In yesterday’s Wall Street session, EQT Corporation (NYSE:EQT) shares traded at $32.15, down -2.37% from the previous session.
As of this writing, 25 analysts cover EQT Corporation (NYSE:EQT). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $72.00 and a low of $38.00, we find $48.00. Given the previous closing price of $32.93, this indicates a potential upside of 45.76 percent. EQT stock price is now -12.75% away from the 50-day moving average and -21.66% away from the 200-day moving average. The market capitalization of the company currently stands at $11.86B.
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There are 5 analysts who have given it a hold rating, whereas 18 have given it a buy rating. Brokers who have rated the stock have averaged $51.17 as their price target over the next twelve months.
With the price target of $41, Wells Fargo recently initiated with Overweight rating for EQT Corporation (NYSE: EQT)., while ‘Wolfe Research’ rates the stock as ‘Outperform’.
In other news, Evancho Lesley, CHIEF HUMAN RESOURCES OFFICER sold 9,821 shares of the company’s stock on Nov 10. The stock was sold for $414,003 at an average price of $42.15. Upon completion of the transaction, the CHIEF HUMAN RESOURCES OFFICER now directly owns 115,895 shares in the company, valued at $3.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09, EVP, GC AND CORP SEC Jordan William E. sold 98,783 shares of the business’s stock. A total of $4,104,127 was realized by selling the stock at an average price of $41.55. This leaves the insider owning 297,787 shares of the company worth $9.57 million. Insiders disposed of 420,142 shares of company stock worth roughly $13.51 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EQT stock. A new stake in EQT Corporation shares was purchased by AVENTAIL CAPITAL GROUP, LP during the first quarter worth $46,739,000. BANK OF NOVA SCOTIA invested $33,314,000 in shares of EQT during the first quarter. In the first quarter, CANNELL & CO. acquired a new stake in EQT Corporation valued at approximately $32,023,000. SENATOR INVESTMENT GROUP LP acquired a new stake in EQT for approximately $27,328,000. NATIONAL PENSION SERVICE purchased a new stake in EQT valued at around $16,458,000 in the second quarter. In total, there are 734 active investors with 99.20% ownership of the company’s stock.
Monday morning saw EQT Corporation (NYSE: EQT) opened at $32.20. During the past 12 months, EQT Corporation has had a low of $20.37 and a high of $51.97. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 0.60, and a quick ratio of 0.60. The fifty day moving average price for EQT is $36.85 and a two-hundred day moving average price translates $41.04 for the stock.
The latest earnings results from EQT Corporation (NYSE: EQT) was released for Sep, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $1.04, inline with analysts’ expectations of $1.04. This compares to -$5.54 EPS in the same period last year. The net profit margin was 23.70% and return on equity was 20.20% for EQT. The company reported revenue of $2.07 billion for the quarter, compared to $-1.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -241.28 percent. For the current quarter, analysts expect EQT to generate $2.25B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/01/2022. Investors who held shares on 11/09/2022 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 1.87% percent yield. There was an ex-dividend date of 11/08/2022 for this dividend. In terms of dividend payout ratio, EQT is presently at 8.00%.
EQT Corporation(EQT) Company Profile
EQT Corporation operates as a natural gas production company in the United States. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, natural gas liquids, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play. The company was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania.
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