On September 19, 2023, Truist Securities analyst Neal Dingmann expressed his viewpoint on EQT (NYSE:EQT), reiterating a Hold recommendation and maintaining a revised price target of $39. This adjustment reflects an increase from the previous target of $35.
Although analysts surveyed by Capital IQ have given EQT an average outperform rating and a price target range spanning from $37 to $65, the current trading price of EQT stands at $42.95, which exceeds the projected range.
Looking ahead, 15 stock analysts foresee an average 12-month stock price forecast of $46.87 for EQT.
EQT Corporation
EQT
Buy
Updated on: 19/09/2023
Financial Health
Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Buy
Price to book ratio: Buy
DCF: Strong Buy
ROE: Buy
Analyzing EQT Stock Performance and Financial Outlook on September 19, 2023
On September 19, 2023, EQT stock had a mixed performance. The stock opened at $41.59, slightly higher than the previous day’s close of $41.19. Throughout the day, the stock fluctuated within a range of $40.73 to $41.84. The trading volume was relatively high, with 8,305,002 shares being traded. This was above the average volume of 5,987,243 shares over the past three months.
EQT has a market capitalization of $17.1 billion. Looking at its financial performance, the company experienced a negative earnings growth of -30.45% this year. However, analysts are optimistic about its future, projecting a positive earnings growth of +19.38% over the next five years.
In terms of revenue growth, EQT had a remarkable increase of +77.50% in the last year. However, it is important to note that earnings growth and revenue growth are not always directly correlated.
The stock’s price-earnings ratio (P/E ratio) is currently 4.6, which is relatively low. The price-to-sales ratio (P/S ratio) is 1.13, indicating that investors are paying $1.13 for every dollar of sales generated by the company. The price-to-book ratio (P/B ratio) is 1.36, suggesting that the stock is trading at a slight premium compared to its book value.
Looking at the performance of other energy sector stocks on September 19, 2023, Marathon Oil (MRO) experienced a slight decrease of -0.56%, while Coterra Energy Inc (CTRA) and APA Corp (APAA) both had a decrease of -1.29%.
EQT operates in the Energy Minerals sector, specifically in the Oil & Gas Production industry. The company’s corporate headquarters are located in Pittsburgh, Pennsylvania.
The next reporting date for EQT is scheduled for October 26, 2023. Analysts are forecasting earnings per share (EPS) of $0.11 for the current quarter. In the previous year, EQT generated $12.1 billion in annual revenue and $1.8 billion in annual profit. The net profit margin for the company is 14.59%.
In conclusion, EQT stock had a mixed performance on September 19, 2023. While it opened slightly higher than the previous day’s close, the stock experienced some fluctuations throughout the day. The company has shown strong revenue growth in the past year, but its earnings growth has been negative. However, analysts are optimistic about its future earnings growth. Investors should consider these factors and conduct further research before making any investment decisions.
EQT Corp Stock Analysis: Positive Outlook and Buy Rating from Analysts
On September 19, 2023, EQT Corp’s stock performance was analyzed based on the information provided by CNN Money. The 22 analysts offering 12-month price forecasts for EQT Corp had a median target of $48.00, with a high estimate of $65.00 and a low estimate of $37.00. This median estimate represented a +17.07% increase from the last price of $41.00.
According to the data, the current consensus among 24 polled investment analysts was to buy stock in EQT Corp. This rating had held steady since September, indicating that the buy rating had not changed.
In terms of financial performance, EQT Corp reported earnings per share of $0.11 and sales of $1.3 billion for the current quarter. The reporting date for these figures was set for October 26.
Based on the analysts’ price forecasts, it appears that there is a positive outlook for EQT Corp’s stock performance in the coming months. The median target of $48.00 suggests a potential increase of 17.07% from the last price. This indicates that the majority of analysts believe that the stock has room for growth.
The consensus among investment analysts to buy EQT Corp’s stock further supports this positive sentiment. It suggests that there is confidence in the company’s ability to deliver strong financial results and generate value for investors.
However, it is important to note that these forecasts and ratings are based on analysts’ opinions and projections. Actual stock performance may vary and be influenced by various factors, including market conditions, industry trends, and company-specific developments.
Investors should conduct their own research and analysis before making any investment decisions. It is also advisable to consider a diversified portfolio to mitigate risks and maximize potential returns.
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