EQT Corp (NYSE: EQT) Could Bring Massive Returns?

In the last trading session, 6.53 million shares of the EQT Corp (NYSE:EQT) were traded, and its beta was 1.13. Most recently the company’s share price was $37.11, and it changed around $0.04 or 0.11% from the last close, which brings the market valuation of the company to $16.36B. EQT currently trades at a discount to its 52-week high of $45.23, offering almost -21.88% off that amount. The share price’s 52-week low was $30.79, which indicates that the current value has risen by an impressive 17.03% since then. We note from EQT Corp’s average daily trading volume that its 10-day average is 8.51 million shares, with the 3-month average coming to 6.56 million.

EQT Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 18 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 7 recommended EQT as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. EQT Corp is expected to report earnings per share of $0.72 for the current quarter.

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EQT Corp (NYSE:EQT) trade information

Instantly EQT has showed a green trend with a performance of 0.11% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -4.01% year-to-date, but still up 8.00% over the last five days. On the other hand, EQT Corp (NYSE:EQT) is -0.11% down in the 30-day period. We can see from the shorts that 20.96 million shares have been sold at a short interest cover period of 2.49 day(s).

The consensus price target as assigned by Wall Street analysts is $45.43, which translates to bulls needing to increase their stock price by 18.31% from its current value. Analyst projections state that EQT is forecast to be at a low of $23 and a high of $65.

EQT Corp (EQT) estimates and forecasts

EQT Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -8.23 percent over the past six months and at a 3.93% annual growth rate that is well above the industry average of -3.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -57.60% in revenue this quarter, and will report an increase of 205.90% in the next quarter. The year-over-year growth rate is expected to be 12.10%, up from the previous year.

Consensus estimates provided by 11 financial analysts predict the company will bring in an average of $1.67 billion in revenue for the current quarter. 11 analysts expect EQT Corp to make $1.4 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $1.89 billion and $993.08 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -11.70%. Forecasts for the next quarter put sales growth at 41.00%.

EQT Corp earnings are expected to increase by -27.97% in 2024, but the outlook is positive 15.00% per year for the next five years.

EQT Dividends

EQT Corp’s next quarterly earnings report is expected to be released around April 24 and April 29. The annual dividend yield of the stock is 1.66 percent and its annual dividend per share was 0.61. It is important to note, however, that the 1.66% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

EQT Corp (NYSE:EQT)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 6.21% of EQT Corp shares, and 91.76% of them are in the hands of institutional investors. The stock currently has a share float of 97.83%. EQT Corp stock is held by 920 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 11.44% of the shares, which is about 41.36 million shares worth $1.7 billion.

Price (T.Rowe) Associates Inc, with 10.34% or 37.41 million shares worth $1.54 billion as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select were the top two Mutual Funds as of Jun 29, 2023. The former held 11.27 million shares worth $463.67 million, making up 3.12% of all outstanding shares. On the other hand, Select Sector SPDR Fund-Energy Select held roughly 9.85 million shares worth around $425.52 million, which represents about 2.72% of the total shares outstanding.