EQT Corp [EQT] fell -6.98% so far this year. What now?

EQT Corp [NYSE: EQT] closed the trading session at $35.96. The company report on January 17, 2024 at 4:30 PM that EQT Announces Pricing of $750 Million of New Senior Notes.

EQT Corporation (NYSE: EQT) (“EQT”) today announced that it has priced an underwritten public offering (the “Offering”) of $750 million in aggregate principal amount of its 5.750% senior notes due 2034 (the “Notes”). EQT expects the Offering to close on January 19, 2024, subject to the satisfaction of customary closing conditions.

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EQT expects to use the net proceeds from the Offering to repay a portion of the borrowings under its term loan facility, which were incurred in connection with its acquisition of Tug Hill and XcL Midstream. In conjunction with the Offering, and subject to such repayment and the satisfaction of customary closing conditions, the term loan facility will be amended to, among other things, extend its maturity date from June 30, 2025 to June 30, 2026.

The stocks have a year to date performance of -6.98 percent and weekly performance of -5.54 percent. The stock has been moved at -9.28 percent over the last six months. The stock has performed -7.37 percent around the most recent 30 days and changed -17.33 percent over the most recent 3-months.

If compared to the average trading volume of 5.42M shares, EQT reached to a volume of 5658760 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 Corp [EQT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EQT shares is $45.68 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 1.74. 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.

Citigroup have made an estimate for EQT Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 11, 2023.

The Average True Range (ATR) for EQT Corp is set at 1.07, with the Price to Sales ratio for EQT stock in the period of the last 12 months amounting to 2.36. The Price to Book ratio for the last quarter was 1.04, with the Price to Cash per share for the same quarter was set at 0.16. Price to Free Cash Flow for EQT in the course of the last twelve months was 8.31 with Quick ratio for the last quarter at 0.59.

EQT stock trade performance evaluation

EQT Corp [EQT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.54. With this latest performance, EQT shares dropped by -7.37% in over the last four-week period, additionally sinking by -9.28% over the last 6 months – not to mention a rise of 3.30% 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 34.09, with the RSI for the last a single of trading hit 29.11, and the three-weeks RSI is set at 37.36 for EQT Corp [EQT]. The present Moving Average for the last 50 days of trading for this stock 39.01, while it was recorded at 36.97 for the last single week of trading, and 39.01 for the last 200 days.

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

EQT Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.59 and a Current Ratio set at 0.59.

Earnings per share (EPS) analysis for EQT Corp [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 Corp go to 27.00%.

EQT Corp [EQT]: Institutional Ownership

The top three institutional holders of EQT stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in EQT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in EQT stock with ownership which is approximately 5.8325%.