EQT Corp (NYSE: EQT) Stock Forecast: $65 Per Share In 2024 With Positive Signs

NOVA

In the last trading session, 10.53 million shares of the EQT Corp (NYSE:EQT) were traded, and its beta was 1.12. Most recently the company’s share price was $37.97, and it changed around $1.32 or 3.60% from the last close, which brings the market valuation of the company to $16.73B. EQT currently trades at a discount to its 52-week high of $45.23, offering almost -19.12% off that amount. The share price’s 52-week low was $30.84, which indicates that the current value has risen by an impressive 18.78% since then. We note from EQT Corp’s average daily trading volume that its 3-month average coming to 6.49 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 $EQT Corporation for the current quarter.

EQT Corp (NYSE:EQT) trade information

Instantly EQT has showed a green trend with a performance of 3.60% 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 -1.78% year-to-date, but still up 3.97% over the last five days. On the other hand, EQT Corp (NYSE:EQT) is 10.51% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $41.12, which translates to bulls needing to increase their stock price by 7.66% 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 not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -11.88 percent over the past six months and at a -53.28% annual growth rate that is well below the industry average of -1.50%.

EQT Corp earnings are expected to increase by -42.08% 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 in May. The annual dividend yield of the stock is 1.62 percent and its annual dividend per share was 0.61. It is important to note, however, that the 1.62% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.