A Close Look at EQT’s Year-over-Year Stock Performance



EQT’s moving averages

EQT (EQT) stock was mostly in a declining trend in the second half of 2015. But since the recent 2016 rally in natural gas prices (UNG), it’s been on an uptrend.

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.

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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 comparison, EQT’s upstream peers Cabot Oil & Gas (COG) and Antero Resources (AR) reported 1Q16 adjusted EPS of -$0.13 and $0.17, respectively.

In the following part,we’ll look at EQT’s key management objectives and stock forecasts.


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