EQT Corporation (NYSE:EQT) Hits 52 Week Low

EQT
EQT

EQT Corporation (NYSE:EQT)

June 13th, 2019

Amidst rising markets EQT Corporation closed the day up $0.36 Thursday which equals a 2.28% increase, closing at $16.13. Despite ending the day higher, EQT Corporation hit a new 52 week low of $15.66, breaking the previous low of $15.69 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 outperformed the rest of the Energy sector which went up 1.25% today.

EQT Corporation is listed on the S&P 500 index, and was one of 376 stocks that increased today. Weighted by market cap, EQT represents about 0.02% of the S&P 500.

Forecasts from 20 analysts indicates that EQT Corporation might increase significantly (52.46%), while Finbox has calculated (with very high uncertainty) a fair value price of $21.58.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.

Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.

Sector Breakdown

  • Energy, up 1.25%.
  • Communication Services, up 1.14%.
  • Consumer Discretionary, up 0.90%.
  • Materials, up 0.58%.
  • Industrials, up 0.54%.
  • Financials, up 0.23%.
  • Information Technology, up 0.22%.
  • Utilities, up 0.15%.
  • Consumer Staples, up 0.11%.
  • Real Estate, up 0.09%.
  • Healthcare, down -0.11%.

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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