EQT Corporation [EQT] gain 89.50% so far this year. What now?

EQT Corporation [NYSE: EQT] traded at a high on 11/21/22, posting a 0.73 gain after which it closed the day’ session at $41.33. The company report on November 1, 2022 that EQT Awarded Gold Standard Rating by United Nations’ Oil & Gas Methane Partnership.


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Recognized for Leading Methane Reductions Program and Setting Ambitious Emissions Reduction Targets  .

EQT Corporation (NYSE: EQT) today announced that the Oil & Gas Methane Partnership 2.0 (OGMP 2.0) awarded the Company a “Gold Standard” rating, the highest reporting level under the initiative, in recognition of EQT’s ambitious methane emissions reduction targets and advanced commitment to accurately measuring, reporting and reducing its company-specific and site level methane emissions.

The results of the trading session contributed to over 5430913 shares changing hands. Over the past one week, the price volatility of EQT Corporation stands at 4.16% while the volatility over the past one month is 5.33%.

The market cap for EQT stock reached $15.41 billion, with 369.99 million shares outstanding and 365.47 million shares in the current float. Compared to the average trading volume of 8.87M shares, EQT reached a trading volume of 5430913 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $62.25 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.

Jefferies have made an estimate for EQT Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 19, 2022. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $50 to $65. 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 from $72 to $74, while BofA Securities kept a Buy rating on EQT stock.

The Average True Range (ATR) for EQT Corporation is set at 2.27, with the Price to Sales ratio for EQT stock in the period of the last 12 months amounting to 1.96. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 0.23. Price to Free Cash Flow for EQT in the course of the last twelve months was 7.60 with Quick ratio for the last quarter at 0.60.

How has EQT stock performed recently?

EQT Corporation [EQT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.45. With this latest performance, EQT shares gained by 9.11% in over the last four-week period, additionally sinking by -7.08% over the last 6 months – not to mention a rise of 98.51% 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 48.33, with the RSI for the last a single of trading hit 47.72, and the three-weeks RSI is set at 48.34 for EQT Corporation [EQT]. The present Moving Average for the last 50 days of trading for this stock 42.42, while it was recorded at 41.86 for the last single week of trading, and 39.11 for the last 200 days.

EQT Corporation [EQT]: Deeper insight into the fundamentals

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 0.60 and a Current Ratio set at 0.60.

Insider trade positions for EQT Corporation [EQT]

There are presently around $15,240 million, or 99.10% of EQT stock, in the hands of institutional investors. The top three institutional holders of EQT stocks are: BLACKROCK INC. with ownership of 45,624,743, which is approximately -25.646% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 38,038,225 shares of the stock with an approximate value of $1.57 billion in EQT stocks shares; and STATE STREET CORP, currently with $977.69 million in EQT stock with ownership of nearly 78.074% 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 349 institutional holders increased their position in EQT Corporation [NYSE:EQT] by around 66,396,351 shares. Additionally, 241 investors decreased positions by around 51,285,350 shares, while 66 investors held positions by with 251,069,242 shares. The mentioned changes placed institutional holdings at 368,750,943 shares, according to the latest SEC report filing. EQT stock had 140 new institutional investments in for a total of 18,876,368 shares, while 46 institutional investors sold positions of 4,552,320 shares during the same period.

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