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Why EQT Corp (EQT) Stock Could See Much Higher Prices Ahead

EQT Corp (NYSE: EQT) is -4.01% lower on its value in year-to-date trading and has touched a low of $30.79 and a high of $45.23 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EQT stock was last observed hovering at around $37.07 in the last trading session, with the day’s gains setting it 0.04%.

Currently trading at $37.11, the stock is 4.88% and 4.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.53 million and changing 0.11% at the moment leaves the stock -5.62% off its SMA200. EQT registered 18.00% gain for a year compared to 6-month loss of -8.23%. The firm has a 50-day simple moving average (SMA 50) of $4.36 and a 200-day simple moving average (SMA200) of $5.43.

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The stock witnessed a -0.11% gain in the last 1 month and extending the period to 3 months gives it a -4.89%, and is 8.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.66% over the week and 2.44% over the month.

EQT Corp (EQT) has around 881 employees, a market worth around $16.36B and $5.07B in sales. Current P/E ratio is 8.77 and Fwd P/E is 8.66. Profit margin for the company is 34.23%. Distance from 52-week low is 20.53% and -17.95% from its 52-week high. The company has generated returns on investments over the last 12 months (8.53%).

EQT Corp quarterly earnings per share for the current quarter are estimated at $0.72 with sales reaching $1.67B over the same period.The EPS is expected to shrink by -27.97% this year, but quarterly earnings will post 12.10% year-over-year. Quarterly sales are estimated to shrink -11.70% in year-over-year returns.

EQT Corp (EQT) Top Institutional Holders

920 institutions hold shares in EQT Corp (EQT), with institutional investors hold 97.83% of the company’s shares. The shares outstanding are 419.90M, and float is at 412.55M with Short Float at 5.08%. Institutions hold 91.76% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 41.36 million shares valued at $1.7 billion. The investor’s holdings represent 11.44% of the EQT Shares outstanding. As of Jun 29, 2023, the second largest holder is Price (T.Rowe) Associates Inc with 37.41 million shares valued at $1.54 billion to account for 10.34% of the shares outstanding. The other top investors are Blackrock Inc. which holds 36.94 million shares representing 10.21% and valued at over $1.52 billion, while State Street Corporation holds 6.91% of the shares totaling 25.0 million with a market value of $1.03 billion.

EQT Corp (EQT) Insider Activity

The most recent transaction is an insider sale by VANLOH S WIL JR,the company’s10% Owner. SEC filings show that VANLOH S WIL JR sold 20,000,000 shares of the company’s common stock on Sep 14 ’23 at a price of $41.40 per share for a total of $828.0 million. Following the sale, the insider now owns 23.95 million shares.

EQT Corp disclosed in a document filed with the SEC on Jun 09 ’23 that James Todd (CHIEF ACCOUNTING OFFICER) sold a total of 31,170 shares of the company’s common stock. The trade occurred on Jun 09 ’23 and was made at $38.56 per share for $1.2 million. Following the transaction, the insider now directly holds 39392.0 shares of the EQT stock.

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