EQT Corporation (NYSE:EQT) finished Wednesday with a subtraction of -$1.65 to close at $41.75, a downside of -3.80 percent. An average of 5,823,780 shares of common stock have been traded in the last five days. There was a fall of -$0.23 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 5,436,290 shares traded, while the 50-day average volume stands at 5,946,250.
EQT stock has increased by 5.32% in the last month. The company shares reached their 1-month lowest point of $38.68 on 07/26/23. With the stock rallying to its 52-week high on 08/21/23, shares of the company touched a low of $28.10 and a high of $51.97 in 52 weeks. It has reached a new high 20 times so far this year and achieved 23.41% or $7.92 in price. In spite of this, the price is down -19.67% from the 52-week high.
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Insider Transactions
EQT stock investors should be aware that EQT Corporation (EQT) stock had its last reported insider trading activity 76 days ago on Jun 09. In this transaction, the insider spent $1,201,915. CHIEF HUMAN RESOURCES OFFICER, Evancho Lesley, disposed of 9,821 shares at a price of $42.15 on Nov 10. The insider now owns more than $414,003 worth of shares. Prior to that, EVP, GC AND CORP SEC Jordan William E. went on to Sale 98,783 shares at $41.55 each on Nov 09. An amount of $4,104,127 was transacted.
Valuation Metrics
EQT Corporation (EQT) has a trailing price-to-earnings (P/E) ratio of 5.18. The stock’s beta is 1.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.61, the price-to-book (PB) ratio at 1.26, and the price-to-cash flow ratio at 5.70.
The company has a payout ratio of 6.20%. The company’s most recent quarterly dividend payment was $0.15 a share, without any change from 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 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.35 and a total debt to equity ratio of 0.39 for the quarter ending June 29. EQT Corporation’s EBITDA margin for the year ending June 29 is 77.50%, while its operating margin for the same period stands at 51.90%. Its gross profit as reported stood at $2.72 billion compared to revenue of $7.5 billion.
Earnings Surprise
For the three-month period that ended June 29, EQT Corporation had $85.4 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$66.63 million in the quarter, while revenues of $1.22 billion were grew 1437.78%. The analyst consensus anticipated EQT Corporation’s latest quarter earnings to come in at -$0.26 per share, but it turned out to be -$0.17, a 34.60% surprise. For the quarter, EBITDA amounted to $364.74 million. Shareholders own equity worth $361.66 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 23 August was 44.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.38%.
As of today, EQT’s price is $43.22 -0.55% or -$0.23 from its 5-day moving average. EQT is currently trading +0.55% higher than its 20-day SMA and +33.43% higher than its 100-day SMA. However, the stock’s current price level is +8.98% above the SMA50 and +6.10% above the SMA200.
The stochastic %K and %D were 58.75% and 72.67%, respectively, and the average true range (ATR) was 1.27. With the 14-day stochastic at 19.33% and the average true range at 1.25, the RSI (14) stands at 48.90%. The stock has reached 0.33 on the 9-day MACD Oscillator while the 14-day reading was at 0.39.
Analyst Ratings
Tudor Pickering Holt & Co. upgraded EQT Corporation (NYSE: EQT) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for EQT Corporation (EQT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EQT, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 16 others rate it as a “buy”.
What is EQT’s price target for the next 12 months?
Analysts predict a range of price targets between $35.00 and $65.00, with a median target of $48.00. Taking a look at these predictions, the average price target given by analysts for EQT Corporation (EQT) stock is $48.09.
