$49.91

-0.90 (-1.77%)

8/29/2008 4:04 PM

Equitable Resources, Inc. (EQT)

CAPS Rating:

An integrated energy company, with an emphasis on Appalachian area natural gas supply activities including production and gathering and natural gas distribution and transmission.

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What the Community Thinks

Total Members

77 Outperforms

10 Underperforms

All-Stars

30 Outperforms

5 Underperforms

Wall Street

9 Outperforms

1 Underperforms

Members bullish on EQT are also bullish on:

Members bearish on EQT are also bearish on:

Ticker Tags

Gas Utilities (31), Mid Cap (670), Natural Gas (55)
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Equitable Resources, Inc. At A Glance

Current Price:	$49.91
Last Trade Time:	8/29/2008 4:04 PM
Open:	$50.92
Previous Close:	$50.81
Daily Range:	$49.68 - $51.05
52-Week Range:	$46.79 - $76.14
Volume:	574,669
Market Cap:	$6.65B
P/E Ratio:	28.54
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Stock Trends

EQT VS S&P 500 (SPY)

News & Discussion Boards

Other News Headlines for EQT

Earnings roundup: Cigna, KBR
8/1/2008 11:10:00 AM - AP
Equitable Resources 2Q profit declines by half
8/1/2008 9:09:00 AM - AP
Equitable Resources declares dividend of 22 cents
7/16/2008 2:50:00 PM - AP
Equitable Resources offers 7.5 million shares
5/5/2008 5:39:00 PM - AP

More Headlines...

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1 Equitable Resources, Inc. (EQT)

Avatar Scones (98.50) Submitted: 2/25/08 9:40 AM

EQT is trading at nearly twice the industry P/E and selling at more than 6 times book. More importantly, it has negative earnings growth when most of its peers have been growing their business. From a technical perspective, EQT is overbought and has begun a negative slide.

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Recs 0 (EQT) APGrace (57.64) Submitted: 8/19/08 6:47 AM : Start Price: $49.63 EQT Score: 0.51 score = 61 Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (EQT) iStockInvestor (< 20) Submitted: 7/14/08 12:15 PM : Start Price: $63.81 EQT Score: -26.48 Bullish on natural gas Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (EQT) carbonates (98.28) Submitted: 6/30/08 6:54 PM : Start Price: $68.26 EQT Score: -28.60 EQT appears to be one of the most efficient operators in the Appalachian gas shale play. They are targeting the Huron, a shallower shale than the Marcellus in the same region. They have grown proven, probable, and possible reserves by 26% to 7.2 Tcf in 2007. They have 300 wells planned for drilling this year, with 12 rigs operating and 4 more to be added soon. Costs of $1.2 million per well with 1.5 Bcfe estimated recovery will yield very good profits. At $12/mcf gas that is $18 M per well. While I have no figures on the production rates, even with a long hyperbolic payout, the NPV should not kill those kinds of numbers. Combined with the highest gas price market in the US they appear to be in better position than most US gas producers. With 3.3 million acres of leases in the Appalachians they could surpass even Chesapeake who has slightly over 1 million acres in the Marcellus play. They are currently advancing the technology by air-drilling multilaterals instead of using the more commonly applied single-borehole artificially fractured wells that most operators in gas shales are using. They may be able to produce similar production results with even cheaper drilling costs. On a resource play drilling costs are the key factor to economics, since so many wells are drilled. EQT appears to be the leader in the region both in technology and lease position. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (EQT) msamet1 (98.44) Submitted: 3/07/07 10:31 AM : Start Price: $40.87 EQT Score: 30.05 consistant good performer in energy (gas) sector Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out.
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