EQT (NYSE:EQT) Director Vicky Bailey Sells 4,116 Shares

EQT Corporation (NYSE:EQT) Director Vicky Bailey sold 4,116 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $59.80, for a total transaction of $246,136.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

EQT Stock Down 0.5%

EQT stock traded down $0.28 during trading on Wednesday, reaching $59.14. The stock had a trading volume of 8,659,219 shares, compared to its average volume of 9,756,584. EQT Corporation has a one year low of $48.47 and a one year high of $68.24. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $61.20 and its two-hundred day moving average is $57.57. The company has a market capitalization of $36.99 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 1.03 and a beta of 0.70.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, April 21st. The oil and gas producer reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.32. EQT had a net margin of 31.94% and a return on equity of 9.74%. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the prior year, the firm posted $1.18 EPS. Equities research analysts forecast that EQT Corporation will post 4.53 EPS for the current year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 6th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, May 6th. EQT’s dividend payout ratio is presently 12.52%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sound Shore Management Inc CT grew its position in shares of EQT by 31.8% during the 3rd quarter. Sound Shore Management Inc CT now owns 1,526,821 shares of the oil and gas producer’s stock valued at $83,105,000 after acquiring an additional 368,748 shares during the period. Reaves W H & Co. Inc. grew its position in shares of EQT by 12.9% during the 4th quarter. Reaves W H & Co. Inc. now owns 1,161,975 shares of the oil and gas producer’s stock valued at $62,282,000 after acquiring an additional 132,741 shares during the period. Rhumbline Advisers grew its position in shares of EQT by 4.7% during the 3rd quarter. Rhumbline Advisers now owns 1,108,307 shares of the oil and gas producer’s stock valued at $60,325,000 after acquiring an additional 49,714 shares during the period. Whittier Trust Co. grew its position in shares of EQT by 9.6% during the 1st quarter. Whittier Trust Co. now owns 643,321 shares of the oil and gas producer’s stock valued at $38,857,000 after acquiring an additional 56,149 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of EQT by 9.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 583,072 shares of the oil and gas producer’s stock valued at $31,253,000 after acquiring an additional 48,587 shares during the period. 90.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of EQT from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Zacks Research downgraded shares of EQT from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. BMO Capital Markets upped their price objective on shares of EQT from $68.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, March 27th. Roth Mkm reissued a “neutral” rating on shares of EQT in a research report on Tuesday, April 14th. Finally, TD Securities raised shares of EQT to a “strong-buy” rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, EQT currently has a consensus rating of “Moderate Buy” and an average price target of $68.92.

EQT News Summary

Here are the key news stories impacting EQT this week:

• Positive Sentiment: Q1 results and earnings call commentary reinforced fundamentals: management highlighted robust free cash flow, resilience during Winter Storm Fern, benefits from the Equitrans integration and a minimal-hedging stance that captured market upside — factors supporting earnings and cash-return potential. Read More.
• Positive Sentiment: Prominent bullish media coverage: Jim Cramer named EQT one of his “favorite oil and gas companies,” which can boost retail interest and sentiment. Read More.
• Positive Sentiment: Analyst price-target lift: Capital One raised its price target to $68 and kept an Overweight rating, implying mid-teens upside from recent levels — a direct positive for investor expectations. Read More.
• Positive Sentiment: Contrarian take on recent weakness: A Seeking Alpha piece argues the recent selloff further highlights underpricing, suggesting the pullback may be a buying opportunity given fundamentals. Read More.
• Neutral Sentiment: Mentions and repeats of bullish media (coverage duplication): other outlets and aggregators echoed Cramer/earnings highlights, which amplifies visibility but is largely reiterative. Read More.
• Neutral Sentiment: Industry competitor news (ENI gas discoveries) — relevant for longer-term gas/LNG supply dynamics but not specific to EQT’s near-term results. Read More.
• Neutral Sentiment: Several items reference “EQT-backed” IPOs and large fund closes (Virtusa IPO talk, EUR 3.1bn real-estate fund, Vinted sale). Important to note these relate to Swedish private-equity group EQT AB, not EQT Corporation (NYSE:EQT); they may cause headline confusion but are not direct drivers of EQT Corp.’s operations. Read More. | Read More.

About EQT

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.