During the last session, EQT Corp (NYSE:EQT)’s traded shares were 3.68 million, with the beta value of the company hitting 1.14. At the end of the trading day, the stock’s price was $36.48, reflecting an intraday loss of -0.76% or -$0.28. The 52-week high for the EQT share is $45.23, that puts it down -23.99 from that peak though still a striking 15.46% gain since the share price plummeted to a 52-week low of $30.84. The company’s market capitalization is $16.08B, and the average intraday trading volume over the past 10 days was 6.34 million shares, and the average trade volume was 6.58 million shares over the past three months.
EQT Corp (NYSE:EQT) trade information
EQT Corp (EQT) registered a -0.76% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.76% in intraday trading to $36.48, hitting a weekly high. The stock’s 5-day price performance is -1.59%, and it has moved by -2.95% in 30 days. Based on these gigs, the overall price performance for the year is 12.32%. The short interest in EQT Corp (NYSE:EQT) is 20.96 million shares and it means that shorts have 2.49 day(s) to cover.
EQT Corp (EQT) estimates and forecasts
Statistics show that EQT Corp has outperformed its competitors in share price, compared to the industry in which it operates. EQT Corp (EQT) shares have gone down -7.99% during the last six months, with a year-to-date growth rate more than the industry average at 5.68% against -3.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -60.00% this quarter and then jump 182.40% in the quarter after that. In the rating firms’ projections, revenue will increase 11.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.65 billion as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to $1.37 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.89 billion and $993.08 million respectively. In this case, analysts expect current quarter sales to shrink by -12.50% and then jump by 38.40% in the coming quarter.
While earnings are projected to return -38.84% in 2024, the next five years will return 15.00% per annum.
EQT Dividends
EQT Corp is due to release its next quarterly earnings between April 24 and April 29. 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 Corp is 0.61, with the dividend yield indicating at 1.69 percent, continuing the trend of increasing dividends in recent years.
EQT Corp (NYSE:EQT)’s Major holders
EQT Corp insiders own 6.21% of total outstanding shares while institutional holders control 91.68%, with the float percentage being 97.75%. Vanguard Group Inc is the largest shareholder of the company, while 915 institutions own stock in it. As of Jun 29, 2023, the company held over 41.36 million shares (or 11.44% of all shares), a total value of $1.7 billion in shares.
The next largest institutional holding, with 37.41 million shares, is of Price (T.Rowe) Associates Inc’s that is approximately 10.34% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $1.54 billion.
Also, the Mutual Funds coming in first place with the largest holdings of EQT Corp (EQT) shares are Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 11.27 million shares. This amounts to just over 3.12 percent of the company’s overall shares, with a $463.67 million market value. The same data shows that the other fund manager holds slightly less at 9.85 million, or about 2.72% of the stock, which is worth about $425.52 million.
