The stock of EQT Corporation (NYSE:EQT) decreased by -$0.22 on Friday to finish at $42.83, down -0.52 percent. The last five days have seen an average of 5,861,981 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $8.79. The average number of shares traded over the last 20 days was 5,933,971, while the average volume over the last 50 days totaled 5,956,660.
EQT stock appreciated 12.08% since last month. On 07/17/23, the company’s shares reached a one-month low of $37.94. The stock touched a high of $51.97 on 08/09/23, after rallying from a low of $28.10 in 52 weeks. The price of EQT stock has risen by 26.59% or $8.79 this year, reaching a new high 19 times. Still, the stock price is down -17.60% from the 52-week high.
Insider Transactions
EQT stock investors should be aware that EQT Corporation (EQT) stock had its last reported insider trading activity 66 days ago on Jun 09. On Jun 09, CHIEF ACCOUNTING OFFICER James Todd sold 31,170 shares at $38.56 each. This transaction resulted in the insider making $1,201,915. On Nov 10, Evancho Lesley sold 9,821 shares at a price of US$42.15. After the transaction, the insider now owns 115,895 shares. EVP, GC AND CORP SEC Jordan William E. had earlier sold 98,783 shares on Nov 09 for $41.55 a share. The transaction was completed for $4,104,127.
Valuation Metrics
EQT Corporation (EQT) has a trailing price-to-earnings (P/E) ratio of 5.31. Beta for the stock is 1.23. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.67, the price-to-book (PB) ratio of 1.29, and the price-to-cash flow ratio of 5.88.
Company paid $0.15 per share in dividends, remained unchanged from $0.15 last year. A $0.0250 dividend increase was reported on Wednesday July 20 2022.
Financial Health
For the three months ended June 29, EQT Corporation’s quick ratio was 1.10, while its current ratio was 1.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.35, and the total debt to equity ratio is 0.39. As far as profitability goes, gross margin for the trailing twelve months is 74.50% percent. EQT Corporation’s EBITDA margin for the year ended June 29 was 77.50%, whereas its operating margin stood at 51.90% for the same period. Based on annual data, it had gross profit of $2.72 billion and revenue of $7.5 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EQT’s return on assets (ROA) during the last 12 months has been 15.90%. There was a 12.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 31.60%.
Earnings Surprise
According to EQT Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.02 billion, while revenues fell by -148.1% to $2.66 billion. It was predicted that EQT Corporation’s quarterly earnings would be -$0.17, but it ended up being -$0.26, beating the consensus by 34.60%. EBITDA was $364.74 million for the quarter. At the end of EQT Corporation’s most recent quarter ended June 29, its liabilities totaled 9.23 billion, while its total debt was $4.67 billion. Equity owned by shareholders amounts to $361.66 million.
Technical Picture
Here’s a quick look at EQT Corporation’s (EQT) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 56.86%, suggesting the stock is Neutral, with a 28.08% historical volatility rate.
The stochastic %K and %D were 72.89% and 80.99% respectively, while the average true range (ATR) was 1.21. Based on the 14-day stochastic reading of 69.37%, the RSI (14) reading is 58.16%. On the 9-day MACD Oscillator, the stock is at 0.38, and the 14-day reading is at 0.60.
Analyst Ratings
In its most recent analyst report, Tudor Pickering Holt & Co. raised its rating on EQT Corporation (NYSE: EQT) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned EQT Corporation (EQT) an Overweight rating. EQT is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 16 others recommend it as a buy.
What is EQT’s price target for the next 12 months?
The current consensus forecast for the stock is between $34.00 and $65.00, with a median target price of $46.00. In analyzing these forecasts, the average price target given by analysts for EQT Corporation (EQT) is $46.61.
