EQT Corp [NYSE: EQT] traded at a low on Monday, posting a -1.39 loss after which it closed the day’ session at $31.91.
The results of the trading session contributed to over 5757760 shares changing hands. Over the past one week, the price volatility of EQT Corp stands at 3.07% while the volatility over the past one month is 2.88%.
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The market cap for EQT stock reached $14.09 billion, with 441.60 million shares outstanding and 420.69 million shares in the current float. Compared to the average trading volume of 8.20M shares, EQT reached a trading volume of 5757760 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 Corp [EQT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EQT shares is $43.14 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 1.92. 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 Neutral, with their previous recommendation back on August 23, 2024. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $43 to $32. The new note on the price target was released on August 15, 2024, representing the official price target for EQT Corp stock. Previously, the target price had yet another raise from $40 to $42, while Wells Fargo kept a Overweight rating on EQT stock.
The Average True Range (ATR) for EQT Corp is set at 1.00, with the Price to Sales ratio for EQT stock in the period of the last 12 months amounting to 3.08. The Price to Book ratio for the last quarter was 0.93, with the Price to Cash per share for the same quarter was set at 0.07. Price to Free Cash Flow for EQT in the course of the last twelve months was 33.02 with Quick ratio for the last quarter at 0.73.
How has EQT stock performed recently?
EQT Corp [EQT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.77. With this latest performance, EQT shares gained by 3.07% in over the last four-week period, additionally sinking by -14.95% over the last 6 months – not to mention a drop of -23.59% 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 40.97, with the RSI for the last a single of trading hit 38.26, and the three-weeks RSI is set at 41.36 for EQT Corp [EQT]. The present Moving Average for the last 50 days of trading for this stock 33.95, while it was recorded at 32.53 for the last single week of trading, and 36.80 for the last 200 days.
EQT Corp [EQT]: Deeper insight into the fundamentals
EQT Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.73 and a Current Ratio set at 0.73.
Earnings analysis for EQT Corp [EQT]
With the latest financial reports released by the company, EQT Corp posted 0.3/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.38. 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%.
Insider trade positions for EQT Corp [EQT]
There are presently around $77.01%, or 80.71%% of EQT stock, in the hands of institutional investors. The top three institutional holders of EQT stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 66.77 million shares, which is approximately 15.1075%. WELLINGTON MANAGEMENT GROUP LLP, holding 53.45 million shares of the stock with an approximate value of $$1.98 billion in EQT stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $$1.97 billion in EQT stock with ownership which is approximately 12.0718%.
