In yesterday’s Wall Street session, EQT Corp (NYSE:EQT) shares traded at $34.95, up 0.37% from the previous session.
EQT stock price is now -1.34% away from the 50-day moving average and -11.20% away from the 200-day moving average. The market capitalization of the company currently stands at $15.40B.
With the price target reduced from $46 to $39, Mizuho Downgraded its rating from Buy to Neutral for EQT Corp (NYSE: EQT). On December 11, 2023, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $46, while ‘Bernstein’ rates the stock as ‘Underperform’
In other news, VANLOH S WIL JR, 10% Owner sold 20,000,000 shares of the company’s stock on Sep 14 ’23. 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 $836.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 09 ’23, 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 $1.38 million. A total of 6.42% of the company’s stock is owned by insiders.
During the past 12 months, EQT Corp has had a low of $29.61 and a high of $45.23. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 0.99, and a quick ratio of 0.99. According to the stock market information, the enterprise value for the company is $21.16B, which is based on a 8.26 price-to-earnings ratio, a 0.55 price-to-earnings-growth ratio, and a beta of 1.12. The fifty day moving average price for EQT is $35.37 and a two-hundred day moving average price translates $39.34 for the stock.
The latest earnings results from EQT Corp (NYSE: EQT) was released for Dec, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.48, missing analysts’ expectations of $0.53 by -0.05. This compares to $4.55 EPS in the same period last year. The net profit margin was 34.23% and return on equity was 13.38% for EQT. The company reported revenue of $2.04 billion for the quarter, compared to $3.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -41.29 percent. For the current quarter, analysts expect EQT to generate $1.67B in revenue.
