the daily timeframe, along with finding support right in the FIB golden pocket, accompanied by a SMA golden cross. (See Attached Chart Below)
Will be keeping a close eye on the daily timeframe to start building a position in some synthetic longs and/or leaps. Bullish and am looking for another push upwards from here.
E-cutieAll year EQT, an unloved natural gas producer has been a swing trader's paradise. I've harvested so many gains from these E-cutie trees I thought I'd make a thread just for it and post trading updates.
The macro technical picture is clear. Years of being battered by shorts ended with capitulation in 2020, followed by a swift rebound. Fundamentals are tightening. According to analysts, $25 is fair price for $2.50 NG price. Goldman Sachs has a $23ish target. Price action is showing signs of bottoming. It's lining up but this is much more profitable short term swings.
Currently, price is building a base at previous long term support around $18. More downside is certainly a possibility given that NG prices look overvalued. But, EQT is in a channel and fundamentally undervalued. Investors might front run this sector as demand picks up in later in the year, in which EQT will likely be closer to $25.
s3.tradingview.com
Long EQT
+200 @ 18.10
$EQT: More of a push off 40?Watching EQT for potentially more of bounce here in the short term following that break of 40
EQT CORPORATION new bullish for expect
Hi viewers, EQT price on zone, in last periods bullish push we are have, currently here break expecting to see and new short bullish push
TP1:39
TP2:41
Fibonacci SupportThe rise since 4th May has been corrected now by 50%. I consider this as a good opportunity to by. Due to the rise above the Moving average on May 12th we are in an uptrend now which has not been violated. The test of the MA today confirms the trend. And the intermediary high on February 27th may be seen as a hidden support. The more that this level was a decisive support 1 year ago already.
EQT - Maintaining An Up ChannelA tight up channel has formed and price looks like a double top but I do think it will continue up along the up channel.
EQT long idea into jan 2024Long idea on EQT into new year. Natural gas production.. potential downside scenario out of regression channel
EQT | Great Entry Point | LONGEQT Corporation operates as a natural gas production company in the United States. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, natural gas liquids, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play. The company was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania.
$EQT Working on a Pivot$EQT starting to shape up here.
I traded the stock back on 08/09 in its handle pivot.
You can see the trade entry and exist on the chart (green/red arrows)
$EQT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $EQT after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
