EQT’s moving averages
On January 21, 2016, EQT crossed its 50-day moving average for the first time in 2016. Except for a slight fall in March, EQT continues to trade above its 50-day moving average. On June 13, 2016, the stock was trading ~7% above its 50-day moving average.
EQT also broke above its 200-day moving average in March 2016, and it continues to move higher. It was a bullish sign when the company’s 50-day moving average went above its 200-day moving average.
A quick earnings review and peer comparison
EQT reported its 1Q16 earnings on April 28, 2016. The company announced adjusted revenue of ~$545.2 million, missing Wall Street analysts’ consensus revenue estimate of ~$560 million. EQT’s 1Q16 revenue was ~23% lower than its 1Q15 revenue of ~$709 million.
EQT’s 1Q16 adjusted EPS (earnings per share) was -$0.05. That was lower than analysts’ consensus estimate of $0.10. Its 1Q15 EPS was $1.08.
In the following part,we’ll look at EQT’s key management objectives and stock forecasts.