EQT stock: buy or sell?

EQT stock price: $15.62 -1.26% At close on July 15th, 2019

Updated on:
July 15th, 2019

1

EQT shares slightly fell -1.26% to $15.62 today.

EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil.

Should I buy EQT stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with EQT stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean EQT will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is EQT stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 5 ratings published for EQT stock in the last 30 days.

Is EQT a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-5-20Wells Fargo & CoMarket PerformOutperform
2019-4-9Cowenn/aMarket Perform
2019-2-20TD Securitiesn/aHold
2019-1-7Royal Bank of CanadaOutperformSector Perform
2019-1-29Jefferies Financial Groupn/aHold

EQT stock analysis

Daily outlook

EQT closed today at $15.62 and slightly fell a tragic -1.26%.

EQT slightly fell a tragic -1.26% and closed at $15.62. From a daily perspective, EQT is in a short term uptrend after plotting its last bottom ($14.97, on Tuesday) higher than the previous bottom, and its last top ($16.44, on Wednesday) also over the previous top. Now trading in between its last bottom and last top EQT might consolidate in a plain range, waiting to break out over $16.44 or down under $14.97.

EQT stock chart (daily)

Weekly outlook

EQT shares depreciated -1.26% this week, ending at $15.62. By mid June EQT plunged a chilling -11.89% in just one week.

EQT is in a glaring downtrend, marking successive declining peaks and bottoms. Now is trading in between the - range. If the support holds the price, this might mark a double bottom shape and create a flat-base to reverse this downtrend. Since price and 40-weeks moving average lines crossed down by mid May, EQT fell $-5.40 per share (-25.69%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support.

EQT stock chart (weekly)

EQT stock price history

EQT stock went public on July 18th, 1980 with a price of $0.001. Since then, EQT stock grew a inf%, with a yearly average of inf%. If you had invested right after EQT's IPO a $1,000 in EQT stock in 1980, it would worth $inf today.

1: Adjusted price after possible price splits or reverse-splits.

EQT stock historical price chart

EQT stock reached 52-week highs at $30.98, and all-time highs 2014-04-24 with a price of 59.36.

EQT stock price target is $22.30

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' EQT stock price predictions in the hope that they will be met as they may be wrong and not met. We found 3 price targets for EQT stock posted in the last month:
EQT stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-4-9CowenInitiatesn/a$24.00-
2019-2-20TD SecuritiesRaises Target$21.00$22.004.8%
2019-1-29Jefferies Financial GroupReiteratesn/a$21.00-
(in average)$21.00$22.306.0%
Moving in a range from $24.00 and $21.00, the price target for EQT stock is $22.30. In average, analysts' outlook on EQT price target is positive, upgrading the prediction by a 6.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, EQT collapsed a frightening -24.61%. As soon as we get its posted EPS from the earnings report, we will update this report.
EQT earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.24n/a
2017-Q32017-10-26-0.040.12n/a
2017-Q42018-02-150.240.76216.7%
2018-Q12018-04-261.011.010.0%
2018-Q22018-07-260.370.4418.9%
2018-Q32018-10-250.330.356.1%
2018-Q42019-02-140.790.790.0%
2019-Q12019-04-250.98n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw an astounding gain of 75.36% to $4,736.46 million dollars. When comparing 2018 vs 2017, however, profit margin (that is, the net income divided by revenues) collapsed a -103.24% to -47.39%.

EQT presents anual results in December, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, EQT TTM sales up to March 2019 were $4,446.04 and earnings $-467.88 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem EQT business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, dropped a fatal -6.13%. Regarding profit margin, EQT climbed 36.87% to -47.39%

EQT annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,770 M-$299 M16.9%-
2014$2,470 M39.53%$387 M15.7%29.54%
2015$1,954 M-20.88%$85 M4.4%-77.99%
2016$1,857 M-4.95%$-452.98 M-24.4%-631.85%
2017$2,701 M45.42%$1,509 M55.9%-433.02%
2018$4,736 M75.36%$-2,244.57 M-47.4%-248.79%
TTM $4,446 M-6.13%$-467.88 M-10.5%-79.15%

Quarterly financial results

EQT posted $1,143.17 million in revenues for 2019-Q1, a 4.94% improvement compared to previous quarter. Reported quarter income marked $190.69 million with a profit margin of 16.68%. Profit margin climbed a 75.13% compared to previous quarter when profit margin was -58.45%. When comparing turnover to same quarter last year, EQT sales marked a spooky decrease and plunged a -20.26%.
EQT quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$643 M-$41.13 M6.4%-
2017-Q3$623 M-3.06%$23.34 M3.7%-43.25%
2017-Q4$746 M19.64%$1,280.07 M171.7%5,384.45%
2018-Q1$1,434 M92.25%$-1,585.99 M-110.6%-223.90%
2018-Q2$1,055 M-26.43%$17.81 M1.7%-101.12%
2018-Q3$1,159 M9.88%$-39.69 M-3.4%-322.92%
2018-Q4$1,089 M-6.00%$-636.69 M-58.4%1,504.03%
2019-Q1$1,143 M4.94%$190.69 M16.7%-129.95%

EQT ownership

When you are planning to buy shares of a stock, it's always worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For EQT, 0.78% of all outstanding shares are owned by its staff.

Bearish positions for EQT stock account 0.00%, no big difference from last month.

For a better understanding, the next table shows ownership data compared to other related stocks:

EQTARCOGEPDOKE
Market cap$4.1 B$1.6 B$10.2 B$66.9 B$29.4 B
Total shares265.0 M309.1 M423.4 M2,190.0 M412.8 M
Float shares253.1 M232.7 M415.9 M1,480.0 M410.0 M
  - Institutional holdings (%)107.5%41.1%104.8%37.6%77.6%
  - Insider holdings (%)0.8%1.4%1.7%32.1%0.7%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

EQT summary

Monday, July 15th, 2019
Open$15.87
Close$15.62
Day range$15.45 - $15.92
Previous close$15.82
Session gain-1.26%
Average true range$0.75
50d mov avg$17.68
100d mov avg$18.90
200d mov avg$19.49
Daily patternlt06a
Weekly pattern lt02a

EQT performance

To better understand EQT performance you must becnhmark its gains with other related stocks in same sector or industry. We compared EQT against Antero Resources, Cabot Oil & Gas, Enterprise Products Partners, ONEOK, Range Resources, Southwestern Energy and Williams Companies in the following table:
Stock3m6m12m
EQT -23.47%-26.04%-48.07%
ARAntero Resources-40.16%-50.48%-76.10%
COGCabot Oil & Gas-11.76%-0.12%3.54%
EPDEnterprise Produc...5.20%16.63%14.54%
OKEONEOK2.27%22.40%5.16%
RRCRange Resources-38.97%-45.10%-61.40%
SWNSouthwestern Ener...-40.74%-37.47%-49.44%
WMBWilliams Companie...1.05%18.43%11.39%

EQT competitors

We chose a few stocks to conform a list of EQT competitors to check if you are interested in investing in EQT:

Latest EQT stock news