EQT Corp (EQT) stock expected to decline by -5.57%: What’s driving the pessimism?

Currently, EQT Corp [EQT] is trading at $43.98, up 6.70%. 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 19.51% over the last week, with a monthly amount glided 17.56%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Citigroup upgraded its rating to Buy on October 03, 2024, and elevated its price target to $44. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $32 on August 15, 2024. Wells Fargo upgraded its rating to a Overweight and raised its price target to $42 on August 14, 2024. JP Morgan upgraded its rating to Overweight for this stock on July 23, 2024, but kept the price target unchanged to $42.

This stock has fluctuated between a low of $30.02 and a high of $42.44 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $41.53 within the next 12 months. EQT Corp [NYSE: EQT] shares were valued at $43.98 at the most recent close of the market. An investor can expect a potential drop of -5.57% based on the average EQT price forecast.

Analyzing the EQT fundamentals

Trailing Twelve Months sales for EQT Corp [NYSE:EQT] were 4.79B which represents 20.71% growth. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.68.

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 42.59 points at the first support level, and at 41.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.72, and for the 2nd resistance point, it is at 45.45.

Ratios To Look Out For

To put it in perspective, the Current Ratio for EQT Corp [NYSE:EQT] is 0.51. Further, the Quick Ratio stands at 0.51, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 5.56, the price to book ratio is 1.29 and price to earnings (TTM) ratio is 52.12.

Transactions by insiders

Recent insider trading involved Jordan William E., EVP, GC AND CORP SEC, that happened on May 29 ’24 when 35000.0 shares were sold. CHIEF HUMAN RESOURCES OFFICER, Evancho Lesley completed a deal on May 28 ’24 to sell 46884.0 shares.

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