Recent exceptional negative changes in investment behavior have affected EQT Corp (NYSE: EQT): its longer term price trend turned down, and the stock fell on very heavy volume.
EQT Corp (NYSE: EQT) suffers from significant negative changes in fundamentals. Negative developments: significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, EQT is expected to continue to be an important Value Builder.
EQT has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. EQT has a very high Appreciation Score of 88 but a poor Power Rating of 22, and the Neutral Value Trend Rating results.
Recent Price Action
On 3/15/24, EQT Corp (NYSE: EQT) stock declined modestly by -1.0%, closing at $33.43. Moreover, exceptionally high trading volume at 363% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -10.3% during the last week.
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