Watching EQT Corporation (EQT) For Insider Activity

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EQT Corporation (NYSE:EQT) finished Thursday with a subtraction of -$0.76 to close at $44.63, a downside of -1.67 percent. An average of 9,139,141 shares of common stock have been traded in the last five days. There was a fall of -$3.46 in the past week, and it reached a new high 36 times over the past 12 months. The last 20 days have seen an average of 7,540,175 shares traded, while the 50-day average volume stands at 6,873,150.

EQT stock has decreased by -6.71% in the last month. The company shares reached their 1-month lowest point of $44.34 on 09/07/22. With the stock rallying to its 52-week high on 09/14/22, shares of the company touched a low of $17.95 and a high of $51.97 in 52 weeks. It has reached a new high 34 times so far this year and achieved 104.63% or $22.82 in price. In spite of this, the price is down -14.12% from the 52-week high.


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Insider Transactions

143 days have passed since EQT Corporation (EQT) last reported insider trading activity. Jackson Kathryn Jean, who is Director, most recently acquired $11,568 shares at $42.34 per share on May 03.

Valuation Metrics

EQT Corporation (EQT) stock’s beta is 1.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.99, the price-to-book (PB) ratio at 1.82, and the price-to-cash flow ratio at 15.56.

The company’s most recent quarterly dividend payment was $0.15 a share, representing a up of 20.0% from $0.1250 last year. Its latest increase dividend $0.0250 reported on Wednesday July 20 2022.

Financial Health

The quick ratio of EQT Corporation for the three months ended June 29 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.51 and a total debt to equity ratio of 0.56 for the quarter ending June 29. Its gross profit as reported stood at -$1.36 billion compared to revenue of $3.06 billion.

Earnings Surprise

For the three-month period that ended June 29, EQT Corporation had $100.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $891.36 million in the quarter, while revenues of -$1.52 billion were grew 205.06%. The analyst consensus anticipated EQT Corporation’s latest quarter earnings to come in at $0.83 per share, but it turned out to be $0.83, a 0.00% surprise. For the quarter, EBITDA amounted to $1.81 billion. Shareholders own equity worth $369.96 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at EQT Corporation (EQT) price momentum. RSI 9-day as of the close on 22 September was 39.74%, suggesting the stock is Neutral, with historical volatility in this time frame at 58.98%.

As of today, EQT’s price is $46.00 -7.19% or -$3.46 from its 5-day moving average. EQT is currently trading -10.18% lower than its 20-day SMA and +12.28% higher than its 100-day SMA. However, the stock’s current price level is +21.74% above the SMA50 and +126.20% above the SMA200.

The stochastic %K and %D were 15.55% and 24.42%, respectively, and the average true range (ATR) was 2.62. With the 14-day stochastic at 3.80% and the average true range at 2.58, the RSI (14) stands at 44.41%. The stock has reached -1.90 on the 9-day MACD Oscillator while the 14-day reading was at -1.69.

Analyst Ratings

BMO Capital Markets upgraded EQT Corporation (NYSE: EQT) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Market perform.

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