Today's Pre-Market Mover With Heavy Volume: EQT (EQT)
Trade-Ideas LLC identified EQT ( EQT) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified EQT as such a stock due to the following factors:
- EQT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $112.6 million.
- EQT traded 184,582 shares today in the pre-market hours as of 7:39 AM, representing 11% of its average daily volume.
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More details on EQT: EQT Corporation, together with its subsidiaries, operates as an integrated energy company in the United States. It operates through two segments, EQT Production and EQT Midstream. The stock currently has a dividend yield of 0.2%. EQT has a PE ratio of 129. Currently there are 8 analysts that rate EQT a buy, no analysts rate it a sell, and 6 rate it a hold. The average volume for EQT has been 2.1 million shares per day over the past 30 days. EQT has a market cap of $11.1 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.85 and a short float of 2.9% with 2.39 days to cover. Shares are up 34.4% year-to-date as of the close of trading on Thursday.
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Analysis:
rates EQT as a
. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and a generally disappointing performance in the stock itself. Highlights from the ratings report include:
- Despite the weak revenue results, EQT has outperformed against the industry average of 34.1%. Since the same quarter one year prior, revenues fell by 23.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- The gross profit margin for EQT CORP is rather high; currently it is at 64.25%. Regardless of EQT's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, EQT's net profit margin of 1.03% compares favorably to the industry average.
- The share price of EQT CORP has not done very well: it is down 19.91% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
- EQT CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Earnings per share have declined over the last two years. We anticipate that this should continue in the coming year. During the past fiscal year, EQT CORP reported lower earnings of $0.57 versus $2.53 in the prior year. For the next year, the market is expecting a contraction of 291.2% in earnings (-$1.09 versus $0.57).
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed against the S&P 500 and did not exceed that of the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 96.8% when compared to the same quarter one year ago, falling from $173.43 million to $5.64 million.
- You can view the full EQT Ratings Report.
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