How is EQT Corporation’s (NYSE: EQT) stock expected to perform amid current market woes?

After finishing at $30.69 in the prior trading day, EQT Corporation (NYSE: EQT) closed at $28.83, down -6.06%. In other words, the price has decreased by -$1.86 from its previous closing price. On the day, 9992589 shares were traded. EQT stock price reached its highest trading level at $29.78 during the session, while it also had its lowest trading level at $28.10.

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Our goal is to gain a better understanding of EQT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.75. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.47.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wells Fargo on January 25, 2023, initiated with a Overweight rating and assigned the stock a target price of $41.

Wolfe Research Upgraded its Peer Perform to Outperform on December 14, 2022, while the target price for the stock was maintained at $59.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 10 when Evancho Lesley sold 9,821 shares for $42.15 per share. The transaction valued at 414,003 led to the insider holds 115,895 shares of the business.

Jordan William E. sold 98,783 shares of EQT for $4,104,127 on Nov 09. The EVP, GC AND CORP SEC now owns 297,787 shares after completing the transaction at $41.55 per share. On Nov 01, another insider, Jordan William E., who serves as the EVP, GC AND CORP SEC of the company, sold 98,783 shares for $41.51 each. As a result, the insider received 4,100,364 and left with 297,787 shares of the company.

Valuation Measures:

As of this moment, EQT’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.77, and their Forward P/E ratio for the next fiscal year is 5.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.43 while its Price-to-Book (P/B) ratio in mrq is 0.95.

Stock Price History:

Over the past 52 weeks, EQT has reached a high of $51.97, while it has fallen to a 52-week low of $24.30. The 50-Day Moving Average of the stock is 32.45, while the 200-Day Moving Average is calculated to be 39.51.

Shares Statistics:

The stock has traded on average 6.94M shares per day over the past 3-months and 6.29M shares per day over the last 10 days, according to various share statistics. A total of 366.27M shares are outstanding, with a floating share count of 358.63M. Insiders hold about 0.20% of the company’s shares, while institutions hold 99.20% stake in the company. Shares short for EQT as of Jan 30, 2023 were 20.41M with a Short Ratio of 19.84M, compared to 23.6M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.56% and a Short% of Float of 6.58%.

Dividends & Splits

In the trailing 12 months, EQT’s forward annual dividend rate was 0.03, compared to 0.60 this year. Against a Trailing Annual Dividend Yield of 0.10%, it implies a Forward Annual Dividend Yield of 1.97%. The current Payout Ratio is 11.30% for EQT, which recently paid a dividend on Feb 28, 2023 with an ex-dividend date of Nov 07, 2022. Stock splits for the company last occurred on Nov 12, 2018 when the company split stock in a 1837:1000 ratio.