The stock of EQT Corporation (EQT) has gone down by -2.24% for the week, with a -1.07% drop in the past month and a 6.62% rise in the past quarter. The volatility ratio for the week is 2.91%, and the volatility levels for the past 30 days are 2.42% for EQT. The simple moving average for the last 20 days is -3.04% for EQT stock, with a simple moving average of 14.65% for the last 200 days.
Is It Worth Investing in EQT Corporation (NYSE: EQT) Right Now?
The price-to-earnings ratio for EQT Corporation (NYSE: EQT) is above average at 5.15x, while the 36-month beta value is 1.23.Analysts have differing opinions on the stock, with 14 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for EQT Corporation (EQT) is $48.68, which is $6.85 above the current market price. The public float for EQT is 384.36M, and currently, short sellers hold a 6.63% ratio of that floaft. The average trading volume of EQT on September 18, 2023 was 5.55M shares.
EQT) stock’s latest price update
EQT Corporation (NYSE: EQT)’s stock price has plunge by -2.49relation to previous closing price of 42.59. Nevertheless, the company has seen a -2.24% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2023-09-11 that EQT Corporation is the largest natural gas producer in the Appalachian Basin, with extensive development opportunities and a low breakeven cost. Global conditions, including the Russian invasion of Ukraine and the shift from coal to natural gas, favor upward pressure on natural gas prices. EQT has made acquisitions to expand its production capacity and improve its market position, and aims to be net zero in emissions by FY25.
EQT Trading at -0.52% from the 50-Day Moving Average
After a stumble in the market that brought EQT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.87% of loss for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 2.91%, as shares sank -3.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.73% upper at present.
During the last 5 trading sessions, EQT fell by -2.24%, which changed the moving average for the period of 200-days by +0.02% in comparison to the 20-day moving average, which settled at $42.76. In addition, EQT Corporation saw 22.76% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EQT starting from VANLOH S WIL JR, who sale 20,000,000 shares at the price of $41.40 back on Sep 14. After this action, VANLOH S WIL JR now owns 23,946,108 shares of EQT Corporation, valued at $828,000,000 using the latest closing price.
James Todd, the CHIEF ACCOUNTING OFFICER of EQT Corporation, sale 31,170 shares at $38.56 during a trade that took place back on Jun 09, which means that James Todd is holding 39,392 shares at $1,201,915 based on the most recent closing price.
Stock Fundamentals for EQT
Current profitability levels for the company are sitting at:
- +63.78 for the present operating margin
- +66.33 for the gross margin
The net margin for EQT Corporation stands at +14.59. The total capital return value is set at 47.52, while invested capital returns managed to touch 11.39. Equity return is now at value 31.60, with 15.90 for asset returns.
Based on EQT Corporation (EQT), the company’s capital structure generated 51.58 points at debt to equity in total, while total debt to capital is 34.03. Total debt to assets is 24.68, with long-term debt to equity ratio resting at 47.48. Finally, the long-term debt to capital ratio is 31.32.
When we switch over and look at the enterprise to sales, we see a ratio of 2.39, with the company’s debt to enterprise value settled at 0.32. The receivables turnover for the company is 7.97 and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
In a nutshell, EQT Corporation (EQT) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
