The stock of EQT Corp (NYSE: EQT) has decreased by -0.64 when compared to last closing price of 37.49. Despite this, the company has experienced a 2.11% gain 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?
The price-to-earnings ratio for EQT Corp (NYSE: EQT) is 8.80x, which is above its average ratio. Moreover, the 36-month beta value for EQT is 1.14. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 5 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for EQT is 412.57M and currently, short sellers hold a 6.11% of that float. On April 15, 2024, EQT’s average trading volume was 6.52M shares.
EQT’s Market Performance
The stock of EQT Corp (EQT) has seen a 2.11% increase in the past week, with a 9.53% rise in the past month, and a 0.54% gain in the past quarter. The volatility ratio for the week is 2.49%, and the volatility levels for the past 30 days are at 2.33% for EQT. The simple moving average for the past 20 days is 4.34% for EQT’s stock, with a -5.03% simple moving average for the past 200 days.
Analysts’ Opinion of EQT
Many brokerage firms have already submitted their reports for EQT stocks, with Scotiabank repeating the rating for EQT by listing it as a “Sector Outperform.” The predicted price for EQT in the upcoming period, according to Scotiabank is $52 based on the research report published on April 11, 2024 of the current year 2024.
Bernstein, on the other hand, stated in their research note that they expect to see EQT reach a price target of $34, previously predicting the price at $27. The rating they have provided for EQT stocks is “Mkt Perform” according to the report published on April 10th, 2024.
Mizuho gave a rating of “Neutral” to EQT, setting the target price at $39 in the report published on March 13th of the current year.
EQT Trading at 4.47% 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 -17.64% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares surge +10.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.23% upper at present.
During the last 5 trading sessions, EQT rose by +2.11%, which changed the moving average for the period of 200-days by -7.66% in comparison to the 20-day moving average, which settled at $35.87. In addition, EQT Corp saw -3.65% 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 4.37. 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
To wrap up, the performance of EQT Corp (EQT) has been better in recent times. The stock has received a mixed of “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.
