For its second fiscal quarter (ending June 30), EQT Corp (NYSE: EQT) has reported E.P.S. of $0.02 compared to $-0.18 a year ago. This performance was $0.15 better than the consensus estimate of $-0.13. E.P.S. were $1.67 for the latest four quarters through June 30 versus $9.70 for the same period a year ago — a decline of -83%.
Recent Price Action
On 7/23/24, EQT Corp (NYSE: EQT) stock declined modestly by -1.7%, closing at $35.05. Moreover, trading volume in this decline was unusually high at 165% of normal. Relative to the market the stock has been weak over the last nine months and has declined -4.8% during the last week.
Current PriceTarget Research Rating
EQT’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
EQT has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. EQT has a very high Appreciation Score of 87 but a poor Power Rating of 25, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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