EQT Corporation (NYSE: EQT) is currently experiencing a fluctuating trend in the stock market where it is trading
0.1% higher. It has a consensus rating of
“Moderate Buy” from brokerages, suggesting that Wall Street is primarily bullish on the stock. Despite some insiders selling their stocks, EQT has just announced a dividend of $0.1575 indicating a positive outlook. Amid the volatile situations, EQT made headline after the completion of its acquisition of
Equitrans Midstream, making it a more robust entity in the market. It has also strengthened its
governance and boosted
borrowing capacity. The strategies exerted by EQT to enhance its financials are paying off as they recently beat the EPS and revenue for Q1 2024. They have also made significant moves such as the acquisition of Perficient for $3B, causing the stock to soar by 53 percent. Looking forward, EQT is expected to post FY2028 earnings of $7.71 per share. However, it touched a 52-week low at $32.05 due to market shifts and lost some gas, marking a potential price bottoming stage.
Eqt Stocks EQT News Analytics from Wed, 20 Dec 2023 08:00:00 GMT to Sun, 11 Aug 2024 10:19:08 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -5
