EQT Corp (NYSE: EQT) has a higher price-to-earnings ratio of 23.77x compared to its average ratio. EQT has 36-month beta value of 1.07. Analysts have mixed views 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 438.28M, and currently, short sellers hold a 4.45% ratio of that float. The average trading volume of EQT on October 28, 2024 was 6.88M shares.
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EQT) stock’s latest price update
The stock price of EQT Corp (NYSE: EQT) has jumped by 1.41 compared to previous close of 36.96. Despite this, the company has seen a gain of 2.71% in its stock price over the last five trading days. reuters.com reported 2024-10-25 that Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about $3.5 billion, people familiar with the matter said on Friday.
EQT’s Market Performance
EQT’s stock has risen by 2.71% in the past week, with a monthly rise of 5.55% and a quarterly rise of 10.01%. The volatility ratio for the week is 2.31% while the volatility levels for the last 30 days are 2.36% for EQT Corp. The simple moving average for the past 20 days is 1.95% for EQT’s stock, with a 3.25% simple moving average for the past 200 days.
Analysts’ Opinion of EQT
Many brokerage firms have already submitted their reports for EQT stocks, with Citigroup repeating the rating for EQT by listing it as a “Buy.” The predicted price for EQT in the upcoming period, according to Citigroup is $44 based on the research report published on October 03, 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 $37. The rating they have provided for EQT stocks is “Neutral” according to the report published on August 23rd, 2024.
Piper Sandler gave a rating of “Neutral” to EQT, setting the target price at $32 in the report published on August 15th of the current year.
EQT Trading at 7.58% 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 -17.13% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares surge +2.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.94% upper at present.
During the last 5 trading sessions, EQT rose by +2.71%, which changed the moving average for the period of 200-days by -0.61% in comparison to the 20-day moving average, which settled at $36.76. In addition, EQT Corp saw -3.05% 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 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:
- 0.11 for the present operating margin
- 0.02 for the gross margin
The net margin for EQT Corp stands at 0.15. The total capital return value is set at 0.02. Equity return is now at value 5.13, with 3.03 for asset returns.
Based on EQT Corp (EQT), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.52. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 2.04.
Currently, EBITDA for the company is 2.41 billion with net debt to EBITDA at 3.92. When we switch over and look at the enterprise to sales, we see a ratio of 5.95. The receivables turnover for the company is 6.76for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.73.
Conclusion
To put it simply, EQT Corp (EQT) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
