As of Thursday close, EQT Corporation’s (NYSE:EQT) stock was up $0.23, moving up 0.54 percent to $43.22. The average number of shares traded per day over the past five days has been 3,616,720 shares. 5 times new highs have been achieved over the past 5 days, with a $1.52 gain in that time frame. In the last twenty days, the average volume was 4,861,875, while in the previous 50 days, it was 5,556,670.
Since last month, EQT stock rose 5.78%. Shares of the company fell to $39.93 on 08/02/23, the lowest level in the past month. A 52-week high of $51.97 was reached on 08/21/23 after having rallying from a 52-week low of $28.10. Since the beginning of this year, EQT’s stock price has risen by 27.76% or $9.39, and marked a new high 20 times. However, the stock has declined by -16.84% since its 52-week high.
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EQT stock investors should be aware that EQT Corporation (EQT) stock had its last reported insider trading activity 84 days ago on Jun 09. James Todd, the CHIEF ACCOUNTING OFFICER of the company, disposed of 31,170 shares for $38.56 on Jun 09. It resulted in a $1,201,915 divestment by the insider. Evancho Lesley sold 9,821 shares at an average price of $42.15 on Nov 10. The insider now owns 115,895 shares following the transaction. On Nov 09, EVP, GC AND CORP SEC Jordan William E. sold 98,783 shares at $41.55 apiece. The transaction was valued at $4,104,127.
Valuation Metrics
Right now, EQT Corporation (EQT) has a P/E ratio of about 5.36. The stock’s beta is 1.23. Besides these, the trailing price-to-sales (P/S) ratio of 1.68, the price-to-book (PB) ratio of 1.30, and the price-to-cash flow ratio of 5.93 may also be considered.
The latest dividend of $0.15 per share was paid out, remained unchanged from last year’s $0.15. On Wednesday July 20 2022, a $0.0250 dividend increase was announced.
Financial Health
In the three months ended June 29, EQT Corporation’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.35, and the total debt-to-equity ratio was 0.39. On the profitability front, the trailing twelve-month gross margin is 74.50% percent. In the year ended June 29, EBITDA margin amounted to 77.50%, whereas operating margins totaled 51.90%. Based on annual data, EQT earned $2.72 billion in gross profit and brought in $7.5 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.00%. Return on equity (ROE) for the past 12 months was 31.60%.
In EQT Corporation’s quarter-end financial report for June 29, it reported total debt of $85.4 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EQT’s revenue fell -148.1% to $2.66 billion during the quarter, while net income inched up to $1.02 billion. While analysts expected EQT Corporation to report -$0.26 quarterly earnings, the actual figure was -$0.17 per share, beating the consensus estimate by 34.60%. During the quarter, the company generated $364.74 million in EBITDA. The liabilities of EQT Corporation were 9.23 billion at the end of its most recent quarter ended June 29, and its total debt was $4.67 billion. The value of shareholders’ equity is $361.66 million.
Technical Picture
This quick technical analysis looks at EQT Corporation’s (EQT) price momentum. With a historical volatility rate of 29.45%, the RSI 9-day stood at 57.66% on 31 August.
With respect to its five-day moving average, the current EQT Corporation price is up by +3.65% percent or $1.52. At present, EQT shares trade +3.57% above its 20-day simple moving average and +29.44% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.65% above its SMA50 and +1.41% above its SMA200.
Stochastic coefficient K was 45.81% and Stochastic coefficient D was 38.15%, while ATR was 1.02. Given the Stochastic reading of 52.57% for the 14-day period, the RSI (14) reading has been calculated as 56.94%. As of today, the MACD Oscillator reading stands at 0.23, while the 14-day reading stands at 0.25.
Analyst Ratings
Tudor Pickering Holt & Co. upgraded its rating on EQT Corporation (NYSE: EQT) to a Buy in a note to investors on June 20, 2023. The analysts firm previously had a Hold rating on the stock.EQT Corporation (EQT) has been rated Overweight by analysts. According to 0 brokerage firms, EQT is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate EQT Corporation stock as buy, with 15 recommending it as overweight.
With a median target price of $48.00, the current consensus forecast for the stock is $35.00 – $65.00. Based on these forecasts, analysts predict EQT Corporation (EQT) will achieve an average price target of $48.45.
