why EQT Corporation [EQT] is a Good Choice for Investors After New Price Target of $31.55

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EQT Corporation [NYSE: EQT] loss -1.33% on the last trading session, reaching $20.82 price per share at the time. The company report on November 18, 2021 that EQT Announces Pricing Of Offering Of Common Stock By Selling Shareholders.

EQT Corporation (NYSE: EQT) (the Company or EQT) announced the pricing of an underwritten public offering of 10,973,685 shares of its common stock by certain shareholders for gross proceeds of approximately $231.5 million (the Offering). Such selling shareholders, who had received the shares as a part of the Company’s acquisition of Alta Resources Development, LLC’s upstream and midstream subsidiaries, have granted the underwriters a 30-day option to purchase up to an additional 1,646,051 shares of the Company’s common stock. EQT will not sell any shares of its common stock in the Offering and will not receive any proceeds from the sale of the shares being offered by the selling shareholders. The Offering is expected to close on November 23, 2021, subject to customary closing conditions.


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Citigroup and RBC Capital Markets are acting as joint book-running managers for the Offering. The Offering is being made only by means of a prospectus supplement and the accompanying base prospectus, which was filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission (the SEC) on Form S-3. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement once available, may be obtained on the SEC’s website at www.sec.gov or from: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: (800) 831-9146; or RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, New York 10281, telephone: (877) 822-4089, email: equityprospectus@rbccm.com.

EQT Corporation represents 356.79 million in outstanding shares, while the company has a total market value of $7.97 billion with the latest information. EQT stock price has been found in the range of $20.39 to $21.05.

If compared to the average trading volume of 8.86M shares, EQT reached a trading volume of 11737860 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about EQT Corporation [EQT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EQT shares is $31.55 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EQT stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for EQT Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 19, 2021. The new note on the price target was released on October 29, 2021, representing the official price target for EQT Corporation stock. Previously, the target price had yet another raise to $23, while Citigroup analysts kept a Buy rating on EQT stock. On June 18, 2021, analysts increased their price target for EQT shares from 22 to 24.

The Average True Range (ATR) for EQT Corporation is set at 0.96, with the Price to Sales ratio for EQT stock in the period of the last 12 months amounting to 16.70. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 0.06.

Trading performance analysis for EQT stock

EQT Corporation [EQT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.53. With this latest performance, EQT shares gained by 0.48% in over the last four-week period, additionally sinking by -2.71% over the last 6 months – not to mention a rise of 38.89% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EQT stock in for the last two-week period is set at 49.60, with the RSI for the last a single of trading hit 47.49, and the three-weeks RSI is set at 50.60 for EQT Corporation [EQT]. The present Moving Average for the last 50 days of trading for this stock 20.61, while it was recorded at 21.43 for the last single week of trading, and 19.67 for the last 200 days.

EQT Corporation [EQT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and EQT Corporation [EQT] shares currently have an operating margin of -30.36 and a Gross Margin at -23.79. EQT Corporation’s Net Margin is presently recorded at -36.38.

Return on Total Capital for EQT is now -5.49, given the latest momentum, and Return on Invested Capital for the company is -6.63. Return on Equity for this stock declined to -10.15, with Return on Assets sitting at -5.24. When it comes to the capital structure of this company, EQT Corporation [EQT] has a Total Debt to Total Equity ratio set at 53.49. Additionally, EQT Total Debt to Total Capital is recorded at 34.85, with Total Debt to Total Assets ending up at 27.33. Long-Term Debt to Equity for the company is recorded at 51.55, with the Long-Term Debt to Total Capital now at 33.59.

Reflecting on the efficiency of the workforce at the company, EQT Corporation [EQT] managed to generate an average of -$1,549,946 per employee. Receivables Turnover for the company is 3.60 with a Total Asset Turnover recorded at a value of 0.14.EQT Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.

EQT Corporation [EQT]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, EQT Corporation posted -0.15/share EPS, while the average EPS was predicted by analysts to be reported at -0.26/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 42.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EQT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for EQT Corporation go to 5.00%.

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An analysis of insider ownership at EQT Corporation [EQT]

There are presently around $6,935 million, or 86.70% of EQT stock, in the hands of institutional investors. The top three institutional holders of EQT stocks are: BLACKROCK INC. with ownership of 49,971,707, which is approximately 9.779% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 28,665,502 shares of the stock with an approximate value of $596.82 million in EQT stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $513.83 million in EQT stock with ownership of nearly -13.897% of the company’s market capitalization.

Positions in EQT Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 231 institutional holders increased their position in EQT Corporation [NYSE:EQT] by around 91,181,623 shares. Additionally, 151 investors decreased positions by around 32,521,312 shares, while 56 investors held positions by with 209,379,141 shares. The mentioned changes placed institutional holdings at 333,082,076 shares, according to the latest SEC report filing. EQT stock had 89 new institutional investments in for a total of 51,721,485 shares, while 46 institutional investors sold positions of 8,758,800 shares during the same period.