EQT Corporation (NYSE:EQT) saw an upside of 3.80% to close Monday at $35.24 after adding $1.29 on the day. The 5-day average trading volume is 5,750,860 shares of the company’s common stock. It has gained $35.98 in the past week and touched a new high 1 time within the past 5 days. An average of 6,200,590 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,096,454.
EQT’s 1-month performance is -2.49% or -$0.97 on its low of $31.50 reached on 01/04/23. The company’s shares have touched a 52-week low of $19.20 and high of $51.97, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, EQT has achieved 4.17% or $1.41 and has reached a new high 4 times. However, the current price is down -32.19% from the 52-week high price.
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EQT stock investors last saw insider trading activity on Nov 10.Evancho Lesley (CHIEF HUMAN RESOURCES OFFICER) most recently sold 9,821 shares at $42.15 per share on Nov 10. This transaction cost the insider $414,003. EVP, GC AND CORP SEC, Jordan William E., sold 98,783 shares at a price of $41.55 on Nov 09. Then, on Nov 01, EVP, GC AND CORP SEC Jordan William E. sold 98,783 shares at a price of $41.51 per share. This transaction amounted to $4,100,364.
EQT stock has a beta of 1.25. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.65 while the price-to-book (PB) in the most recent quarter is 1.36, with the price to cash flow ratio at 6.37.
EQT Corporation’s quick ratio for the period ended September 29 was 0.60, with the current ratio over the same period at 0.60. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.45, while the total debt to equity was 0.50. In terms of profitability, the gross margin trailing 12 months is 68.90%. The firm’s gross profit as reported stood at -$1.36 billion against revenue of $3.06 billion.
For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 389.63% to $683.67 million, while revenue of $891.36 million was -30.38% off the previous quarter. Analysts expected EQT to announce $1.04 per share in earnings in its latest quarter, but it posted $1.04, representing a 0.00% surprise. EBITDA for the quarter stood at more than $1.38 billion. EQT stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 12.88 billion, with total debt at $4.77 billion. Shareholders hold equity totaling $367.05 million.
Let’s look briefly at EQT Corporation (EQT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 55.02% to suggest the stock is trending Neutral, with historical volatility in this time period at 42.14%.
The stock’s 5-day moving average is $34.39, reflecting a +1.24% or $0.43 change from its current price. EQT is currently trading -3.82% above its 20-day SMA, -29.53% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -19.80% and SMA200 by-2.73%.
Stochastic %K and %D was 64.14% and 57.60% and the average true range (ATR) pointed at 1.44. The RSI (14) points at 50.11%, while the 14-day stochastic is at 83.48% with the period’s ATR at 1.53. The stock’s 9-day MACD Oscillator is pointing at 0.02 and 0.50 on the 14-day charts.
Analysts offering their rating for EQT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate EQT as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 17 have offered a “buy” rating.
What is EQT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $38.00 and a high of $73.00, with their median price target at $50.00. Looking at these predictions, the average price target given by analysts is for EQT Corporation (EQT) stock is $53.05.