Previous close | 12.22 |
Open | 12.21 |
Bid | 12.51 x 1800 |
Ask | 12.65 x 3200 |
Day's range | 12.20 - 12.68 |
52-week range | 4.60 - 12.68 |
Volume | |
Avg. volume | 6,218,726 |
Market cap | 5.416B |
Beta (5Y monthly) | 1.99 |
PE ratio (TTM) | 14.03 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.60 (4.91%) |
Ex-dividend date | 05 Feb 2024 |
1y target est | N/A |
EQT's acquisition of Equitrans Midstream for $5.5 billion unveils the CEO's vision for AI-driven growth.
EQT Corporation (EQT) shares are trading lower Monday after the company announced an all-stock deal to acquire Equitrans Midstream (ETRN). Through this vertical integration move, EQT aims to expand its presence in the natural gas sector, strengthening its ability to supply to various regions across the country. Yahoo Finance's Madison Mills breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
(Bloomberg) -- US natural gas producer EQT Corp. agreed to buy back former unit Equitrans Midstream Corp. for about $5.5 billion in stock, the latest in a flurry of deals in the oil and gas pipeline industry.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackChina Has Never Canceled This Many Shipments of US WheatTech CEOs Are Addicted to Taking Needless RisksChinese Stocks Gain 20% From Lows, Fueling Market Bottom CallsThe transaction will give EQT control of