The Short-term Rise and Fall of EQT Corp (EQT) Stock

EQT Corp [EQT] stock is trading at $37.25, down -0.64%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EQT shares have gain 2.11% over the last week, with a monthly amount glided 9.53%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

EQT Corp [NYSE: EQT] stock has seen the most recent analyst activity on April 11, 2024, when Scotiabank upgraded its rating to a Sector Outperform but kept the price target unchanged to $52 for it. Previously, Bernstein upgraded its rating to Mkt Perform on April 10, 2024, and elevated its price target to $34. On March 13, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $39 on the stock. Citigroup upgraded its rating to a Buy but stick to its price target of $46 on December 11, 2023. Bernstein initiated its recommendation with a Underperform and recommended $30 as its price target on October 11, 2023. Scotiabank downgraded its rating to Sector Perform for this stock on September 13, 2023. In a note dated June 20, 2023, Tudor Pickering Holt & Co. upgraded an Buy rating on this stock.

EQT Corp [EQT] stock has fluctuated between $30.84 and $45.23 over the past year. Currently, Wall Street analysts expect the stock to reach $45 within the next 12 months. EQT Corp [NYSE: EQT] shares were valued at $37.25 at the most recent close of the market. An investor can expect a potential return of 20.81% based on the average EQT price forecast.

Analyzing the EQT fundamentals

EQT Corp [NYSE:EQT] reported sales of 5.07B for the trailing twelve months, which represents a drop of -46.70%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.4.

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 36.78 points at the first support level, and at 36.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.06, and for the 2nd resistance point, it is at 38.88.

Ratios To Look Out For

For context, EQT Corp’s Current Ratio is 0.99. Also, the Quick Ratio is 0.99, while the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 3.24, the price to book ratio is 1.06 and price to earnings (TTM) ratio is 8.80.

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.

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