EQT stock: buy or sell?
May 20th, 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?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.
|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?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we collected 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 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%).
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 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 $22.30How 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:
|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 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%.
|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 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%.
|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 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:
|Market cap||$5.3 B||$2.4 B||$11.1 B||$63.3 B||$28.1 B|
|Total shares||255.3 M||309.1 M||423.3 M||2,190.0 M||412.8 M|
|Float shares||253.1 M||216.9 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, May 20th, 2019|
|Day range||$20.79 - $21.19|
|Average true range||$0.66|
|50d mov avg||$20.56|
|100d mov avg||$19.95|
|200d mov avg||$21.36|
EQT performanceTo 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:
|COGCabot Oil & Gas||4.10%||2.31%||13.73%|
EQT competitorsOne 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.
- 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