EQT Corp (NYSE: EQT) is 11.20% higher on its value in year-to-date trading and has touched a low of $30.02 and a high of $48.02 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EQT stock was last observed hovering at around $42.65 in the last trading session, with the day’s gains setting it 0.34%.
Currently trading at $42.99, the stock is -3.45% and 3.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.8 million and changing 0.80% at the moment leaves the stock 14.11% off its SMA200. EQT registered 13.13% gain for a year compared to 6-month gain of 11.60%. The firm has a 50-day simple moving average (SMA 50) of $41.4854 and a 200-day simple moving average (SMA200) of $37.67515.
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The stock witnessed a -7.63% loss in the last 1 month and extending the period to 3 months gives it a 19.55%, and is -5.70% down 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 2.96% over the week and 2.84% over the month.
EQT Corp (EQT) has around 881 employees, a market worth around $25.86B and $4.79B in sales. Current P/E ratio is 50.95 and Fwd P/E is 15.11. Profit margin for the company is 6.57%. Distance from 52-week low is 43.20% and -10.47% from its 52-week high. The company has generated returns on investments over the last 12 months (0.93%).
The EPS is expected to shrink by -40.04% this year.
EQT Corp (EQT) Top Institutional Holders
996.0 institutions hold shares in EQT Corp (EQT), with institutional investors hold 102.92% of the company’s shares. The shares outstanding are 596.27M, and float is at 592.67M with Short Float at 3.49%. Institutions hold 102.33% 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 KARAM THOMAS F, the company’s Director. SEC filings show that KARAM THOMAS F sold 30,154 shares of the company’s common stock on Dec 03 ’24 at a price of $44.83 per share for a total of $1.35 million. Following the sale, the insider now owns 0.2 million shares.
EQT Corp disclosed in a document filed with the SEC on Dec 03 ’24 that KARAM THOMAS F (Director) sold a total of 15,768 shares of the company’s common stock. The trade occurred on Dec 03 ’24 and was made at $44.95 per share for $0.71 million. Following the transaction, the insider now directly holds 0.0 shares of the EQT stock.
Still, SEC filings show that on Dec 03 ’24, Thomas F. Karam (Director) Proposed Sale 35,000 shares at an average price of $44.58 for $1.56 million. The insider now directly holds shares of EQT Corp (EQT).
