EQT Corp [NYSE: EQT] plunged by -$2.91 during the normal trading session on while it closed the day at $34.61. The company report on March 11, 2024 at 6:30 AM that EQT Announces Transformative Acquisition of Equitrans Midstream.
Creates America’s only large-scale, vertically integrated natural gas company prepared to compete on the global stage.
All stock transaction with combined company enterprise value over $35 billion.
EQT Corp stock has also loss -7.81% of its value over the past 7 days. However, EQT stock has declined by -6.43% in the 3 months of the year. Over the past six months meanwhile, it has lost -18.53% and lost -10.48% year-on date.
The market cap for EQT stock reached $15.24 billion, with 419.90 million shares outstanding and 410.75 million shares in the current float. Compared to the average trading volume of 5.64M shares, EQT reached a trading volume of 28469731 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 $44.00 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 1.77. 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. While these analysts kept the previous recommendation, Bernstein raised their target price to Underperform. The new note on the price target was released on October 11, 2023, representing the official price target for EQT Corp stock.
The Average True Range (ATR) for EQT Corp is set at 1.26, with the Price to Sales ratio for EQT stock in the period of the last 12 months amounting to 3.01. The Price to Book ratio for the last quarter was 0.98, with the Price to Cash per share for the same quarter was set at 0.18. Price to Free Cash Flow for EQT in the course of the last twelve months was 13.14 with Quick ratio for the last quarter at 0.99.
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 -7.81. With this latest performance, EQT shares dropped by -0.40% in over the last four-week period, additionally sinking by -18.53% over the last 6 months – not to mention a rise of 10.43% 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 40.01, with the RSI for the last a single of trading hit 34.17, and the three-weeks RSI is set at 42.34 for EQT Corp [EQT]. The present Moving Average for the last 50 days of trading for this stock 36.29, while it was recorded at 36.99 for the last single week of trading, and 39.47 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 0.99 and a Current Ratio set at 0.99.
Earnings per share (EPS) analysis for EQT Corp [EQT] stock
With the latest financial reports released by the company, EQT Corp posted 1.7/share EPS, while the average EPS was predicted by analysts to be reported at 1.27/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 33.90%. 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 15.00%.
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%.
