EQT Corp’s Market Journey: Closing Strong at 40.94, Up 0.79

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The closing price of EQT Corp (NYSE: EQT) was $40.94 for the day, up 0.79% from the previous closing price of $40.62. In other words, the price has increased by $0.79 from its previous closing price. On the day, 6.19 million shares were traded. EQT stock price reached its highest trading level at $41.205 during the session, while it also had its lowest trading level at $40.44.

Ratios:

Our analysis of EQT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.49. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 and its Current Ratio is at 0.88. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.32.

On April 17, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $48 to $37.

Scotiabank Upgraded its Sector Perform to Sector Outperform on April 11, 2024, while the target price for the stock was maintained at $52.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 29 ’24 when Jordan William E. sold 35,000 shares for $40.72 per share. The transaction valued at 1,425,200 led to the insider holds 456,837 shares of the business.

Evancho Lesley sold 46,884 shares of EQT for $1,935,840 on May 28 ’24. The CHIEF HUMAN RESOURCES OFFICER now owns 160,884 shares after completing the transaction at $41.29 per share. On Sep 14 ’23, another insider, VANLOH S WIL JR, who serves as the 10% Owner of the company, sold 20,000,000 shares for $41.40 each. As a result, the insider received 828,000,000 and left with 23,946,108 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EQT now has a Market Capitalization of 18078775296 and an Enterprise Value of 22942660608. As of this moment, EQT’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.86, and their Forward P/E ratio for the next fiscal year is 10.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.98 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 5.196 whereas that against EBITDA is 7.856.

Stock Price History:

Over the past 52 weeks, EQT has reached a high of $45.23, while it has fallen to a 52-week low of $32.07. The 50-Day Moving Average of the stock is 5.20%, while the 200-Day Moving Average is calculated to be 5.03%.

Shares Statistics:

EQT traded an average of 7.09M shares per day over the past three months and 7350740 shares per day over the past ten days. A total of 419.90M shares are outstanding, with a floating share count of 413.92M. Insiders hold about 6.27% of the company’s shares, while institutions hold 97.95% stake in the company. Shares short for EQT as of 1715731200 were 34081593 with a Short Ratio of 4.81, compared to 1713139200 on 33859864. Therefore, it implies a Short% of Shares Outstanding of 34081593 and a Short% of Float of 10.0600004.

Dividends & Splits

With its trailing 12-month dividend rate of 0.615, EQT has a forward annual dividend rate of 0.62. Against a Trailing Annual Dividend Yield of 0.015140326The stock’s 5-year Average Dividend Yield is 0.49.

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