EQT Corporation [EQT] Is Currently -0.93 below its 200 Period Moving Avg: What Does This Mean?

EQT Corporation [NYSE: EQT] plunged by -$0.4 during the normal trading session on Monday and reaching a high of $44.84 during the day while it closed the day at $42.77. The company report on September 26, 2022 that EQT NAMED ONE OF PITTSBURGH’S TOP 2022 WORKPLACES.


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EQT CEO, Toby Z. Rice Recognized as Top Leader.

EQT Corporation (NYSE: EQT) today announced it has been awarded a 2022 Top Workplace honor placing second among large Pittsburgh-based employers in the Post-Gazette’s annual Top Workplaces survey program. In addition, EQT President and CEO, Toby Z. Rice was honored as Top Leader in the large employer category.

EQT Corporation stock has also gained 2.44% of its value over the past 7 days. However, EQT stock has inclined by 24.37% in the 3 months of the year. Over the past six months meanwhile, it has gained 11.64% and gained 96.10% year-on date.

The market cap for EQT stock reached $16.08 billion, with 369.87 million shares outstanding and 367.67 million shares in the current float. Compared to the average trading volume of 8.46M shares, EQT reached a trading volume of 4903619 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $63.26 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.

BMO Capital Markets have made an estimate for EQT Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 19, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price from $72 to $74. The new note on the price target was released on September 19, 2022, representing the official price target for EQT Corporation stock. Previously, the target price had yet another raise to $54, while Scotiabank analysts kept a Sector Outperform rating on EQT stock.

The Average True Range (ATR) for EQT Corporation is set at 2.42, with the Price to Sales ratio for EQT stock in the period of the last 12 months amounting to 3.72. The Price to Book ratio for the last quarter was 1.75, with the Price to Cash per share for the same quarter was set at 0.12. Price to Free Cash Flow for EQT in the course of the last twelve months was 14.52 with Quick ratio for the last quarter at 0.60.

EQT stock trade performance evaluation

EQT Corporation [EQT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.44. With this latest performance, EQT shares dropped by -11.54% in over the last four-week period, additionally plugging by 11.64% over the last 6 months – not to mention a rise of 104.84% 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 46.21, with the RSI for the last a single of trading hit 46.07, and the three-weeks RSI is set at 47.14 for EQT Corporation [EQT]. The present Moving Average for the last 50 days of trading for this stock 45.33, while it was recorded at 44.03 for the last single week of trading, and 36.20 for the last 200 days.

EQT Corporation [EQT]: An insightful look at the core fundamentals

EQT Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

Earnings per share (EPS) analysis for EQT Corporation [EQT] stock

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 59.17%.

EQT Corporation [EQT]: Insider Ownership positions

There are presently around $15,477 million, or 96.90% of EQT stock, in the hands of institutional investors. The top three institutional holders of EQT stocks are: BLACKROCK INC. with ownership of 61,361,123, which is approximately -3.942% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 31,745,155 shares of the stock with an approximate value of $1.36 billion in EQT stocks shares; and FMR LLC, currently with $1.01 billion in EQT stock with ownership of nearly -5.018% of the company’s market capitalization.

Positions in EQT Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 316 institutional holders increased their position in EQT Corporation [NYSE:EQT] by around 63,989,492 shares. Additionally, 218 investors decreased positions by around 50,986,972 shares, while 50 investors held positions by with 246,897,666 shares. The mentioned changes placed institutional holdings at 361,874,130 shares, according to the latest SEC report filing. EQT stock had 137 new institutional investments in for a total of 27,250,035 shares, while 61 institutional investors sold positions of 4,864,751 shares during the same period.

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