EQT Corporation [NYSE: EQT] gained 0.05% or 0.01 points to close at $21.82 with a heavy trading volume of 6315143 shares. The company report on December 29, 2021 that EQT COMMENCES DEBT TENDER OFFER.
EQT Corporation (NSYE: EQT) (the Company or EQT) today announced it has commenced a tender offer (the Tender Offer) to purchase for cash up to $250.0 million aggregate principal amount (the Maximum Tender Amount) of its outstanding 3.000% Senior Notes due 2022 (the Notes).
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The following table sets forth some of the terms of the Tender Offer:.
It opened the trading session at $21.81, the shares rose to $22.275 and dropped to $21.61, the range by which the price of stock traded the whole day. The daily chart for EQT points out that the company has recorded 5.51% gains over the past six months. However, it is still -68.75% lower than its most recent low trading price.
If we look at the average trading volume of 7.25M shares, EQT reached to a volume of 6315143 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about EQT Corporation [EQT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EQT shares is $31.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EQT stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for EQT Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 19, 2021. The new note on the price target was released on October 29, 2021, representing the official price target for EQT Corporation stock. Previously, the target price had yet another raise to $23, while Citigroup analysts kept a Buy rating on EQT stock. On June 18, 2021, analysts increased their price target for EQT shares from 22 to 24.
The Average True Range (ATR) for EQT Corporation is set at 0.87, with the Price to Sales ratio for EQT stock in the period of the last 12 months amounting to 17.31. The Price to Book ratio for the last quarter was 0.94, with the Price to Cash per share for the same quarter was set at 0.06.
Trading performance analysis for EQT stock
EQT Corporation [EQT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.38. With this latest performance, EQT shares gained by 17.63% in over the last four-week period, additionally plugging by 5.51% over the last 6 months – not to mention a rise of 62.71% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EQT stock in for the last two-week period is set at 54.04, with the RSI for the last a single of trading hit 52.38, and the three-weeks RSI is set at 53.93 for EQT Corporation [EQT]. The present Moving Average for the last 50 days of trading for this stock 21.03, while it was recorded at 22.27 for the last single week of trading, and 20.10 for the last 200 days.
EQT Corporation [EQT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and EQT Corporation [EQT] shares currently have an operating margin of -30.36 and a Gross Margin at -23.79. EQT Corporation’s Net Margin is presently recorded at -36.38.
Return on Total Capital for EQT is now -5.49, given the latest momentum, and Return on Invested Capital for the company is -6.63. Return on Equity for this stock declined to -10.15, with Return on Assets sitting at -5.24. When it comes to the capital structure of this company, EQT Corporation [EQT] has a Total Debt to Total Equity ratio set at 53.49. Additionally, EQT Total Debt to Total Capital is recorded at 34.85, with Total Debt to Total Assets ending up at 27.33. Long-Term Debt to Equity for the company is recorded at 51.55, with the Long-Term Debt to Total Capital now at 33.59.
Reflecting on the efficiency of the workforce at the company, EQT Corporation [EQT] managed to generate an average of -$1,549,946 per employee. Receivables Turnover for the company is 3.60 with a Total Asset Turnover recorded at a value of 0.14.EQT Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.
EQT Corporation [EQT]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EQT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for EQT Corporation go to 5.00%.
An analysis of insider ownership at EQT Corporation [EQT]
There are presently around $7,488 million, or 92.70% of EQT stock, in the hands of institutional investors. The top three institutional holders of EQT stocks are: BLACKROCK INC. with ownership of 49,971,707, which is approximately 9.779% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 28,665,502 shares of the stock with an approximate value of $625.2 million in EQT stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $538.26 million in EQT stock with ownership of nearly -13.897% of the company’s market capitalization.
Positions in EQT Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 231 institutional holders increased their position in EQT Corporation [NYSE:EQT] by around 101,993,646 shares. Additionally, 148 investors decreased positions by around 32,412,966 shares, while 56 investors held positions by with 208,910,445 shares. The mentioned changes placed institutional holdings at 343,317,057 shares, according to the latest SEC report filing. EQT stock had 89 new institutional investments in for a total of 62,519,565 shares, while 45 institutional investors sold positions of 8,758,475 shares during the same period.