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S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
NYSE:EQT

EQT (EQT) Stock Price, News & Analysis

$36.20
-0.32 (-0.88%)
(As of 04/16/2024 ET)
Today's Range
$35.24
$36.52
50-Day Range
$33.02
$38.00
52-Week Range
$30.84
$45.23
Volume
4.83 million shs
Average Volume
6.45 million shs
Market Capitalization
$15.94 billion
P/E Ratio
8.52
Dividend Yield
1.74%
Price Target
$44.13

EQT MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
22.1% Upside
$44.20 Price Target
Short Interest
Bearish
5.73% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-10.42
Upright™ Environmental Score
News Sentiment
0.31mentions of EQT in the last 14 days
Based on 29 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
209.80%
From $1.53 to $4.74 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.21 out of 5 stars

Oils/Energy Sector

30th out of 238 stocks

Crude Petroleum & Natural Gas Industry

12th out of 75 stocks

EQT stock logo

About EQT Stock (NYSE:EQT)

EQT Corporation is a US-based natural gas exploration and production company operating in the Appalachian Basin, primarily in Pennsylvania, West Virginia, and Ohio. The company was founded in 1888 as a utility company, but it has since transformed into one of the largest natural gas producers in the US. EQT's mission is to be the leading producer of clean-burning natural gas in the US while focusing on operational excellence, innovation, and environmental stewardship.

EQT's core business is producing natural gas, which is sold to customers in the US and Canada. The company operates over 23,000 wells across the Appalachian Basin and owns over 670,000 acres of natural gas reserves. EQT's target market includes utility companies, industrial customers, and natural gas marketers.

The company's key customers include Dominion Energy, National Fuel Gas, and Peoples Natural Gas. EQT's headquarters are in Pittsburgh, Pennsylvania, and it employs over 1,200 people.

EQT has received numerous awards for its commitment to environmental stewardship and safety. In 2022, the company was named to the Dow Jones Sustainability North America Index for the seventh consecutive year.

An experienced and knowledgeable management team leads EQT. Toby Rice serves as the President and Chief Executive Officer of EQT, bringing over 20 years of experience in the natural gas industry. He previously served as the CEO of Rice Energy, which was acquired by EQT in 2018.

EQT has experienced significant growth recently, with revenue and net income increasing yearly for several years. EQT's profit margin has remained strong, averaging 27% over the past three years.

EQT's debt levels have increased recently, with the company's long-term debt rising. However, the company's debt-to-equity ratio has remained below the industry average, indicating that EQT is managing its debt effectively.

EQT's valuation metrics are generally in line with industry peers. EQT's price-to-earnings and price-to-book are slightly lower but have paralleled industry peers. EQT's dividend yield is slightly below the industry average. 

EQT has had a volatile but generally positive share price. In 2021, the company's share price increased by more than 50% due to an increase in natural gas prices and the company's successful cost-cutting measures. However, the company's share price has since declined due to concerns about regulatory changes and the impact of the COVID-19 pandemic on natural gas demand. EQT's trading volume has declined recently, indicating investor sentiment towards the company may have soured.

EQT operates in the natural gas industry, facing significant challenges in recent years due to regulatory changes and the rise of renewable energy sources. The industry is heavily regulated, and natural gas companies face increasing pressure to reduce their carbon footprint and shift towards cleaner energy sources. Despite these challenges, EQT has managed to maintain its position as one of the largest natural gas producers in the US. 

EQT has several growth opportunities that it can pursue in the coming years. One potential area of growth for the company is renewable energy. EQT has already begun investing in renewable energy projects, such as wind and solar power and could expand its presence. The company could also pursue expansion opportunities in other regions outside the Appalachian Basin. Finally, EQT could explore potential mergers and acquisitions to expand its business and diversify its revenue streams.

EQT faces several risks and challenges in the coming years. One of the most significant risks is the increasing regulatory pressure on natural gas companies to reduce their carbon footprint. The company must invest in new technologies and processes to meet these regulatory requirements, which could be costly and time-consuming. Additionally, EQT faces significant competition from other natural gas producers, both domestically and internationally. Finally, the company is exposed to fluctuations in natural gas prices, which can be volatile and unpredictable.

