At the time of writing, EQT Corp [EQT] stock is trading at $40.61, up 0.49%. 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 10.80% over the last week, with a monthly amount glided 12.59%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Wells Fargo downgraded its rating to Equal Weight on April 17, 2024, and dropped its price target to $37. On April 11, 2024, upgrade upgraded it’s rating to Sector Outperform but maintained its price target of $52 on the stock. Bernstein upgraded its rating to a Mkt Perform and increased its price target to $34 on April 10, 2024. Mizuho downgraded its rating to a Neutral and reduced its price target to $39 on March 13, 2024. Citigroup upgraded its rating to Buy for this stock on December 11, 2023, but kept the price target unchanged to $46. In a note dated October 11, 2023, Bernstein initiated an Underperform rating and provided a target price of $30 on this stock.
For the past year, the stock price of EQT Corp fluctuated between $30.84 and $45.23. Currently, Wall Street analysts expect the stock to reach $41.39 within the next 12 months. EQT Corp [NYSE: EQT] shares were valued at $40.61 at the most recent close of the market. An investor can expect a potential return of 1.92% based on the average EQT price forecast.
Analyzing the EQT fundamentals
According to EQT Corp [NYSE:EQT], the company’s sales were 4.54B for trailing twelve months, which represents an -28.89% plunge. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.36.
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 39.86 points at the first support level, and at 39.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.04, and for the 2nd resistance point, it is at 41.48.
EQT Corp [EQT] reported earnings per share of $0.82 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.64/share, meaning a difference of $0.18 and a surprise factor of 28.10%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.48 per share as compared to estimates of $0.53 per share, a difference of -$0.05 representing a surprise of -9.40%.
Ratios To Look Out For
It is important to note that EQT Corp [NYSE:EQT] has a current ratio of 0.99. Also, the Quick Ratio is 0.99, while the Cash Ratio stands at 0.27. Considering the valuation of this stock, the price to sales ratio is 3.95, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 29.68.
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.
