In yesterday’s Wall Street session, EQT Corp (NYSE:EQT) shares traded at $40.32, up 0.75% from the previous session.
27 analysts cover EQT Corp (NYSE:EQT), according to research data. 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 $40.02, this indicates a potential upside of 19.94 percent. EQT stock price is now -2.75% away from the 50-day moving average and 6.95% away from the 200-day moving average. The market capitalization of the company currently stands at $16.58B.
The stock has received a hold rating from 8 analysts and a buy rating from 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 $965.51 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 $1.59 million. Insiders disposed of 20,843,171 shares of company stock worth roughly $840.4 million over the past 1 year. A total of 6.61% of the company’s stock is owned by insiders.
On Wednesday morning EQT Corp (NYSE: EQT) stock kicked off with the opening price of $39.38. 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 $22.44B, which is based on a 5.46 price-to-earnings ratio, a 0.20 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for EQT is $41.46 and a two-hundred day moving average price translates $37.70 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 $1.54B in revenue.
