EQT Corporation [NYSE: EQT] gained 2.15% on the last trading session, reaching $49.02 price per share at the time.
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EQT Corporation represents 374.14 million in outstanding shares, while the company has a total market value of $18.45 billion with the latest information. EQT stock price has been found in the range of $48.38 to $49.94.
If compared to the average trading volume of 9.76M shares, EQT reached a trading volume of 5912800 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 $53.80 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 1.90. 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.
Tudor Pickering Holt & Co. have made an estimate for EQT Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 11, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $24 to $31. The new note on the price target was released on November 19, 2021, representing the official price target for EQT Corporation stock. Previously, the target price had yet another raise to $31, while JP Morgan analysts kept a Overweight rating on EQT stock.
The Average True Range (ATR) for EQT Corporation is set at 2.51, with the Price to Sales ratio for EQT stock in the period of the last 12 months amounting to 12.01. The Price to Book ratio for the last quarter was 2.24, with the Price to Cash per share for the same quarter was set at 0.04. Price to Free Cash Flow for EQT in the course of the last twelve months was 16.17 with Quick ratio for the last quarter at 0.40.
Trading performance analysis for EQT stock
EQT Corporation [EQT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.22. With this latest performance, EQT shares gained by 16.94% in over the last four-week period, additionally plugging by 150.49% over the last 6 months – not to mention a rise of 124.45% 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 66.94, with the RSI for the last a single of trading hit 68.49, and the three-weeks RSI is set at 65.97 for EQT Corporation [EQT]. The present Moving Average for the last 50 days of trading for this stock 40.89, while it was recorded at 48.68 for the last single week of trading, and 26.41 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 +40.57 and a Gross Margin at +43.44. EQT Corporation’s Net Margin is presently recorded at -16.90.
Return on Equity for this stock declined to -11.99, with Return on Assets sitting at -5.82.
EQT Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.
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 52.71%.
An analysis of insider ownership at EQT Corporation [EQT]
There are presently around $17,171 million, or 96.10% of EQT stock, in the hands of institutional investors. The top three institutional holders of EQT stocks are: BLACKROCK INC. with ownership of 63,878,979, which is approximately 16.311% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 32,182,625 shares of the stock with an approximate value of $1.54 billion in EQT stocks shares; and FMR LLC, currently with $1.19 billion in EQT stock with ownership of nearly 12.359% of the company’s market capitalization.
Positions in EQT Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 273 institutional holders increased their position in EQT Corporation [NYSE:EQT] by around 88,013,706 shares. Additionally, 183 investors decreased positions by around 60,217,447 shares, while 52 investors held positions by with 209,576,628 shares. The mentioned changes placed institutional holdings at 357,807,781 shares, according to the latest SEC report filing. EQT stock had 125 new institutional investments in for a total of 37,055,093 shares, while 52 institutional investors sold positions of 25,343,426 shares during the same period.