Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. EQT Corporation shares valued at $489,789 were sold by Jackson Kathryn Jean on May 03. At $42.34 per share, Jackson Kathryn Jean sold 11,568 shares. The insider’s holdings dropped to 501 shares worth approximately $22740.39 following the completion of this transaction.
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As published in a research note from BMO Capital Markets on September 19, 2022, EQT Corporation [EQT] has been rated up from a Market perform to an Outperform and the price target has been revised to $65 from $50. This represents a 30.17% premium over Wednesday’s closing price. Analysts at BofA Securities resumed the stock at ‘”a Buy”‘ outlook in a report released in mid September.
Analyzing EQT’s Price Performance
On Wednesday, EQT Corporation [NYSE: EQT] plunged -2.51% to $45.39. The stock’s lowest price that day was $45.37, but it reached a high of $48.07 in the same session. During the last five days, there has been a drop of approximately -10.30%. Over the course of the year, EQT Corporation shares have jumped approximately 108.12%. Shares of the company reached a 52-week high of $51.97 on 09/14/22 and a 52-week low of $19.20 on 01/27/22. A 50-day SMA is recorded $45.08, while a 200-day SMA reached $34.82. Nevertheless, trading volume fell to 4.16 million shares from 6.06 million shares the previous day.
Support And Resistance Levels for EQT Corporation (EQT)
According to the 24-hour chart, there is a support level at 44.48, which, if violated, would cause prices to drop to 43.58. In the upper region, resistance lies at 47.18. The next price resistance is at 48.98. RSI (Relative Strength Index) is 46.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.91, which suggests the price will decrease in the coming days. Percent R is at 86.24%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is EQT Corporation subject to short interest?
Stocks of EQT Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.42 million shares to 23.14 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 23.56 million shares. A decline of -1.82% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.69 of the overall float, the days-to-cover ratio (short ratio) decline to 2.69.
Which companies own the most shares of EQT Corporation (EQT)?
According to The Vanguard Group, Inc. filings, the company currently owns 31,325,491 shares, which is about 8.47% of the total EQT shares outstanding. The investor’s shares have plunged by -455,186 from its previous 13-F filing of 31780677.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $1,357,281,478. Fidelity Management & Research Co reduced a -1.25% interest valued at $1.09 billion while Capital Research & Management Co purchased a 5,695,462 stake. A total of -4,116,364 shares of EQT Corporation were bought by BlackRock Advisors LLC during the quarter, and -912,042 were sold by SSgA Funds Management, Inc. In its current portfolio, ClearBridge Investments LLC holds 10,722,172 shares valued at $512.52 million.
In terms of EQT Corporation share price expectations, FactSet research, analysts set an average price target of $64.40 in the next 12 months, up nearly 31.01% from the previous closing price of $46.56. Analysts anticipate EQT Corporation stock to reach $102.00 by 2022, with the lowest price target being $46.00. In spite of this, 21 analysts ranked EQT Corporation stock as a Buy at the end of 2022. On April 11, 2022, Tudor Pickering Holt & Co. assigned a price target of “a Buy” to the stock and upgraded coverage with a $58.