With over 8.22 million EQT Corp (EQT) shares trading Friday and a closing price of $38.71 on the day, the dollar volume was approximately $318.02 million. The shares have shown a negative half year performance of -2.52% and its price on 01/05/24 gained nearly 1.34%. Currently, there are 411.33M common shares owned by the public and among those 384.15M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 27 analysts who have offered their price forecasts for EQT have a consensus price objective of $46.20. The analysts have set the share’s price value over the next 12 months at a high of $55.00 and a low of $30.00. The average price target is 16.65% above its recent price level and a downside to the estimated low will see the stock lose -29.03% over that period. But an upside of 29.62% will see the stock hit the forecast high price target while median target price for the stock is $46.00.
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Insiders at the company have transacted a total of 50 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 1,827,600 shares. Insider sales of the common stock occurred on 30 occasions, with total insider shares sold totaling 20,843,171 shares.
Shares of EQT Corp (NYSE: EQT) opened at $38.10, down -$0.1 from a prior closing price of $38.20. However, the script later moved the day high at 38.71, up 1.34%. The company’s stock has a 5-day price change of -0.79% and -5.79% over the past three months. EQT shares are trading 0.13% year to date (YTD), with the 12-month market performance up to 16.56% higher. It has a 12-month low price of $28.10 and touched a high of $45.23 over the same period. EQT has an average intraday trading volume of 5.31 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.32%, -2.77%, and -0.07% respectively.
Institutional ownership of EQT Corp (NYSE: EQT) shares accounts for 97.14% of the company’s 411.33M shares outstanding.
It has a market capitalization of $15.92B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 5.24, while the earnings-per-share (ttm) stands at $7.38. The company has a PEG of 0.19 and a Quick Ratio of 0.59 with the debt-to-equity ratio at 0.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.40% over the week and 2.63% over the month.
Analysts forecast that EQT Corp (EQT) will achieve an EPS of $0.47 for the current quarter, $1.21 for the next quarter and $3.09 for 2024. The lowest estimate earnings-per-share for the quarter is $0.3 while analysts give the company a high EPS estimate of $0.78. Comparatively, EPS for the current quarter was $0.42 a year ago. Earnings per share for the fiscal year are expected to decrease by -27.39%, and 33.24% over the next financial year. EPS should grow at an annualized rate of 27.00% over the next five years, compared to -11.45% over the past 5-year period.
Looking at the support for the EQT, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on December 11, 2023, with the firm’s price target at $46.
