EQT (EQT) Reaches New Lifetime High Today

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified EQT ( EQT) as a new lifetime high 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 $126.3 million.
  • EQT has traded 126,013 shares today.
  • EQT is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in EQT with the Ticky from Trade-Ideas. See the FREE profile for EQT NOW at Trade-Ideas

More details on EQT:

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. The stock currently has a dividend yield of 0.1%. EQT has a PE ratio of 43.4. Currently there are 9 analysts that rate EQT a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for EQT has been 1.4 million shares per day over the past 30 days. EQT has a market cap of $14.0 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.98 and a short float of 1.5% with 1.98 days to cover. Shares are up 2.6% year-to-date as of the close of trading on Monday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates EQT as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, compelling growth in net income and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:
  • The revenue growth greatly exceeded the industry average of 1.4%. Since the same quarter one year prior, revenues rose by 39.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The gross profit margin for EQT CORP is rather high; currently it is at 68.97%. It has increased significantly from the same period last year. Along with this, the net profit margin of 17.42% significantly outperformed against the industry average.
  • Net operating cash flow has significantly increased by 58.33% to $398.27 million when compared to the same quarter last year. In addition, EQT CORP has also vastly surpassed the industry average cash flow growth rate of -44.35%.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 176.9% when compared to the same quarter one year prior, rising from $31.87 million to $88.26 million.
  • Powered by its strong earnings growth of 176.19% and other important driving factors, this stock has surged by 48.36% over the past year, outperforming the rise in the S&P 500 Index during the same period. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
null

If you liked this article you might like

How to Invest in Oil

How to Invest in Oil

Newbie Activist D.E. Shaw Eyes Campaign At Lowe's

Newbie Activist D.E. Shaw Eyes Campaign At Lowe's

Novice Trade: Natural Trust ETF

Novice Trade: Natural Trust ETF

Novice Trade: FCG

Novice Trade: FCG

5 Stocks to Buy With Oil Prices Hitting Highs Again

5 Stocks to Buy With Oil Prices Hitting Highs Again