Stocks of EQT Corporation (NYSE:EQT) traded higher last session on Wall Street, down -0.49% to $40.99.
According to the data, EQT Corporation (NYSE:EQT) has 24 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $65.00 and a low of $37.00, we find $48.00. Given the previous closing price of $41.19, this indicates a potential upside of 16.53 percent. EQT stock price is now -1.99% away from the 50-day moving average and 13.18% away from the 200-day moving average. The market capitalization of the company currently stands at $17.29B.
A total of 8 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $48.45 as their price target over the next twelve months.
In other news, VANLOH S WIL JR, 10% Owner sold 20,000,000 shares of the company’s stock on Sep 14. The stock was sold for $828,000,000 at an average price of $41.40. Upon completion of the transaction, the 10% Owner now directly owns 23,946,108 shares in the company, valued at $981.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 09, CHIEF ACCOUNTING OFFICER James Todd sold 31,170 shares of the business’s stock. A total of $1,201,915 was realized by selling the stock at an average price of $38.56. This leaves the insider owning 39,392 shares of the company worth $1.61 million. Insiders disposed of 1,062,726 shares of company stock worth roughly $43.56 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 MEREWETHER INVESTMENT MANAGEMENT, LP during the first quarter worth $65,792,000. WOODLINE PARTNERS LP invested $56,453,000 in shares of EQT during the first quarter. In the first quarter, SIR CAPITAL MANAGEMENT, L.P. acquired a new stake in EQT Corporation valued at approximately $38,469,000. OWL CREEK ASSET MANAGEMENT, L.P. acquired a new stake in EQT for approximately $32,722,000. WALLEYE CAPITAL LLC purchased a new stake in EQT valued at around $31,736,000 in the second quarter. In total, there are 841 active investors with 99.20% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $41.65 for EQT Corporation (NYSE: EQT). During the past 12 months, EQT Corporation has had a low of $28.10 and a high of $48.07. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.10, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $20.31B, which is based on a 5.08 price-to-earnings ratio, a 0.20 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for EQT is $41.84 and a two-hundred day moving average price translates $36.21 for the stock.
The latest earnings results from EQT Corporation (NYSE: EQT) was released for Jun, 2023. According to the Oil & Gas E&P Company, earnings per share came in at -$0.17, beating analysts’ expectations of -$0.26 by 0.09. This compares to $2.19 EPS in the same period last year. The net profit margin was 38.40% and return on equity was 31.60% for EQT. The company reported revenue of $1.02 billion for the quarter, compared to $2.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -59.69 percent. For the current quarter, analysts expect EQT to generate $1.14B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/01/2023. Investors who held shares on 08/09/2023 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 1.46% percent yield. There was an ex-dividend date of 08/08/2023 for this dividend. In terms of dividend payout ratio, EQT is presently at 6.20%.
EQT Corporation(EQT) Company Profile
EQT Corporation operates as a natural gas production company in the United States. As of December 31, 2022, 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 1.8 million gross acres in the Marcellus play. The company was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania.
