Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day down 0.2%. By the end of trading, EQT fell 81 cents (-1.4%) to $57.09 on light volume. Throughout the day, 697,121 shares of EQT exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in price between $57.06-$58.01 after having opened the day at $57.87 as compared to the previous trading day's close of $57.90. Other companies within the Utilities sector that declined today were:
), down 7.1%,
), down 4.3%,
), down 3%, and
), down 2.8%.
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EQT Corporation, together with its subsidiaries, operates as an integrated energy company in the United States. It operates in three segments: EQT Production, EQT Midstream, and Distribution. EQT has a market cap of $8.71 billion and is part of the
industry. The company has a P/E ratio of 23.5, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 6.3% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate EQT a buy, no analysts rate it a sell, and three rate it a hold.
TheStreet Ratings rates EQT as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full EQT Ratings Report.
- Use our utilities section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider
) while those bearish on the utilities sector could consider
- Find other investment ideas from our top rated ETFs lists.
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