EQT Stock Summary and Trading Ideas (Eqt | NYSE:EQT)

EQT Corp is an independent natural gas production company with operations focused in the Marcellus and Utica shale plays in the Appalachian Basin. At year-end 2023, EQT's proven reserves totaled 27.6 trillion cubic feet equivalent, with net production of 5.79 billion cubic feet equivalent per day. Natural gas accounted for 94% of production.

Eqt trades on the NYSE stock market under the symbol EQT.

As of December 11, 2024, EQT stock price climbed to $45.67 with 6,116,592 million shares trading.

EQT has a beta of 1.21, meaning it tends to be more sensitive to market movements. EQT has a correlation of 0.18 to the broad based SPY ETF.

EQT has a market cap of $27.25 billion. This is considered a Large Cap stock.

Last quarter Eqt reported $1 billion in Revenue and $.12 earnings per share. This beat revenue expectation by $63 million and exceeded earnings estimates by $.06.

In the last 3 years, EQT traded as high as $51.97 and as low as $19.20.

The top ETF exchange traded funds that EQT belongs to (by Net Assets): VTI, XLE, VOO, SPY, IVV.

EQT has underperformed the market in the last year with a price return of +24.7% while the SPY ETF gained +33.6%. However, in the short term, EQT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +42.7% vs +11.0% return in SPY. But in the last 2 weeks, EQT shares have been beat by the market, returning +0.2% compared to an SPY return of +1.2%.

EQT support price is $42.15 and resistance is $43.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EQT shares will trade within this expected range on the day.