EQT Corporation [NYSE: EQT] price plunged by -2.04 percent to reach at -$0.88. The company report on August 24, 2023 at 5:33 AM that BPEA EQT exits Coforge, a multinational Digital IT Solutions & Technology Consulting Services provider.
BPEA EQT sells its remaining 26.6 percent stake in Coforge, an India-headquartered Digital IT Solutions & Technology Consulting Services provider, through a USD 924m block trade.
Ideally positioned in one of BPEA EQT’s core sectors, Tech Services, Coforge has under BPEA EQT’s ownership doubled its revenue and EBITDA, crossing USD 1 billion of revenue in April 2023 .
A sum of 5157579 shares traded at recent session while its average daily volume was at 5.61M shares. EQT Corporation shares reached a high of $43.48 and dropped to a low of $42.00 until finishing in the latest session at $42.33.
The one-year EQT stock forecast points to a potential upside of 12.16. The average equity rating for EQT stock is currently 2.10, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $48.19 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.
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 June 20, 2023.
The Average True Range (ATR) for EQT Corporation is set at 1.11, with the Price to Sales ratio for EQT stock in the period of the last 12 months amounting to 1.84. The Price to Book ratio for the last quarter was 1.28, with the Price to Cash per share for the same quarter was set at 3.02. Price to Free Cash Flow for EQT in the course of the last twelve months was 6.50 with Quick ratio for the last quarter at 1.10.
EQT Stock Performance Analysis:
EQT Corporation [EQT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.96. With this latest performance, EQT shares gained by 0.43% in over the last four-week period, additionally plugging by 28.47% over the last 6 months – not to mention a drop of -10.47% 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 49.67, with the RSI for the last a single of trading hit 46.11, and the three-weeks RSI is set at 51.95 for EQT Corporation [EQT]. The present Moving Average for the last 50 days of trading for this stock 41.50, while it was recorded at 43.19 for the last single week of trading, and 36.22 for the last 200 days.
Insight into EQT Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and EQT Corporation [EQT] shares currently have an operating margin of +63.78 and a Gross Margin at +66.33. EQT Corporation’s Net Margin is presently recorded at +14.59.
Return on Total Capital for EQT is now 47.52, given the latest momentum, and Return on Invested Capital for the company is 11.39. Return on Equity for this stock inclined to 16.71, with Return on Assets sitting at 7.88. When it comes to the capital structure of this company, EQT Corporation [EQT] has a Total Debt to Total Equity ratio set at 51.58. Additionally, EQT Total Debt to Total Capital is recorded at 34.03, with Total Debt to Total Assets ending up at 24.68. Long-Term Debt to Equity for the company is recorded at 47.48, with the Long-Term Debt to Total Capital now at 31.32.
Reflecting on the efficiency of the workforce at the company, EQT Corporation [EQT] managed to generate an average of $2,380,329 per employee. Receivables Turnover for the company is 7.97 with a Total Asset Turnover recorded at a value of 0.54.EQT Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
EQT Stock EPS
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 25.00%.
EQT Corporation [EQT] Institutonal Ownership Details
The top three institutional holders of EQT stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in EQT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in EQT stock with ownership which is approximately 5.7381%.