EQT Corp (NYSE: EQT) – Suitable For Long Term Buy?

Currently, there are 441.60M common shares owned by the public and among those 438.26M shares have been available to trade.

The company’s stock has a 5-day price change of 3.86% and 40.43% over the past three months. EQT shares are trading 18.96% year to date (YTD), with the 12-month market performance up to 12.58% higher. It has a 12-month low price of $30.02 and touched a high of $48.02 over the same period. EQT has an average intraday trading volume of 6.95 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 10.18%, 19.60%, and 24.51% respectively.

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Institutional ownership of EQT Corp (NYSE: EQT) shares accounts for 137.51% of the company’s 441.60M shares outstanding.

It has a market capitalization of $26.87B and a beta (3y monthly) value of 1.14. The stock’s trailing 12-month PE ratio is 54.50, while the earnings-per-share (ttm) stands at $0.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.52% over the week and 3.54% over the month.

Earnings per share for the fiscal year are expected to decrease by -42.62%, and 127.71% over the next financial year.

Looking at the support for the EQT, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on October 28, 2024, with the firm’s price target at $50. Citigroup coverage for the EQT Corp (EQT) stock in a research note released on October 03, 2024 offered a Buy rating with a price target of $44. Citigroup was of a view on August 23, 2024 that the stock is Neutral, while Piper Sandler gave the stock Neutral rating on August 15, 2024, issuing a price target of $43- $32. Wells Fargo on their part issued Overweight rating on August 14, 2024.

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