EQT Corp (NYSE: EQT) is -15.11% lower on its value in year-to-date trading and has touched a low of $30.02 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 $32.66 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $32.82, the stock is 1.17% and -4.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.07 million and changing 0.49% at the moment leaves the stock -11.10% off its SMA200. EQT registered -24.05% loss for a year compared to 6-month loss of -12.69%.
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The stock witnessed a 6.52% gain in the last 1 month and extending the period to 3 months gives it a -19.83%, and is 0.67% 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 2.91% over the week and 2.99% over the month.
EQT Corp (EQT) has around 881 employees, a market worth around $14.49B and $4.58B in sales. Current P/E ratio is 20.82 and Fwd P/E is 9.09. Profit margin for the company is 15.22%. Distance from 52-week low is 9.33% and -27.44% from its 52-week high. The company has generated returns on investments over the last 12 months (3.47%).
The EPS is expected to shrink by -35.55% this year
950.0 institutions hold shares in EQT Corp (EQT), with institutional investors hold 80.71% of the company’s shares. The shares outstanding are 441.60M, and float is at 420.69M with Short Float at 4.36%. Institutions hold 77.00% of the Float.
The top institutional shareholder in the company is PRICE T ROWE ASSOCIATES INC /MD/ with over 66.77 million shares valued at $2.47 billion. The investor’s holdings represent 15.1075 of the EQT Shares outstanding. As of 2024-06-30, the second largest holder is WELLINGTON MANAGEMENT GROUP LLP with 53.45 million shares valued at $1.98 billion to account for 12.0941 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 53.35 million shares representing 12.0718 and valued at over $1.97 billion, while BLACKROCK INC. holds 7.8982 of the shares totaling 34.91 million with a market value of $1.29 billion.
EQT Corp (EQT) Insider Activity
The most recent transaction is an insider sale by Jordan William E., the company’s EVP, GC AND CORP SEC. SEC filings show that Jordan William E. sold 35,000 shares of the company’s common stock on May 29 ’24 at a price of $40.72 per share for a total of $1.43 million. Following the sale, the insider now owns 0.46 million shares.
EQT Corp disclosed in a document filed with the SEC on May 28 ’24 that Evancho Lesley (CHIEF HUMAN RESOURCES OFFICER) sold a total of 46,884 shares of the company’s common stock. The trade occurred on May 28 ’24 and was made at $41.29 per share for $1.94 million. Following the transaction, the insider now directly holds 0.16 million shares of the EQT stock.
Still, SEC filings show that on Sep 14 ’23, VANLOH S WIL JR (10% Owner) disposed off 20,000,000 shares at an average price of $41.40 for $828.0 million. The insider now directly holds 23,946,108 shares of EQT Corp (EQT).
