EQT Corp (NYSE: EQT) has a price-to-earnings ratio of 54.03x that is above its average ratio. Additionally, the 36-month beta value for EQT is 1.13. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 5 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
The public float for EQT is 592.67M and currently, short sellers hold a 3.49% ratio of that float. The average trading volume of EQT on December 16, 2024 was 7.30M shares.
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EQT) stock’s latest price update
EQT Corp (NYSE: EQT) has experienced a decline in its stock price by -0.59 compared to its previous closing price of 45.86. However, the company has seen a gain of 5.22% in its stock price over the last five trading days. prnewswire.com reported 2024-12-13 that The offering resulted in gross proceeds of USD232,925,000 NEW YORK, Dec. 13, 2024 /PRNewswire/ — An affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV (“EQT”) is pleased to announce the completion of an underwritten public offering (the “Offering”) of 5,500,000 shares of common stock of Kodiak Gas Services, Inc. (NYSE: KGS) (the “Company”) for gross proceeds of USD232,925,000. Goldman Sachs & Co. LLC and J.P.
EQT’s Market Performance
EQT Corp (EQT) has experienced a 5.22% rise in stock performance for the past week, with a 5.26% rise in the past month, and a 35.89% rise in the past quarter. The volatility ratio for the week is 3.09%, and the volatility levels for the past 30 days are at 2.97% for EQT. The simple moving average for the last 20 days is 1.55% for EQT’s stock, with a simple moving average of 21.49% for the last 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 11.66% 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 -5.06% of loss for the given period.
Volatility was left at 2.97%, however, over the last 30 days, the volatility rate increased by 3.09%, as shares surge +6.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.02% upper at present.
During the last 5 trading sessions, EQT rose by +5.22%, which changed the moving average for the period of 200-days by +22.72% in comparison to the 20-day moving average, which settled at $44.89. In addition, EQT Corp saw 17.93% 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
In conclusion, EQT Corp (EQT) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
