EQT Corp (NYSE:EQT) has a beta value of 1.13 and has seen 7.38 million shares traded in the last trading session. The company, currently valued at $14.79B, closed the last trade at $33.56 per share which meant it gained $0.16 on the day or 0.48% during that session. The EQT stock price is -34.77% off its 52-week high price of $45.23 and 13.44% above the 52-week low of $29.05. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.73 million shares traded. The 3-month trading volume is 6.30 million shares.
EQT Corp (NYSE:EQT) trade information
Sporting 0.48% in the green in last session, the stock has traded in the red over the last five days, when the EQT stock price touched $33.56 or saw a rise of 2.81%. Year-to-date, EQT Corp shares have moved -13.19%, while the 5-day performance has seen it change -2.78%. Over the past 30 days, the shares of EQT Corp (NYSE:EQT) have changed -3.29%. Short interest in the company has seen 14.61 million shares shorted with days to cover at 2.67.
EQT Corp (EQT) estimates and forecasts
Figures show that EQT Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -18.52% over the past 6 months, with this year growth rate of 4.80%, compared to -1.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -56.50% and 217.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 13.00%.
11 analysts offering their estimates for the company have set an average revenue estimate of $1.69 billion for the current quarter. 11 have an estimated revenue figure of $1.41 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $1.89 billion and $993.08 million respectively for this quarter and the next, and analysts expect sales will shrink by -10.60% for the current quarter and 41.50% for the next.
Earnings growth for 2024 is a modest -21.31% while over the next 5 years, the company’s earnings are expected to increase by 15.00%.
EQT Dividends
EQT Corp is expected to release its next earnings report between April 24 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.61 at a share yield of 1.83%. The company’s dividend yield has gone up over the past 12 months.
EQT Corp (NYSE:EQT)’s Major holders
Insiders own 6.21% of the company shares, while shares held by institutions stand at 91.70% with a share float percentage of 97.76%. Investors are also buoyed by the number of investors in a company, with EQT Corp having a total of 917 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 41.36 million shares worth more than $1.7 billion. As of Jun 29, 2023, Vanguard Group Inc held 11.44% of shares outstanding.
The other major institutional holder is Price (T.Rowe) Associates Inc, with the holding of over 37.41 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $1.54 billion and represent 10.34% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. As of Jun 29, 2023, the former fund manager holds about 3.12% shares in the company for having 11.27 million shares of worth $463.67 million while later fund manager owns 9.85 million shares of worth $425.52 million as of Aug 30, 2023, which makes it owner of about 2.72% of company’s outstanding stock.
