EQT Corp (NYSE: EQT)’s stock price has plunge by 0.99relation to previous closing price of 36.48. Nevertheless, the company has seen a -0.73% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-08 that In the most recent trading session, EQT Corporation (EQT) closed at $36.84, indicating a +0.99% shift from the previous trading day.
Is It Worth Investing in EQT Corp (NYSE: EQT) Right Now?
EQT Corp (NYSE: EQT) has a price-to-earnings ratio of 8.70x that is above its average ratio. Additionally, the 36-month beta value for EQT is 1.14. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 5 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
The public float for EQT is 412.55M and currently, short sellers hold a 5.08% ratio of that float. The average trading volume of EQT on April 09, 2024 was 6.51M shares.
EQT’s Market Performance
EQT’s stock has seen a -0.73% decrease for the week, with a -1.13% drop in the past month and a -4.83% fall in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are at 2.38% for EQT Corp The simple moving average for the past 20 days is 4.56% for EQT’s stock, with a -6.17% simple moving average for the past 200 days.
Analysts’ Opinion of EQT
Many brokerage firms have already submitted their reports for EQT stocks, with Mizuho repeating the rating for EQT by listing it as a “Neutral.” The predicted price for EQT in the upcoming period, according to Mizuho is $39 based on the research report published on March 13, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see EQT reach a price target of $46. The rating they have provided for EQT stocks is “Buy” according to the report published on December 11th, 2023.
Bernstein gave a rating of “Underperform” to EQT, setting the target price at $30 in the report published on October 11th of the previous year.
EQT Trading at 3.67% 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 -18.55% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares sank -1.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.16% upper at present.
During the last 5 trading sessions, EQT fell by -0.73%, which changed the moving average for the period of 200-days by -7.39% in comparison to the 20-day moving average, which settled at $35.20. In addition, EQT Corp saw -4.71% in overturn over a single year, with a tendency to cut further losses.
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 ’23. After this action, VANLOH S WIL JR now owns 23,946,108 shares of EQT Corp, valued at $828,000,000 using the latest closing price.
James Todd, the CHIEF ACCOUNTING OFFICER of EQT Corp, sale 31,170 shares at $38.56 during a trade that took place back on Jun 09 ’23, 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:
- 0.46 for the present operating margin
- 0.18 for the gross margin
The net margin for EQT Corp stands at 0.34. The total capital return value is set at 0.1. Equity return is now at value 13.38, with 7.03 for asset returns.
Based on EQT Corp (EQT), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 10.54.
Currently, EBITDA for the company is 2.41 billion with net debt to EBITDA at 4.94. When we switch over and look at the enterprise to sales, we see a ratio of 4.34. The receivables turnover for the company is 5.54for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
In conclusion, EQT Corp (EQT) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
