During the recent session, EQT Corporation (NYSE:EQT)’s traded shares were 1.98 million, with the beta value of the company hitting 0.99. At the last check today, the stock’s price was $38.52, reflecting an intraday gain of 2.15% or $0.81. The 52-week high for the EQT share is $45.50, that puts it down -18.12 from that peak though still a striking 59.22% gain since the share price plummeted to a 52-week low of $15.71. The company’s market capitalization is $14.23B, and the average trade volume was 10.22 million shares over the past three months.
EQT Corporation (EQT) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. EQT has a Sell rating from 0 analyst(s) out of 23 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 18 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.55.
EQT Corporation (NYSE:EQT) trade information
EQT Corporation (EQT) registered a 2.15% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.15% in intraday trading to $38.52 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -10.04%, and it has moved by -5.96% in 30 days. Based on these gigs, the overall price performance for the year is 87.24%.
The consensus price target of analysts on Wall Street is $52.14, which implies an increase of 26.12% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $41.00 and $64.00 respectively. As a result, EQT is trading at a discount of -66.15% off the target high and -6.44% off the low.
EQT Corporation (EQT) estimates and forecasts
Statistics show that EQT Corporation has outperformed its competitors in share price, compared to the industry in which it operates. EQT Corporation (EQT) shares have gone up 92.01% during the last six months, with a year-to-date growth rate more than the industry average at 196.74% against 36.90. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 2,850.00% this quarter and then jump 210.00% in the quarter after that. In the rating firms’ projections, revenue will increase 33.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.47 billion as predicted by 10 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to $1.58 billion by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $922.33 million and $1.08 billion respectively. In this case, analysts expect current quarter sales to grow by 59.00% and then jump by 46.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 6.90%. While earnings are projected to return 3.60% in 2022, the next five years will return 52.71% per annum.
EQT Corporation is due to release its next quarterly earnings between February 15 and February 21. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for EQT Corporation is 0.50, with the dividend yield indicating at 1.33 percent, continuing the trend of increasing dividends in recent years.
EQT Corporation (NYSE:EQT)’s Major holders
EQT Corporation insiders own 0.41% of total outstanding shares while institutional holders control 89.83%, with the float percentage being 90.20%. Blackrock Inc. is the largest shareholder of the company, while 504 institutions own stock in it. As of Sep 29, 2021, the company held over 49.97 million shares (or 13.22% of all shares), a total value of $1.02 billion in shares.
The next largest institutional holding, with 28.67 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 7.58% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $586.5 million.
Also, the Mutual Funds coming in first place with the largest holdings of EQT Corporation (EQT) shares are Price (T.Rowe) Mid-Cap Value Fund and Vanguard Total Stock Market Index Fund. Data provided on Sep 29, 2021 indicates that Price (T.Rowe) Mid-Cap Value Fund owns about 14.97 million shares. This amounts to just over 3.96 percent of the company’s overall shares, with a $306.24 million market value. The same data shows that the other fund manager holds slightly less at 8.54 million, or about 2.26% of the stock, which is worth about $174.76 million.