There has been a significant shift in the fundamentals for EQT Corp (NYSE:EQT)

EQT Corp (NYSE:EQT) shares traded -3.10% lower at $40.05 on Wall Street last session.

In accordance with the data, 27 analysts cover EQT Corp (NYSE:EQT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $62.00 and a low of $30.00, we find $48.00. Given the previous closing price of $41.33, this indicates a potential upside of 16.14 percent. EQT stock price is now -3.85% away from the 50-day moving average and 6.74% away from the 200-day moving average. The market capitalization of the company currently stands at $16.47B.

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It has been rated a hold by 8 analysts and a buy by 15. Brokers who have rated the stock have averaged $48.00 as their price target over the next twelve months.

With the price target of $30, Bernstein recently initiated with Underperform rating for EQT Corp (NYSE: EQT).

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 $959.04 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 $1.58 million. Insiders disposed of 20,843,171 shares of company stock worth roughly $834.77 million over the past 1 year. A total of 6.64% of the company’s stock is owned by insiders.

During the past 12 months, EQT Corp has had a low of $28.10 and a high of $45.23. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 0.59, and a quick ratio of 0.59. According to the stock market information, the enterprise value for the company is $22.85B, which is based on a 5.42 price-to-earnings ratio, a 0.20 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for EQT is $41.62 and a two-hundred day moving average price translates $37.56 for the stock.

The latest earnings results from EQT Corp (NYSE: EQT) was released for Sep, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.3, beating analysts’ expectations of -$0.08 by 0.38. This compares to $1.69 EPS in the same period last year. The net profit margin was 46.96% and return on equity was 24.73% for EQT. The company reported revenue of $1.19 billion for the quarter, compared to $2.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -42.69 percent. For the current quarter, analysts expect EQT to generate $1.53B in revenue.

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