Examining the Potential Price Growth of EQT Corporation (EQT)

EQT Corporation’s recently made public that its CHIEF ACCOUNTING OFFICER James Todd unloaded Company’s shares for reported $1.2 million on Jun 09. In the deal valued at $38.56 per share,31,170 shares were sold. As a result of this transaction, James Todd now holds 39,392 shares worth roughly $ 1.67 million.

Then, Evancho Lesley sold 9,821 shares, generating $414,003 in total proceeds. Upon selling the shares at $42.15, the CHIEF HUMAN RESOURCES OFFICER now owns 115,895 shares.

Before that, Jordan William E. sold 98,783 shares. EQT Corporation shares valued at $4,104,127 were divested by the EVP, GC AND CORP SEC at a price of $41.55 per share. As a result of the transaction, Jordan William E. now holds 297,787 shares, worth roughly $12.61 million.

Tudor Pickering Holt & Co. upgraded its EQT Corporation [EQT] rating to a Buy from a a Hold in a research note published on Monday.

Price Performance Review of EQT

On Monday, EQT Corporation [NYSE:EQT] saw its stock jump 0.74% to $42.35. On the same session, the stock had its day’s lowest price of $41.99, but rose to a high of $42.64. Over the last five days, the stock has lost -4.98%. EQT Corporation shares have risen nearly 25.18% since the year began. Nevertheless, the stocks have fallen -14.41% over the past one year. While a 52-week high of $51.97 was reached on 08/21/23, a 52-week low of $28.10 was recorded on 03/15/23. SMA at 50 days reached $41.08, while 200 days put it at $36.19. A total of 3.02 million shares were traded, compared to the trading of 2.93 million shares in the previous session.

Levels Of Support And Resistance For EQT Stock

The 24-hour chart illustrates a support level at 42.01, which if violated will result in even more drops to 41.68. On the upside, there is a resistance level at 42.66. A further resistance level may holdings at 42.98. The Relative Strength Index (RSI) on the 14-day chart is 52.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.29%. Stochastics %K at 24.19% indicates the stock is a holding.

How much short interest is there in EQT Corporation?

A steep rise in short interest was recorded in EQT Corporation stocks on Aug 14, 2023, dropping by -2.23 million shares to a total of 27.28 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 29.51 million shares. There was a decline of -8.17%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 10.01% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.62.

EQT Corporation [EQT] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 40,188,311 shares, or roughly 11.11% of the outstanding EQT shares. In other words, the investor’s shares have risen by 2,668,873 from its previous 13-F filing of 37519438.0.. Over the last quarter, BlackRock Fund Advisors sold -1,795,377 shares of EQT Corporation, while Capital Research & Management Co sold -1,594,231 shares. At present, Wellington Management Co. LLP is holding 12,160,719 shares valued at $512.94 million. ClearBridge Investments LLC owned 11,776,306 shares of the company at the time of its most recent 13F filing, worth $496.72 million.

According to FactSet, EQT Corporation’s share price will average $48.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.18 percent from its previous closing price of $42.04. Analysts expect EQT Corporation stock to reach the higher price of $65.00, while the lowest price estimate is $35.00. However, 24 analysts have rated EQT stock as an Overweight in their predictions for 2023.