In today’s recent session, 4.27 million shares of the EQT Corp (NYSE:EQT) have been traded, and its beta is 1.13. Most recently the company’s share price was $46.02, and it changed around $1.94 or 4.40% from the last close, which brings the market valuation of the company to $27.46B. EQT at last check was trading at a discount to its 52-week high of $44.62, offering almost 3.04% off that amount. The share price’s 52-week low was $30.02, which indicates that the recent value has risen by an impressive 34.77% since then. We note from EQT Corp’s average daily trading volume that its 10-day average is 7.63 million shares, with the 3-month average coming to 6.63 million.
EQT Corp stock received a consensus recommendation rating of Hold, based on a mean score of 1.92. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 10 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 0.48 for the current quarter.
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EQT Corp (NYSE:EQT) trade information
Instantly EQT has been showing a green trend so far today with a performance of 4.40% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 46.08 on recent trading dayincreased the stock’s daily price by 0.13%. The company’s shares are currently up 19.03% year-to-date, but still up 6.25% over the last five days. On the other hand, EQT Corp (NYSE:EQT) is 27.93% up in the 30-day period. We can see from the shorts that 19.47 million shares have been sold at a short interest cover period of 2.93 day(s).
The consensus price target as assigned by Wall Street analysts is $44, which translates to bulls needing to decrease their stock price by -4.59% from its current value. Analyst projections state that EQT is forecast to be at a low of $23 and a high of $57.
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 risen 11.67 percent over the past six months and at a -41.05% annual growth rate that is well below the industry average of -12.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -0.11% in revenue this quarter, and will report an increase of 10.27% in the next quarter. The year-over-year growth rate is expected to be -21.45%, down from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 1.78B in revenue for the current quarter. 7 analysts expect EQT Corp to make 2.1B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.04B and 1.41B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -12.91%. Forecasts for the next quarter put sales growth at 48.41%.
EQT Corp earnings are expected to increase by -40.60% in 2024, but the outlook is negative -12.00% per year for the next five years.
EQT Dividends
EQT Corp’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 1.37 percent and its annual dividend per share was 0.63. It is important to note, however, that the 1.37% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 0.49 per year.
EQT Corp (NYSE:EQT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.57% of EQT Corp shares, and 102.17% of them are in the hands of institutional investors. The stock currently has a share float of 102.75%. EQT Corp stock is held by 995.0 institutions, with PRICE T ROWE ASSOCIATES INC /MD/ being the largest institutional investor. By 2024-06-30, it held 15.1075% of the shares, which is about 66.77 million shares worth $2.47 billion.
WELLINGTON MANAGEMENT GROUP LLP, with 12.0941% or 53.45 million shares worth $1.98 billion as of 2024-06-30, 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 30, 2024. The former held 18.51 shares worth $846.94 million, making up 3.10% of all outstanding shares. On the other hand, Select Sector SPDR Fund-Energy Select held roughly 15.83 shares worth around $724.17 million, which represents about 2.65% of the total shares outstanding.
