EQT Corporation upgraded to Buy from Hold at Tudor Pickering » 08:1205/0705/07/21
Tudor Pickering analyst…
Tudor Pickering analyst Sameer Panjwani upgraded EQT Corporation to Buy from Hold with a $24 price target.
|Over a week ago|
EQT Corporation to acquire membership interests in Alta subsidiaries for $2.93B » 07:5005/0605/06/21
EQT Corporation announced…
EQT Corporation announced that it has entered into a purchase agreement with Alta Resources Development, pursuant to which EQT will acquire all of the membership interests in Alta's upstream and midstream subsidiaries for approximately $2.93B, subject to customary closing adjustments. The transaction is expected to close in Q3, with an effective date of January 1. The total purchase price for the transaction is $2.93B, consisting of $1B in cash and approximately $1.93B in EQT common stock issued directly to Alta's shareholders. The company expects to fund the $1B of cash consideration with cash on hand, drawings under its revolving credit facility and/or through one or more debt capital markets transactions, subject to market conditions and other factors. The stock consideration consists of approximately 105M shares of EQT common stock representing $1.93B, based on the 30-day volume-weighted average price as of May 5. The transaction was unanimously approved by the board of directors. EQT shares issued as part of the transaction will be distributed directly to Alta shareholders, which represent a diverse set of financial institutions and individuals. No Alta shareholder will receive more than 5% of EQT's pro forma outstanding shares of common stock in connection with the transaction. The transaction is expected to close in Q3, subject to satisfaction of customary closing conditions, including the approval by EQT's shareholders of the issuance of the common stock consideration. All post effective date purchase price adjustments will be netted against the stock consideration and are expected to result in a reduction of approximately 11M shares issued at closing.
EQT Corporation reports Q1 adjusted EPS 30c, consensus 26c » 17:0405/0505/05/21
Reports Q1 revenue…
Reports Q1 revenue $949.92M, consensus $1.09B.
EQT Corporation sees Q2 normalized FFO 67c-71c, consensus 69c » 16:2704/2704/27/21
The company said,…
The company said, "The difference between the first quarter 2021 actual EPS of $0.15 and the second quarter of 2021 EPS guidance midpoint of $0.68 is due primarily to higher expected property sale gains and lower expected corporate overhead. The difference between the first quarter 2021 actual FFO of $0.67 per share and the second quarter of 2021 FFO guidance midpoint of $0.68 per share is due primarily to lower expected corporate overhead. The difference between the first quarter 2021 actual Normalized FFO of $0.68 per share and the second quarter of 2021 Normalized FFO guidance midpoint of $0.69 per share is due primarily to lower expected corporate overhead."
|Over a month ago|
EQT Corporation assumed with a Buy at Goldman Sachs » 07:1303/2303/23/21
Goldman Sachs analyst…
Goldman Sachs analyst Neil Mehta assumed coverage of EQT Corporation with a Buy rating and $22 price target. The analyst assumed coverage of the Exploration and Production space while leaving ratings, price targets and estimates unchanged.
EQT Corporation price target raised to $22 from $18 at Piper Sandler » 06:1003/1503/15/21
Piper Sandler analyst…
Piper Sandler analyst Kashy Harrison raised the firm's price target on EQT Corporation to $22 from $18 and keeps an Overweight rating on the shares.
EQT Corporation price target raised to $24 from $20 at TD Securities » 12:4802/1802/18/21
TD Securities analyst…
TD Securities analyst Aaron Bilkoski raised the firm's price target on EQT Corporation to $24 from $20 and keeps a Buy rating on the shares.
EQT Corporation sees Q1 total sales volume 405-425 Bcfe » 06:3902/1702/17/21
Sees FY21 total sales…
Sees FY21 total sales volume 1,620-1,700 Bcfe.
EQT Corporation reports Q4 adjusted EPS (2c), consensus (25c) » 06:3802/1702/17/21
Reports Q4 revenue…
Reports Q4 revenue $1.25B, consensus $891.33M. Reports Q4 sales volume 401 Bcfe. Reports Q4 total per unit operating costs of $1.30/Mcfe, 14c lower than Q3 and below guidance.
|Over a quarter ago|
Ashland to acquire personal care business from Schulke & Mayr for EUR262.5M » 07:3701/1901/19/21
Ashland Global Holdings…
Ashland Global Holdings announced that Ashland has signed a definitive agreement to acquire the personal care business from Schulke & Mayr GmbH, a portfolio company of the global investment organization EQT. Under the terms of the agreement, Ashland will pay EUR262.5M in an all-cash transaction, which is expected to be completed before the end of the June quarter subject to customary closing conditions and required regulatory approvals. The transaction will be funded with bank financing and available cash and become immediately accretive to Ashland's earnings per share. The acquisition is consistent with Ashland's strategic positioning as a premier specialty additives supplier and strengthens the company's consumer business portfolio. The move also advances Ashland's environmental, social and governance agenda for personal care and household applications. Citi is acting as financial advisor to Ashland, and Squire Patton Boggs LLP is acting as legal advisor.