The price of EQT Corp (NYSE:EQT) shares last traded on Wall Street fell -2.58% to $35.88.
EQT stock price is now -8.78% away from the 50-day moving average and -6.76% away from the 200-day moving average. The market capitalization of the company currently stands at $15.84B.
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On April 17, 2024, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $48 to quote $37, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’
In other news, Jordan William E., EVP, GC AND CORP SEC sold 35,000 shares of the company’s stock on May 29 ’24. The stock was sold for $1,425,200 at an average price of $40.72. Upon completion of the transaction, the EVP, GC AND CORP SEC now directly owns 456,837 shares in the company, valued at $16.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 28 ’24, CHIEF HUMAN RESOURCES OFFICER Evancho Lesley sold 46,884 shares of the business’s stock. A total of $1,935,840 was realized by selling the stock at an average price of $41.29. This leaves the insider owning 160,884 shares of the company worth $5.77 million. A total of 6.25% of the company’s stock is owned by insiders.
During the past 12 months, EQT Corp has had a low of $32.07 and a high of $45.23. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 0.88, and a quick ratio of 0.88. According to the stock market information, the enterprise value for the company is $20708206592, which is based on a 26.17 price-to-earnings ratio, a 1.74 price-to-earnings-growth ratio, and a beta of 1.12. The fifty day moving average price for EQT is $39.2622 and a two-hundred day moving average price translates $38.46395 for the stock.
The latest earnings results from EQT Corp (NYSE: EQT) was released for 2024-03-31. The net profit margin was 13.66% and return on equity was 4.55% for EQT. The company reported revenue of $1.41 billion for the quarter, compared to $2.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -46.93 percent.
