In yesterday’s Wall Street session, EQT Corporation (NYSE:EQT) shares traded at $39.87, up 0.58% from the previous session.
EQT stock price is now 6.28% away from the 50-day moving average and 10.34% away from the 200-day moving average. The market capitalization of the company currently stands at $14.87B.
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In other news, James Todd, CHIEF ACCOUNTING OFFICER sold 31,170 shares of the company’s stock on Jun 09. The stock was sold for $1,201,915 at an average price of $38.56. Upon completion of the transaction, the CHIEF ACCOUNTING OFFICER now directly owns 39,392 shares in the company, valued at $1.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 10, CHIEF HUMAN RESOURCES OFFICER Evancho Lesley sold 9,821 shares of the business’s stock. A total of $414,003 was realized by selling the stock at an average price of $42.15. This leaves the insider owning 115,895 shares of the company worth $4.62 million. Insiders disposed of 1,129,664 shares of company stock worth roughly $45.04 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 T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $141,511,000. POINT72 ASSET MANAGEMENT, L.P. invested $105,598,000 in shares of EQT during the first quarter. In the first quarter, MENORA MIVTACHIM HOLDINGS LTD. acquired a new stake in EQT Corporation valued at approximately $81,195,000. HOLOCENE ADVISORS, LP acquired a new stake in EQT for approximately $48,813,000. PALO DURO INVESTMENT PARTNERS, LP purchased a new stake in EQT valued at around $19,671,000 in the second quarter. In total, there are 868 active investors with 99.20% ownership of the company’s stock.
On Wednesday morning EQT Corporation (NYSE: EQT) stock kicked off with the opening price of $39.75. During the past 12 months, EQT Corporation has had a low of $28.10 and a high of $51.97. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 1.50, and a quick ratio of 1.50. According to the stock market information, the enterprise value for the company is $17.76B, which is based on a 3.82 price-to-earnings ratio, a 0.13 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for EQT is $37.67 and a two-hundred day moving average price translates $36.13 for the stock.
The latest earnings results from EQT Corporation (NYSE: EQT) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $1.7, beating analysts’ expectations of $1.27 by 0.43. This compares to -$4.05 EPS in the same period last year. The net profit margin was 42.00% and return on equity was 42.90% for EQT. The company reported revenue of $2.66 billion for the quarter, compared to -$579.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -559.51 percent. For the current quarter, analysts expect EQT to generate $1.03B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/01/2023. Investors who held shares on 05/10/2023 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 1.50% percent yield. There was an ex-dividend date of 05/09/2023 for this dividend. In terms of dividend payout ratio, EQT is presently at 4.70%.
