In last trading session, EQT Corp (NYSE:EQT) saw 5.36 million shares changing hands with its beta currently measuring 1.07. Company’s recent per share price level of $36.49 trading at -$0.57 or -1.54% at ring of the bell on the day assigns it a market valuation of $16.11B. That closing price of EQT’s stock is at a discount of -23.95% from its 52-week high price of $45.23 and is indicating a premium of 17.73% from its 52-week low price of $30.02. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.1 million shares which gives us an average trading volume of 8.28 million if we extend that period to 3-months.
For EQT Corp (EQT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.88. Splitting up the data highlights that, out of 28 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 22 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.12 in the current quarter.
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EQT Corp (NYSE:EQT) trade information
Upright in the red during last session for losing -1.54%, in the last five days EQT remained trading in the red while hitting it’s week-highest on Monday, 10/14/24 when the stock touched $36.49 price level, adding 1.88% to its value on the day. EQT Corp’s shares saw a change of -5.61% in year-to-date performance and have moved -2.46% in past 5-day. EQT Corp (NYSE:EQT) showed a performance of 5.07% in past 30-days. Number of shares sold short was 21.6 million shares which calculate 3.24 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 44 to the stock, which implies a rise of 17.07% to its current value. Analysts have been projecting 23 as a low price target for the stock while placing it at a high target of 57. It follows that stock’s current price would jump 36.97% in reaching the projected high whereas dropping to the targeted low would mean a gain of 36.97% for stock’s current value.
EQT Corp (EQT) estimates and forecasts
Statistics highlight that EQT Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -0.44% of value to its shares in past 6 months, showing an annual growth rate of -37.12% while that of industry is -11.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -1.60% 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 1.36B for the same. And 11 analysts are in estimates of company making revenue of 1.71B in the next quarter. Company posted 1.19B and 1.55B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around -45.11% 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 on 2024-Oct-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. With an annual yield of 1.73%, the share has a forward dividend of 0.63 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 0.49%.
EQT Corp (NYSE:EQT)’s Major holders
Insiders are in possession of 0.57% of company’s total shares while institution are holding 78.23 percent of that, with stock having share float percentage of 78.68%. Investors also watch the number of corporate investors in a company very closely, which is 78.23% institutions for EQT Corp that are currently holding shares of the company. PRICE T ROWE ASSOCIATES INC /MD/ is the top institutional holder at EQT for having 66.77 million shares of worth $2.47 billion. And as of 2024-06-30, it was holding 15.1075 of the company’s outstanding shares.
The second largest institutional holder is WELLINGTON MANAGEMENT GROUP LLP, which was holding about 53.45 million shares on 2024-06-30. The number of shares represents firm’s hold over 12.0941 of outstanding shares, having a total worth of $1.98 billion.
