EQT Corp (NYSE:EQT) price on Thursday, January 16, rose 2.56% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $53.78.
A look at the stock’s price movement, the close in the last trading session was $52.44, moving within a range at $52.1 and $53.98. The beta value (5-Year monthly) was 1.069 while the PE ratio in trailing twelve months stood at 63.74. Turning to its 52-week performance, $52.99 and $30.02 were the 52-week high and 52-week low respectively. Overall, EQT moved 17.96% over the past month.
EQT Corp’s market cap currently stands at around $32.09 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.63, with its dividend yield at 1.17%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.84B for the company’s revenue for the quarter, with a low and high estimate of 1.72B and 2.01B respectively. The average forecast suggests down to a -9.94% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 5.54B, representing a -19.81% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EQT is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
28 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 22 recommend EQT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
EQT’s current price about 14.77% and 19.50% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 81.73, while 7-day volatility ratio is 2.79% and 2.77% in the 30-day chart. Further, EQT Corp (EQT) has a beta value of 1.08, and an average true range (ATR) of 1.42. Analysts have given the company’s stock an average 52-week price target of $41.5, forecast between a low of $32 and high of $49. Looking at the price targets, the low is 40.5% off current price level while to achieve the yearly target high, price needs to move 8.89%. Nonetheless, investors will most likely welcome a 22.83% jump to $41.5 which is the analysts’ median price.
If we refocus on EQT Corp (NYSE:EQT), historical trading data shows that trading volumes averaged 8.32 over the past 10 days and 7.35 million over the past 3 months. The company’s latest data on shares outstanding shows there are 596.27 million shares.
The 0.67% of EQT Corp’s shares are in the hands of company insiders while institutional holders own 101.75% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 17.05 million on 2024-12-31, giving us a short ratio of 2.62. The data shows that as of 2024-12-31 short interest in EQT Corp (EQT) stood at 345.0 of shares outstanding, with shares short falling to 20.69 million registered in 2024-11-29. Current price change has pushed the stock 16.63% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EQT stock continues to rise going into the next quarter.
