The stock of EQT Corp (EQT) has seen a -2.96% decrease in the past week, with a -3.88% drop in the past month, and a 17.68% flourish in the past quarter. The volatility ratio for the week is 2.48%, and the volatility levels for the past 30 days are at 2.62% for EQT. The simple moving average for the last 20 days is -3.74% for EQT stock, with a simple moving average of 1.10% for the last 200 days.
Is It Worth Investing in EQT Corp (NYSE: EQT) Right Now?
The price-to-earnings ratio for EQT Corp (NYSE: EQT) is 28.69x, 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.”
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The public float for EQT is 413.98M and currently, short sellers hold a 8.73% of that float. On June 17, 2024, EQT’s average trading volume was 6.75M shares.
EQT) stock’s latest price update
EQT Corp (NYSE: EQT)’s stock price has decreased by -2.38 compared to its previous closing price of 40.30. However, the company has seen a -2.96% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-06-06 that Considering the significant contributions of natural gas to electricity generation in the United States, Antero Resources (AR), Range Resources (RRC) and EQT are well poised to gain.
Analysts’ Opinion of EQT
Many brokerage firms have already submitted their reports for EQT stocks, with TD Cowen repeating the rating for EQT by listing it as a “Hold.” The predicted price for EQT in the upcoming period, according to TD Cowen is $43 based on the research report published on April 19, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see EQT reach a price target of $37, previously predicting the price at $48. The rating they have provided for EQT stocks is “Equal Weight” according to the report published on April 17th, 2024.
Scotiabank gave a rating of “Sector Outperform” to EQT, setting the target price at $52 in the report published on April 11th of the current year.
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 -13.02% of loss for the given period.
Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 2.48%, as shares sank -2.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.02% upper at present.
During the last 5 trading sessions, EQT fell by -2.96%, which changed the moving average for the period of 200-days by -7.96% in comparison to the 20-day moving average, which settled at $40.81. In addition, EQT Corp saw 1.76% 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 Jordan William E., who sale 35,000 shares at the price of $40.72 back on May 29 ’24. After this action, Jordan William E. now owns 456,837 shares of EQT Corp, valued at $1,425,200 using the latest closing price.
Evancho Lesley, the CHIEF HUMAN RESOURCES OFFICER of EQT Corp, sale 46,884 shares at $41.29 during a trade that took place back on May 28 ’24, which means that Evancho Lesley is holding 160,884 shares at $1,935,840 based on the most recent closing price.
Stock Fundamentals for EQT
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.05 for the gross margin
The net margin for EQT Corp stands at 0.14. The total capital return value is set at 0.03. Equity return is now at value 4.55, with 2.58 for asset returns.
Based on EQT Corp (EQT), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 3.52.
Currently, EBITDA for the company is 2.41 billion with net debt to EBITDA at 5.19. When we switch over and look at the enterprise to sales, we see a ratio of 4.9. The receivables turnover for the company is 8.47for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.88.
Conclusion
To wrap up, the performance of EQT Corp (EQT) has been mixed 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.
