EQT Corp (NYSE:EQT) saw an upside of 1.22% to close Monday at $38.92 after adding $0.47 on the day. The 5-day average trading volume is 5,792,000 shares of the company’s common stock. It has gained $41.90 in the past week and touched a new high 1 time within the past 5 days. An average of 4,950,590 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,363,912.
EQT’s 1-month performance is -6.67% or -$3.12 on its low of $38.17 reached on 09/25/23. The company’s shares have touched a 52-week low of $28.10 and high of $45.91, with the stock’s rally to the 52-week high happening on 08/21/23. YTD, EQT has achieved 15.05% or $5.09 and has reached a new high 20 times. However, the current price is down -15.23% from the 52-week high price.
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Insider Transactions
EQT stock investors last saw insider trading activity on Sep 14.VANLOH S WIL JR (10% Owner) most recently sold 20,000,000 shares at $41.40 per share on Sep 14. This transaction cost the insider $828,000,000. CHIEF ACCOUNTING OFFICER, James Todd, sold 31,170 shares at a price of $38.56 on Jun 09. Then, on Nov 10, CHIEF HUMAN RESOURCES OFFICER Evancho Lesley sold 9,821 shares at a price of $42.15 per share. This transaction amounted to $414,003.
Valuation Metrics
EQT stock has a beta of 1.25. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.79 while the price-to-book (PB) in the most recent quarter is 1.17, with the price to cash flow ratio at 6.12.
EQT Corp’s quick ratio for the period ended June 29 was 1.11, with the current ratio over the same period at 1.11. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.35, while the total debt to equity was 0.39. In terms of profitability, the gross margin trailing 12 months is 55.91%. The trailing 12-month EBITDA margin is 77.50% while for the period ending June 29, EQT Corp’s operating margin was 52.52%. The firm’s gross profit as reported stood at $2.72 billion against revenue of $7.5 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 1437.78% to -$66.63 million, while revenue of $1.22 billion was 1928.83% off the previous quarter. Analysts expected EQT to announce -$0.26 per share in earnings in its latest quarter, but it posted -$0.17, representing a 34.60% surprise. EBITDA for the quarter stood at more than $364.74 million. EQT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.23 billion, with total debt at $4.67 billion. Shareholders hold equity totaling $361.66 million.
Let’s look briefly at EQT Corp (EQT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 30.14% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.08%.
The stock’s 5-day moving average is $39.42, reflecting a -5.51% or -$2.27 change from its current price. EQT is currently trading -7.42% above its 20-day SMA, +18.55% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.86% and SMA200 by+5.45%.
Stochastic %K and %D was 6.09% and 3.83% and the average true range (ATR) pointed at 1.14. The RSI (14) points at 35.64%, while the 14-day stochastic is at 12.90% with the period’s ATR at 1.14. The stock’s 9-day MACD Oscillator is pointing at -1.89 and -2.58 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for EQT Corp (NYSE: EQT), Scotiabank downgraded it to a Sector perform rating. They previously had a Sector outperform rating on the stock. Analysts offering their rating for EQT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate EQT as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 14 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 $37.00 and a high of $65.00, with their median price target at $48.00. Looking at these predictions, the average price target given by analysts is for EQT Corp (EQT) stock is $48.45.
