At the time of writing, EQT Corp [EQT] stock is trading at $34.82, up 1.34%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The EQT shares have gain 4.25% over the last week, with a monthly amount drifted -5.92%, and not seem to be holding up well over a long-time horizon.
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On 11, March 2024, EQT Announces Transformative Acquisition of Equitrans Midstream. In a post published today on Yahoo Finance, Creates America’s only large-scale, vertically integrated natural gas company prepared to compete on the global stage.
From an analyst’s perspective:
EQT Corp [NYSE: EQT] stock has seen the most recent analyst activity on March 13, 2024, when Mizuho downgraded its rating to a Neutral and also revised its price target to $39 from $46. Previously, Citigroup upgraded its rating to Buy on December 11, 2023, and kept the price target unchanged to $46. On October 11, 2023, Bernstein initiated with a Underperform rating and assigned a price target of $30 on the stock. Scotiabank downgraded its rating to a Sector Perform. Tudor Pickering Holt & Co. upgraded its rating to a Buy. Stephens started tracking with a Equal-Weight rating for this stock on April 25, 2023, and assigned it a price target of $36. In a note dated April 19, 2023, UBS initiated an Neutral rating and provided a target price of $36 on this stock.
For the past year, the stock price of EQT Corp fluctuated between $29.05 and $45.23. Currently, Wall Street analysts expect the stock to reach $45.43 within the next 12 months. EQT Corp [NYSE: EQT] shares were valued at $34.82 at the most recent close of the market. An investor can expect a potential return of 30.47% based on the average EQT price forecast.
Analyzing the EQT fundamentals
According to EQT Corp [NYSE:EQT], the company’s sales were 5.07B for trailing twelve months, which represents an -46.70% plunge. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.46%, Pretax Profit Margin comes in at 0.41%, and Net Profit Margin reading is 0.34%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.13 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.4.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.51 points at the first support level, and at 34.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.05, and for the 2nd resistance point, it is at 35.29.
EQT Corp [EQT] reported earnings per share of $0.48 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.53/share, meaning a difference of -$0.05 and a surprise factor of -9.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.3 per share as compared to estimates of -$0.08 per share, a difference of $0.38 representing a surprise of 475.00%.
Ratios To Look Out For
It is important to note that EQT Corp [NYSE:EQT] has a current ratio of 0.99. Further, the Quick Ratio stands at 0.99, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 3.03, the price to book ratio is 0.99 and price to earnings (TTM) ratio is 8.23.
Transactions by insiders
Recent insider trading involved VANLOH S WIL JR, 10% Owner, that happened on Sep 14 ’23 when 20.0 million shares were sold. CHIEF ACCOUNTING OFFICER, James Todd completed a deal on Jun 09 ’23 to sell 31170.0 shares.
