EQT stock: buy or sell?

EQT stock price: $20.89 0.38% At close on May 20th, 2019

Updated on:
May 20th, 2019

3

Shares of EQT stepped up a tiny 0.38% and closed at $20.89.

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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to define your own trading strategy that fits your character as inversor. 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 fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is EQT stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we collected 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 shares stepped up 0.38% to $20.89 today.

Shares of EQT stepped up a tiny 0.38% and closed at $20.89. From a daily perspective, EQT is in a short term uptrend after plotting its last bottom ($19.87, on May 9th) higher than the previous bottom, and its last top ($21.67, on Thursday) 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 $21.67 or down under $19.87. Since last March when SMA50d and SMA100d crossed up, EQT price gained $2.22 per share (11.89%).

EQT stock chart (daily)

Weekly outlook

Shares of EQT ended this week at $20.89 and remained steady a slightly good 0.38%.

EQT stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. This week EQT price bounced up over the SMA of 40 weeks that acted as support stopping new slides.

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 surged a inf%, with an average of inf% per year. 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 on June at $31.01, and all-time highs 2014-04-24 with a price of 59.36.

EQT stock price target is $22.30

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we found 3 price targets for EQT stock:
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 forecast is positive, increasing the prediction by a 6.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After posting its last earnings report on Apr/25, EQT stayed steady a slightly fine 0.82%. As soon as we get its posted EPS from the earnings report, we will update this review.
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

In 2018, EQT annual revenues boosted an astounding 75.36% to $4,736.46 million USD from $2,701.00 marked in 2017. On the other hand, its income margin (compared to revenues) collapsed to -47.39%, that is $-2,244.57 million.

To have an up to date picture of the financial situation of EQT, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual EQT TTM sales up to March 2019 were $4,446.04 and income was $-467.88 million USD. When comparing this TTM figures with the last reported annuality, we can esteem EQT business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, eased a rough -6.13%. Improving that, profit margin (net income/sales) skyrocketed at -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 M in revenues for 2019-Q1, a 4.94% improvement compared to previous quarter. Reported quarter earnings marked $190.69 million with a profit margin of 16.68%. Profit margin rocketed a 75.13% compared to previous quarter when profit margin was -58.45%. When comparing sales to same quarter last year, EQT sales marked a scary drop down 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 a company, 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 following table shows ownership data compared to other related stocks:

EQTARCOGEPDOKE
Market cap$5.3 B$2.4 B$11.1 B$63.3 B$28.1 B
Total shares255.3 M309.1 M423.3 M2,190.0 M412.8 M
Float shares253.1 M216.9 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, May 20th, 2019
Open$20.96
Close$20.89
Day range$20.79 - $21.19
Previous close$20.81
Session gain0.38%
Average true range$0.66
50d mov avg$20.56
100d mov avg$19.95
200d mov avg$21.36
Daily patternlt06a
Weekly pattern lt06a

EQT performance

To measure stock performance is always good to benchmark with competitors or related stocks. In the following table, we compare EQT to Antero Resources, Cabot Oil & Gas, Enterprise Products Partners, ONEOK, Range Resources, Southwestern Energy and Williams Companies:
Stock3m6m12m
EQT 8.35%15.67%-23.03%
ARAntero Resources-20.71%-45.77%-60.13%
COGCabot Oil & Gas4.10%2.31%13.73%
EPDEnterprise Produc...4.07%10.80%9.79%
OKEONEOK1.94%12.51%35.96%
RRCRange Resources-19.26%-48.04%-41.91%
SWNSouthwestern Ener...-7.16%-27.83%-13.94%
WMBWilliams Companie...2.27%12.57%4.29%

EQT competitors

One check before investing in any stock is to have a look a list of its competitors, in this case for EQT. We selected 7 companies as EQT competitors as they are in the same industry or have similar market objectives.

Latest EQT stock news