As of Wednesday close, EQT Corporation’s (NYSE:EQT) stock was down -$0.99, moving down -2.42 percent to $40.00. The average number of shares traded per day over the past five days has been 6,514,800 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.95 fall in that time frame. In the last twenty days, the average volume was 4,913,830, while in the previous 50 days, it was 5,479,910.
Since last month, EQT stock retreated -10.25%. Shares of the company fell to $39.99 on 09/20/23, the lowest level in the past month. A 52-week high of $48.07 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 18.24% or $6.17, and marked a new high 20 times. However, the stock has declined by -16.79% since its 52-week high.
EQT stock investors should be aware that EQT Corporation (EQT) stock had its last reported insider trading activity 7 days ago on Sep 14. VANLOH S WIL JR, the 10% Owner of the company, disposed of 20,000,000 shares for $41.40 on Sep 14. It resulted in a $828,000,000 divestment by the insider. James Todd sold 31,170 shares at an average price of $38.56 on Jun 09. The insider now owns 39,392 shares following the transaction. On Nov 10, CHIEF HUMAN RESOURCES OFFICER Evancho Lesley sold 9,821 shares at $42.15 apiece. The transaction was valued at $414,003.
Valuation Metrics
Right now, EQT Corporation (EQT) has a P/E ratio of about 4.96. The stock’s beta is 1.23. Besides these, the trailing price-to-sales (P/S) ratio of 1.83, the price-to-book (PB) ratio of 1.21, and the price-to-cash flow ratio of 6.45 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 29.66%, the RSI 9-day stood at 31.30% on 20 September.
With respect to its five-day moving average, the current EQT Corporation price is down by -6.87% percent or -$2.95. At present, EQT shares trade -7.83% below its 20-day simple moving average and +19.26% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.38% below its SMA50 and -3.66% below its SMA200.
Stochastic coefficient K was 4.16% and Stochastic coefficient D was 8.86%, while ATR was 1.10. Given the Stochastic reading of 0.24% for the 14-day period, the RSI (14) reading has been calculated as 38.05%. As of today, the MACD Oscillator reading stands at -1.24, while the 14-day reading stands at -1.59.
Analyst Ratings
EQT Corporation downgraded its rating on EQT Corporation (NYSE: EQT) to a Sector perform in a note to investors on September 13, 2023. The analysts firm previously had a Sector outperform rating on the stock.EQT Corporation (EQT) has been rated Overweight by analysts. According to 0 brokerage firms, EQT is a sell, and 8 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 14 recommending it as overweight.
With a median target price of $48.00, the current consensus forecast for the stock is $37.00 – $65.00. Based on these forecasts, analysts predict EQT Corporation (EQT) will achieve an average price target of $48.45.