EQT Stock Price History

EQT Stock News Headlines

EQT (EQT) Scheduled to Post Earnings on Tuesday
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Five Arrows Acquires Rimes from EQT
EQT (NYSE:EQT) PT Raised to $43.00
Truist Financial Lowers EQT (NYSE:EQT) Price Target to $35.00
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Ex-Dividend for 3/1 Dividend
2/16/2024
Dividend Payable
3/01/2024
Today
4/16/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
26884L10
Employees
881
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$44.20
High Stock Price Target
$62.00
Low Stock Price Target
$34.00
Potential Upside/Downside
+21.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
16 Analysts

Profitability

Net Income
$1.74 billion
Pretax Margin
30.45%

Debt

Sales & Book Value

Annual Sales
$6.91 billion
Cash Flow
$6.37 per share
Book Value
$35.93 per share

Miscellaneous

Free Float
437,652,000
Market Cap
$15.94 billion
Optionable
Optionable
Beta
1.12
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Should I Buy EQT Stock? EQT Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in EQT Co.:

  • EQT stock has a 12-month low of $28.10 and a 12-month high of $45.23, indicating potential for price appreciation.
  • The company reported a return on equity of 7.12% and a net margin of 25.12%, showcasing strong financial performance.
  • Wellington Management Group LLP raised its stake in EQT by 61.9% in the third quarter, indicating institutional confidence in the company.
  • EQT has a market cap of $15.20 billion, reflecting its significant presence in the industry.
  • The business's 50-day moving average is $36.10, suggesting a stable price trend in the short term.

Cons

Investors should be bearish about investing in EQT Co. for these reasons:

  • Recent fluctuations in the stock price, with EQT trading down 0.3%, may pose short-term volatility risks.
  • The company's debt-to-equity ratio of 0.37 could indicate a higher level of leverage compared to industry peers, potentially increasing financial risk.
  • While EQT has a PEG ratio of 1.04, suggesting reasonable valuation, investors should consider potential market uncertainties impacting future growth.
  • Clearstead Advisors LLC, Penserra Capital Management LLC, and other institutional investors have purchased new positions in EQT, which could lead to increased competition for shares.
  • The 200-day moving average of $39.13 is below the current stock price, signaling a possible long-term downtrend.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these EQT pros and cons to contact@marketbeat.com.

EQT Stock Analysis - Frequently Asked Questions

Should I buy or sell EQT stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EQT in the last twelve months. There are currently 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" EQT shares.
View EQT analyst ratings
or view top-rated stocks.

What is EQT's stock price target for 2024?

16 brokerages have issued twelve-month price targets for EQT's shares. Their EQT share price targets range from $34.00 to $62.00. On average, they expect the company's stock price to reach $44.20 in the next year. This suggests a possible upside of 22.1% from the stock's current price.
View analysts price targets for EQT
or view top-rated stocks among Wall Street analysts.

How have EQT shares performed in 2024?

EQT's stock was trading at $38.66 on January 1st, 2024. Since then, EQT shares have decreased by 6.4% and is now trading at $36.20.
View the best growth stocks for 2024 here
.

Are investors shorting EQT?

EQT saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 25,220,000 shares, an increase of 20.3% from the March 15th total of 20,960,000 shares. Based on an average trading volume of 6,510,000 shares, the short-interest ratio is presently 3.9 days.
View EQT's Short Interest
.

When is EQT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our EQT earnings forecast
.

How can I listen to EQT's earnings call?

EQT will be holding an earnings conference call on Wednesday, April 24th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were EQT's earnings last quarter?

EQT Co. (NYSE:EQT) issued its quarterly earnings data on Tuesday, February, 13th. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The oil and gas producer earned $1.55 billion during the quarter, compared to analysts' expectations of $1.58 billion. EQT had a net margin of 25.12% and a trailing twelve-month return on equity of 7.12%. The business's revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the company posted $0.42 earnings per share.

How often does EQT pay dividends? What is the dividend yield for EQT?

EQT declared a quarterly dividend on Thursday, February 8th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.1575 per share on Friday, March 1st. This represents a $0.63 annualized dividend and a yield of 1.74%. The ex-dividend date is Friday, February 16th.
Read our dividend analysis for EQT
.

Is EQT a good dividend stock?

EQT (NYSE:EQT) pays an annual dividend of $0.63 per share and currently has a dividend yield of 1.69%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EQT will have a dividend payout ratio of 13.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EQT.

What is Toby Z. Rice's approval rating as EQT's CEO?

16 employees have rated EQT Chief Executive Officer Toby Z. Rice on Glassdoor.com. Toby Z. Rice has an approval rating of 84% among the company's employees.

What other stocks do shareholders of EQT own?

Based on aggregate information from My MarketBeat watchlists, some companies that other EQT investors own include Gilead Sciences (GILD), Intel (INTC), AT&T (T), Netflix (NFLX), Alibaba Group (BABA), Chevron (CVX), Applied Materials (AMAT), Ford Motor (F), General Electric (GE) and Micron Technology (MU).

Who are EQT's major shareholders?

EQT's stock is owned by many different retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.15%), Portman Square Capital LLP (0.00%), Global Assets Advisory LLC (0.06%), Czech National Bank (0.02%), Farmers Trust Co. (0.02%) and Radnor Capital Management LLC (0.01%). Insiders that own company stock include S Wil Vanloh Jr, Toby Z Rice, Todd James and William E Jordan.
View institutional ownership trends
.

How do I buy shares of EQT?

Shares of EQT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:EQT) was last updated on 4/17/2024 by MarketBeat.com Staff

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