Last Updated: 16 Sep 2024
Executive Summary
EQT Corporation (EQT) is a leading natural gas production company in the United States. The company has a strong financial position with a market capitalization of $19.7 billion, EBITDA of $2.7 billion, and EPS of $1.53. EQT has a favorable valuation with a trailing PE of 21.69 and a forward PE of 8.96. The company pays a dividend with a yield of 0.019%. The technical analysis indicates that EQT is in a downtrend, but the stock has support at the 50-day moving average. The short-term outlook is neutral, while the long-term outlook is positive.
Company Overview
EQT Corporation is a natural gas production company headquartered in Pittsburgh, Pennsylvania. The company has operations in the Appalachian Basin, the Permian Basin, and the Gulf of Mexico. EQT is the largest producer of natural gas in the United States. The company has a diversified portfolio of assets and a strong track record of operational excellence.
Fundamental Analysis
EQT Corporation has a strong financial position. The company has a market capitalization of $19.7 billion, EBITDA of $2.7 billion, and EPS of $1.53. EQT has a favorable valuation with a trailing PE of 21.69 and a forward PE of 8.96. The company pays a dividend with a yield of 0.019%.
EQT's revenue has been growing steadily in recent years. In 2023, the company reported revenue of $4.4 billion, up from $3.9 billion in 2022. The company's earnings have also been growing, with EPS increasing from $1.35 in 2022 to $1.53 in 2023.
EQT's balance sheet is strong. The company has $1.5 billion in cash and equivalents and $4.2 billion in total debt. EQT's debt-to-equity ratio is 0.21, which is below the industry average.
Technical Analysis
EQT Corporation's stock price has been in a downtrend since reaching a high of $44.46 in June 2023. The stock has support at the 50-day moving average, which is currently at $33.62. The stock is also approaching the 200-day moving average, which is currently at $36.65.
The relative strength index (RSI) is currently at 35.38, which indicates that the stock is oversold. The moving average convergence divergence (MACD) is also below the signal line, which indicates that the stock is in a downtrend.
Short Term Outlook
The short-term outlook for EQT Corporation is neutral. The stock is in a downtrend, but it has support at the 50-day moving average. The stock is also approaching the 200-day moving average, which could provide further support.
Long Term Outlook
The long-term outlook for EQT Corporation is positive. The company has a strong financial position and a diversified portfolio of assets. The company is also benefiting from the increasing demand for natural gas.
Analyst Recommendations
The consensus analyst recommendation for EQT Corporation is a buy. The average analyst target price is $42.91, which represents a potential upside of 29.3% from the current price.
Disclaimer
This report is for informational purposes only and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.
