EQT stock: buy or sell?
July 15th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-5-20||Wells Fargo & Co||Market Perform||Outperform|
|2019-1-7||Royal Bank of Canada||Outperform||Sector Perform|
|2019-1-29||Jefferies Financial Group||n/a||Hold|
EQT stock analysis
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 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 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 $22.30Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-2-20||TD Securities||Raises Target||$21.00||$22.00||4.8%|
|2019-1-29||Jefferies Financial Group||Reiterates||n/a||$21.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%
|2013||$1,770 M||-||$299 M16.9%||-|
|2014||$2,470 M||39.53%||$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 M||45.42%||$1,509 M55.9%||-433.02%|
|2018||$4,736 M||75.36%||$-2,244.57 M-47.4%||-248.79%|
|TTM||$4,446 M||-6.13%||$-467.88 M-10.5%||-79.15%|
Quarterly financial resultsEQT 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%.
|2017-Q2||$643 M||-||$41.13 M6.4%||-|
|2017-Q3||$623 M||-3.06%||$23.34 M3.7%||-43.25%|
|2017-Q4||$746 M||19.64%||$1,280.07 M171.7%||5,384.45%|
|2018-Q1||$1,434 M||92.25%||$-1,585.99 M-110.6%||-223.90%|
|2018-Q2||$1,055 M||-26.43%||$17.81 M1.7%||-101.12%|
|2018-Q3||$1,159 M||9.88%||$-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 M||4.94%||$190.69 M16.7%||-129.95%|
EQT ownershipWhen 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:
|Market cap||$4.1 B||$1.6 B||$10.2 B||$66.9 B||$29.4 B|
|Total shares||265.0 M||309.1 M||423.4 M||2,190.0 M||412.8 M|
|Float shares||253.1 M||232.7 M||415.9 M||1,480.0 M||410.0 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Monday, July 15th, 2019|
|Day range||$15.45 - $15.92|
|Average true range||$0.75|
|50d mov avg||$17.68|
|100d mov avg||$18.90|
|200d mov avg||$19.49|
EQT performanceTo 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:
|COGCabot Oil & Gas||-11.76%||-0.12%||3.54%|
EQT competitorsWe chose a few stocks to conform a list of EQT competitors to check if you are interested in investing in EQT:
- Antero Resources (AR)
- Cabot Oil & Gas (COG)
- Enterprise Products Partners (EPD)
- ONEOK (OKE)
- Range Resources (RRC)
- Southwestern Energy (SWN)
- Williams Companies (WMB)
Latest EQT stock news
- Seeking AlphaEQT Midstream Has Plenty Of Work In The Pipeline, No Puns IntendedFebruary 5, 2019
- Seeking AlphaEQT Corporation: Poised For Steady Growth And Cash Flow GenerationJanuary 26, 2019
- Seeking AlphaSierra Club Offers EQT Midstream Partners Investors OpportunitySeptember 24, 2018
- Seeking AlphaEQT Midstream Partners: Uncertainty In Natural Gas Industry Creating A Value OpportunityJuly 11, 2018