Dropping The 52 Week Low, EQT Corporation (NYSE:EQT) Ending The Day At $15.77

EQT
EQT

EQT Corporation (NYSE:EQT)

June 12th, 2019

Amidst falling markets EQT Corporation finished Wednesday’s trading session down 5.34%, a ($0.89) decrease to close on $15.77. As well as the drop in value, EQT Corporation hit a new 52 week low of $15.69, breaking the previous low of $16.63 from earlier this month. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.78.

EQT was outperformed by the rest of the Energy sector which went down only -1.44%.

EQT Corporation is listed on the S&P 500 index, and was one of 258 stocks that dropped today. Weighted by market cap, EQT represents about 0.02% of the S&P 500.

Results from 20 analysts suggest that EQT Corporation could go up significantly (53.36%), while Finbox has calculated (with very high uncertainty) a fair value price of $21.90.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending up. Utilities saw the biggest increase of the day (1.33%), while the Energy sector saw the biggest drop (-1.44%). Information Technology has seen the biggest year-to-date gain of 23.77%.

Energy and Financials both saw turn-arounds from their five day positive performances with Energy dropping -1.44%.

Sector Breakdown

  • Utilities, up 1.33%.
  • Healthcare, up 0.51%.
  • Materials, up 0.31%.
  • Real Estate, up 0.26%.
  • Industrials, up 0.20%.
  • Consumer Staples, up 0.04%.
  • Consumer Discretionary, down -0.11%.
  • Communication Services, down -0.28%.
  • Information Technology, down -0.58%.
  • Financials, down -0.95%.
  • Energy, down -1.44%.

EQT Corporation Info

EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres. The company was founded in 1925 and is headquartered in Pittsburgh, Pennsylvania.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that EQT Corporation’s score is 0.78) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

EQT daily update
EQT daily update

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