Value Portfolio Report: EQT Corp Moves to Sell/Watch

EQT Corporation (EQT Moves to Sell Watch Consideration List!

Comments:  EQT Corporation conducts its business through three business segments: EQT Production, EQT Midstream and Distribution. EQT Production is one of the largest natural gas producers in the Appalachian Basin with 5.4 Tcfe of proved reserves across 3.5 million acres, including approximately 530,000 acres in the Marcellus play. EQT Midstream provides gathering, transmission and storage services for the Company’s produced gas and to independent third parties in the Appalachian Basin. Distribution, through its regulated natural gas distribution subsidiary, Equitable Gas Company, LLC, distributes and sells natural gas to residential, commercial and industrial customers in southwestern Pennsylvania, West Virginia and eastern Kentucky, operates a small gathering system in Pennsylvania and provides off-system sales activities which include the purchase and delivery of gas to customers.

The stock has reached 130.4% FV which breaches the 130% FV mark for consideration of a sell. Once placed on the Sell Watch list the stock will be monitored for a reversion directional change and moved up to the Sell Consideration List.

The company is rated an A+ on MAB Sensitivity (Merged Acquired Bought) placing it in the top 5% in terms of probability of such an event occurring. If the stock continues above FV without a reversion directional change we would expect the company to be a buyer using their stock as a currency. It is currently ranked #474 out of the S&P 500 Index®. The company is trading at an all-time high at $78.45/share.

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By | 2016-06-23T11:23:03+00:00 June 23rd, 2016|Categories: Money Basics|Tags: |0 Comments

About the Author:

Steven Albrecht was the President and CEO of Charter Trust Company from 2001-2016

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