EQT Corporation (NYSE:EQT) has a beta value of 1.29 and has seen 1,774,613 shares traded in the recent trading session. The company, currently valued at $2.96 Billion, closed the recent trade at $11.58 per share which meant it gained $0.5 on the day or 4.7% during that session. The EQT stock price is -48.19% off its 52-week high price of $17.16 and 63.64% above the 52-week low of $4.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.08 Million shares traded. The 3-month trading volume is 8.11 Million shares.
EQT Corporation (NYSE:EQT) trade information
Sporting 3.98% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the EQT stock price touched $12.61- or saw a rise of 9.68%. Year-to-date, EQT Corporation shares have moved 4.49%, while the 5-day performance has seen it change -7.02%. Over the past 30 days, the shares of EQT Corporation (NYSE:EQT) have changed -14.62%. Short interest in the company has seen 21.67 Million shares shorted with days to cover at 2.67.
EQT Corporation (EQT) estimates and forecasts
Figures show that EQT Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained +5.84% over the past 6 months, with this year growth rate of -125.3%, compared to -30.8% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -277.8% and -216.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be -10.7%.
8 analysts offering their estimates for the company have set an average revenue estimate of $779.46 Million for the current quarter. 8 have an estimated revenue figure of $842.47 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $951.31 Million and $941.67 Million respectively for this quarter and the next, and analysts expect sales will grow by -18.1% for the current quarter and -10.5% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -31.2% over the past 5 years. Earnings growth for 2020 is a modest +52.2% while over the next 5 years, the company’s earnings are expected to increase by 5%.
EQT Corporation (NYSE:EQT)’s Major holders
Insiders own 1.22% of the company shares, while shares held by institutions stand at 96.7% with a share float percentage of 97.89%. Investors are also buoyed by the number of investors in a company, with EQT Corporation having a total of 411 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 28.74 Million shares worth more than $203.2 Million. As of March 30, 2020, Price (T.Rowe) Associates Inc held 11.25% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 24.88 Million shares as of March 30, 2020. The firm’s total holdings are worth over $175.88 Million and represent 9.74% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) Mid-Cap Value Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF. As of March 30, 2020, the former fund manager holds about 7.39% shares in the company for having 18868196 shares of worth $133.4 Million while later fund manager owns 8.89 Million shares of worth $62.87 Million as of March 30, 2020, which makes it owner of about 3.48% of company’s outstanding stock.