In the last trading session, 1.45 million EQT Corp (NYSE:EQT) shares changed hands as the company’s beta touched 1.07. With the company’s per share price at $36.77 changed hands at $0.52 or 1.43% during last session, the market valuation stood at $16.24B. EQT’s last price was a discount, traded about -23.01% off its 52-week high of $45.23. The share price had its 52-week low at $30.02, which suggests the last value was 18.36% up since then. When we look at EQT Corp’s average trading volume, we note the 10-day average is 7.17 million shares, with the 3-month average coming to 8.10 million.
Analysts gave the EQT Corp (EQT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.96. If we narrow down to specifics, the data shows that 0 out of 28 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended EQT as a Hold, 22 felt it is a Buy and 0 rated the stock as Underweight. EQT Corp’s EPS for the current quarter is expected to be 0.26.
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EQT Corp (NYSE:EQT) trade information
Instantly EQT was in green as seen at the end of in last trading. With action 4.58%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -4.89%, with the 5-day performance at 4.58% in the green. However, in the 30-day time frame, EQT Corp (NYSE:EQT) is 11.70% up. Looking at the short shares, we see there were 19.3 million shares sold at short interest cover period of 3.02 days.
The consensus price target for the stock as assigned by Wall Street analysts is 43, meaning bulls need an upside of 14.49% from its current market value. According to analyst projections, EQT’s forecast low is 23 with 57 as the target high. To hit the forecast high, the stock’s price needs a -55.02% plunge from its current level, while the stock would need to tank 37.45% for it to hit the projected low.
EQT Corp (EQT) estimates and forecasts
Data shows that the EQT Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -1.13% over the past 6 months, a -39.30% in annual growth rate that is considerably lower than the industry average of -11.40%. Year-over-year growth is forecast to reach -0.80% down from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 1.5B. 11 analysts are of the opinion that EQT Corp’s revenue for the current quarter will be 1.76B. The company’s revenue for the corresponding quarters a year ago was 1.19B and 1.55B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 26.10%. The estimates for the next quarter sales put growth at 13.30%.
The 2024 estimates are for EQT Corp earnings to decrease by -41.15%, but the outlook for the next 5-year period is at 15.00% per year.
EQT Dividends
EQT Corp is expected to release its next quarterly earnings report on 2024-Oct-23. The 1.71% annual yield figure for the share gives it an annual dividend of 0.63. It is important to note, however, that the 1.71% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 0.49 per year.
EQT Corp (NYSE:EQT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.59% of EQT Corp shares while 77.07% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.78%. There are 77.07% institutions holding the EQT Corp stock share, with PRICE T ROWE ASSOCIATES INC /MD/ the top institutional holder. As of 2024-06-30, the company held 15.1075% of the shares, roughly 66.77 million EQT shares worth $2.47 billion.
WELLINGTON MANAGEMENT GROUP LLP holds the second largest percentage of outstanding shares, with 12.0941% or 53.45 million shares worth $1.98 billion as of 2024-06-30.
