In last trading session, EQT Corp (NYSE:EQT) saw 4.89 million shares changing hands with its beta currently measuring 1.12. Company’s recent per share price level of $34.36 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $15.14B. That closing price of EQT’s stock is at a discount of -31.64% from its 52-week high price of $45.23 and is indicating a premium of 15.45% from its 52-week low price of $29.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.69 million shares which gives us an average trading volume of 6.31 million if we extend that period to 3-months.
EQT Corp (NYSE:EQT) trade information
In the last five days EQT remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $34.36 price level, adding 0.15% to its value on the day. EQT Corp’s shares saw a change of -11.12% in year-to-date performance and have moved 2.78% in past 5-day. EQT Corp (NYSE:EQT) showed a performance of -7.93% in past 30-days. Number of shares sold short was 14.61 million shares which calculate 2.67 days to cover the short interests.
EQT Corp (EQT) estimates and forecasts
Statistics highlight that EQT Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -11.31% of value to its shares in past 6 months, showing an annual growth rate of 4.80% while that of industry is -1.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -55.90% in the current quarter and calculating 217.60% increase in the next quarter. This year revenue growth is estimated to rise 12.90% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.69 billion for the same. And 11 analysts are in estimates of company making revenue of $1.41 billion in the next quarter that will end on Jun 2024. Company posted $1.89 billion and $993.08 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -10.60% while estimating it to be 41.50% for the next quarter.
In 2024, company’s earnings growth rate is likely to be around -22.42% while estimates for its earnings growth in next 5 years are of 15.00%.
EQT Dividends
EQT Corp is more likely to be releasing its next quarterly report between April 24 and April 29 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
EQT Corp (NYSE:EQT)’s Major holders
Insiders are in possession of 6.21% of company’s total shares while institution are holding 91.70 percent of that, with stock having share float percentage of 97.76%. Investors also watch the number of corporate investors in a company very closely, which is 91.70% institutions for EQT Corp that are currently holding shares of the company. Price (T.Rowe) Associates Inc is the top institutional holder at EQT for having 52.88 million shares of worth $1.82 billion. And as of Dec 30, 2023, it was holding 12.01% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 46.92 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 10.65% of outstanding shares, having a total worth of $1.61 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard/Wellington Fund Inc. are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 12.89 million shares of worth $442.87 million or 2.93% of the total outstanding shares. The later fund manager was in possession of 11.05 million shares on Nov 29, 2023, making its stake of worth around $379.85 million in the company or a holder of 2.51% of company’s stock.
