Looking into the technicals, EQT Corporation (NYSE:EQT) has scored 80% Sell indication. The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the EQT’s short-term trajectory should know that short terms indicators for the stock averaged 60% Sell with an average daily trading volume over the past 20 days at 4243655 shares. EQT stock has overall a 1% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 5881974 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 6522145 shares, is 67% Sell on the basis of long term indicators.
The share price is currently staying around the first support level of $17.56. Below this, the next support is placed in the zone of $17.34. Till the time, the EQT stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 36.16 on daily chart, which may remain a cause for comfort. If the price breaks below $17.34 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $18.01 mark may result into a pull-back move towards $18.24 level.
EQT Corporation (EQT) is projected to climb by 49.24 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $39 price as 12-month high target. This represents a whopping 119.22 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $24.5, which represents a return potential of 37.72 percent when compared to the closing price of the stock of $17.79 on Friday, February 08. The lowest price target for the stock is $10 — slightly more than -43.79 percent from EQT’s current share price.
Here’s a rundown of insider trading activity for sense of EQT Corporation (NYSE:EQT). The earliest insider trade took place on 01/02/2019. Maccleary Gerald F. gathered a total of 0.67 thousand shares of company at average share price of $18.89. The total for the purchase was set at $12.68 thousand. After this transaction, the Director account balance stood at 0.67 thousand shares. The stock lost -5.82 percent since that insider purchase. On 01/02/2019, Cary A. Bray Jr., Director, purchased 1.39 thousand shares at a price per share of $18.89. This added 26.26 thousand shares to the insider’s fortune and the stock saw a -5.82 percent retreat in value since the news became public. This transaction left 45.45 thousand shares in the Director account. On 12/26/2018, Director Behrman Philip G performed a purchase transaction worth $103.26 thousand. This purchase at $19.37 each has added 5.33 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -8.16 percent decrease since the transaction was reported. The insider now is left with 31.94 thousand shares remaining in the account. Centofanti Erin R., who performs the EVP, Production job, bought 10 thousand shares for $175.2 thousand. The acquisition occurred on 11/21/2018 was priced at $17.52 per share. The share price soared 1.54 percent since the reporting date. Centofanti Erin R. now left with a stake of 49.45 thousand EQT stock worth $879.66 thousand after the insider buying.
EQT shares dropped -0.05 points or -0.28 percent on Friday to $17.79 with a light trade volume of 3.993 million shares. After opening the session at $17.79, the shares went as high as $18.01 and as low as $17.56, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $4.54 billion and now has 255.14 million shares outstanding. EQT Corporation (EQT) stock has lost -10.87 percent of market value in 21 trading days.
Analysts at RBC Capital Mkts cut their rating on shares of EQT Corporation (NYSE:EQT) from Outperform to Sector Perform in their opinion released on January 07. Analysts at Goldman issued an upgrade from Neutral to Buy for the stock, in a research note that dated back to November 20.
EQT stock has a trailing 3-year beta of 0.72, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$5.73 a share in the trailing twelve months. The stock’s value has fallen -5.82 percent year to date (YTD) against a decline of -31.41 percent in 12 month’s time. The company’s shares still trade -43.05 percent away from its 1-year high of $31.24 and 9.21 percent up from 52-week low of $16.29. The average consensus rating on the company is 2.2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of EQT Corporation (EQT) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry EQT operates in has an average P/E of 8.71. Its P/E ratio went as low as 16.3X and as high as 50.95 over the 5-year span. Further, it is sporting a 0.95 on the Price-to-Sales ratio. Compare this with the industry average P/S of 77.53. 80.4 percent is the gross profit margin for EQT Corporation and operating margin sits at -28.3 percent. Along with this, the net profit margin is -6.9 percent.
EQT will be declaring its Q4 financial results on February 14. Analysts are forecasting revenue to climb 12.7 percent to $1.27B in the next fiscal quarter, while earnings are seen soaring by nearly 9.21 percent to $0.83 per share. History has shown that shares in EQT Corporation have gone up on 24 different earnings reaction days and are predicted to add 0.04 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.35 per share, worse than the $0.42, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $1.16B, worse than the $1.21B analysts expected. Earnings are estimated to increase by 160.6 percent this year, -43.75 percent next year and continue to increase by 0 percent annually for the next 5 years.
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