EQT Corp. stock slips 1.99% but outperforms rivals in market losses
Updated
Updated · MarketWatch · May 7
EQT Corp. stock slips 1.99% but outperforms rivals in market losses
7 articles · Updated · MarketWatch · May 7
The shares closed at $56.22 on Thursday, as the S&P 500 fell 0.38% and the Dow Jones Industrial Average dropped 0.63%.
EQT recorded a third straight daily decline, yet beat peers including EOG Resources, down 2.82%, Devon Energy, down 2.77%, and Occidental Petroleum, down 2.14%.
The stock finished 17.61% below its 52-week high of $68.24 reached on 27 March, while trading volume rose to 9.9 million shares from a 50-day average of 8.5 million.
EQT is a gas giant in a tight LNG market. Why is its stock still falling with oil?
With record cash flow and a strong outlook, why are EQT insiders selling millions in stock?
As EQT rapidly reduces debt, why is it pursuing a risky £8.9 billion corporate takeover?