PITTSBURGH - Shares of EQT Corp (NYSE:EQT (ST:EQTAB)), the largest natural gas producer in the United States, closed at $35.96, reflecting a year-to-date decline of nearly seven percent. The company, with a market capitalization surpassing $14 billion, has seen its stock price experience significant fluctuations within the past year, trading between $28.10 and $45.23.
The trading volume of EQT Corp averages around six million shares, and the stock carries a beta value of 1.14, indicating its volatility in relation to the overall market. Despite the recent decline, institutional ownership remains high. Prominent investors include the Vanguard Group Inc and Price (T.Rowe) Associates Inc, showcasing a strong institutional vote of confidence in the company's prospects.
Looking ahead, financial analysts are projecting a decrease in earnings per share (EPS) of about 25% for the current fiscal year. However, they are optimistic about a potential rebound in the subsequent years.
InvestingPro Insights
In the dynamic landscape of energy stocks, EQT Corp's recent trading pattern presents a compelling picture, one that investors may find useful when informed by the latest InvestingPro data. With a market capitalization of approximately $14.49 billion and a notably low P/E ratio of 4.39, EQT Corp stands out for its valuation relative to near-term earnings growth. This is particularly relevant as the company trades at a P/E ratio adjusted for the last twelve months as of Q3 2023 of 4.74, indicating a potential undervaluation when juxtaposed with its earnings trajectory.
An InvestingPro Tip worth noting is that EQT Corp is trading at a low P/E ratio relative to near-term earnings growth, which could signal an attractive entry point for value-oriented investors. Furthermore, the company's stock generally trades with low price volatility, offering a sense of stability in a sector known for its fluctuations.
The company's financial health is also underscored by its ability to cover interest payments, as cash flows have been sufficient for this purpose over the last twelve months. Additionally, while analysts anticipate a sales decline in the current year, they predict the company will remain profitable, which was indeed the case over the last twelve months.
For those considering an investment in EQT Corp, InvestingPro offers a wealth of additional tips to help refine your strategy. Currently, InvestingPro lists several more tips for EQT, which can be accessed with a subscription. Now is an opportune time to subscribe, as InvestingPro is offering a special New Year sale with discounts of up to 50%. Use coupon code SFY24 to get an additional 10% off a 2-year InvestingPro+ subscription, or SFY241 to get an additional 10% off a 1-year subscription. With these insights and tools at your disposal, making an informed decision on EQT Corp could be more within reach.
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