Wall Street predicts EQT Corp (EQT) stock to drop by -1.86%

EQT Corp [EQT] stock prices are up 1.64% to $44.58 at the moment. 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 0.86% over the last week, with a monthly amount drifted -2.92%, and not 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 December 16, 2024, when Mizuho upgraded its rating to a Outperform and also boosted its price target to $57 from $48. Previously, Bernstein started tracking the stock with Mkt Perform rating on December 06, 2024, and set its price target to $50. Citigroup upgraded its rating to a Buy and raised its price target to $44 on October 03, 2024. In a note dated August 15, 2024, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $43 to $32.

The stock price of EQT Corp [EQT] has been fluctuating between $30.02 and $48.02 over the past year. Currently, Wall Street analysts expect the stock to reach $43.75 within the next 12 months. EQT Corp [NYSE: EQT] shares were valued at $44.58 at the most recent close of the market. An investor can expect a potential drop of -1.86% based on the average EQT price forecast.

Analyzing the EQT fundamentals

The EQT Corp [NYSE:EQT] reported sales of 4.79B for trailing twelve months, representing a surge of 20.71%. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.05 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.18.

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 43.89 points at the first support level, and at 43.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.02, and for the 2nd resistance point, it is at 45.45.

Ratios To Look Out For

It’s worth pointing out that EQT Corp [NYSE:EQT]’s Current Ratio is 0.51. Further, the Quick Ratio stands at 0.51, while the Cash Ratio is 4.33. Considering the valuation of this stock, the price to sales ratio is 5.65, the price to book ratio is 1.31 and price to earnings (TTM) ratio is 52.83.

Transactions by insiders

Recent insider trading involved KARAM THOMAS F, Director, that happened on Dec 03 ’24 when 30154.0 shares were sold. Director, KARAM THOMAS F completed a deal on Dec 03 ’24 to sell 15768.0 shares. Meanwhile, Director Thomas F. Karam bought 35000.0 shares on Dec 03 ’24.

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