The stock price of EQT Corp (NYSE: EQT) has plunged by -2.52 when compared to previous closing price of 44.45, but the company has seen a -4.64% decline in its stock price over the last five trading sessions. 247wallst.com reported 2024-12-06 that Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%.
Is It Worth Investing in EQT Corp (NYSE: EQT) Right Now?
The price-to-earnings ratio for EQT Corp (NYSE: EQT) is 51.35x, which is above its average ratio. Moreover, the 36-month beta value for EQT is 1.13. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 5 as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for EQT is 592.52M and currently, short sellers hold a 3.80% of that float. On December 09, 2024, EQT’s average trading volume was 7.33M shares.
EQT’s Market Performance
EQT stock saw an increase of -4.64% in the past week, with a monthly gain of 7.76% and a quarterly increase of 35.79%. The volatility ratio for the week is 2.55%, and the volatility levels for the last 30 days are 2.92% for EQT Corp (EQT). The simple moving average for the past 20 days is -2.59% for EQT’s stock, with a 16.07% simple moving average for the past 200 days.
Analysts’ Opinion of EQT
Many brokerage firms have already submitted their reports for EQT stocks, with Bernstein repeating the rating for EQT by listing it as a “Mkt Perform.” The predicted price for EQT in the upcoming period, according to Bernstein is $50 based on the research report published on December 06, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see EQT reach a price target of $49. The rating they have provided for EQT stocks is “Sector Perform” according to the report published on December 03rd, 2024.
BofA Securities gave a rating of “Buy” to EQT, setting the target price at $50 in the report published on October 28th of the current year.
EQT Trading at 8.21% 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 -9.77% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 2.55%, as shares surge +6.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.02% upper at present.
During the last 5 trading sessions, EQT fell by -4.64%, which changed the moving average for the period of 200-days by +16.10% in comparison to the 20-day moving average, which settled at $44.48. In addition, EQT Corp saw 12.08% 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 KARAM THOMAS F, who sale 30,154 shares at the price of $44.83 back on Dec 03 ’24. After this action, KARAM THOMAS F now owns 201,608 shares of EQT Corp, valued at $1,351,804 using the latest closing price.
KARAM THOMAS F, the Director of EQT Corp, sale 15,768 shares at $44.95 during a trade that took place back on Dec 03 ’24, which means that KARAM THOMAS F is holding 0 shares at $708,772 based on the most recent closing price.
Stock Fundamentals for EQT
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.24 for the gross margin
The net margin for EQT Corp stands at 0.12. The total capital return value is set at 0.07. Equity return is now at value 1.82, with 0.97 for asset returns.
Based on EQT Corp (EQT), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.56. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is 8.18.
Currently, EBITDA for the company is 4.06 billion with net debt to EBITDA at -1.06. When we switch over and look at the enterprise to sales, we see a ratio of 4.64. The receivables turnover for the company is 4.18for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.51.
Conclusion
To wrap up, the performance of EQT Corp (EQT) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
