EQT (EQT) Stock Price Up 0.5%

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Shares of EQT Co. (NYSE:EQT) rose 0.5% during trading on Wednesday . The stock traded as high as $19.70 and last traded at $19.75. Approximately 118,220 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 4,741,536 shares. The stock had previously closed at $19.65.

EQT has been the subject of several research reports. Credit Suisse Group reduced their target price on EQT from $48.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, November 15th. TD Securities reduced their target price on EQT from $53.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, November 15th. Goldman Sachs Group upgraded EQT from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, November 20th. Morgan Stanley raised their target price on EQT from $12.00 to $13.00 and gave the company a “sell” rating in a research note on Tuesday, November 20th. Finally, TheStreet downgraded EQT from a “c-” rating to a “d+” rating in a research note on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. EQT presently has a consensus rating of “Hold” and an average price target of $38.43.

The company has a market cap of $5.00 billion, a PE ratio of 11.68, a PEG ratio of 1.46 and a beta of 0.68. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.84.

EQT (NYSE:EQT) last released its quarterly earnings results on Thursday, February 14th. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.02). The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. EQT had a negative net margin of 45.88% and a positive return on equity of 4.46%. EQT’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. Equities research analysts expect that EQT Co. will post 1.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.60%. EQT’s dividend payout ratio (DPR) is currently 7.06%.

In related news, CEO Robert Joseph Mcnally purchased 1,496 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was acquired at an average price of $19.10 per share, for a total transaction of $28,573.60. Following the purchase, the chief executive officer now owns 180,245 shares of the company’s stock, valued at $3,442,679.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Donald M. Jenkins purchased 5,750 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were bought at an average price of $19.46 per share, with a total value of $111,895.00. Following the purchase, the executive vice president now directly owns 44,871 shares in the company, valued at approximately $873,189.66. The disclosure for this purchase can be found here. Insiders have acquired a total of 38,670 shares of company stock valued at $740,668 in the last quarter. Company insiders own 0.68% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in EQT. Robeco Institutional Asset Management B.V. boosted its stake in shares of EQT by 46.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 50,590 shares of the oil and gas producer’s stock worth $2,237,000 after buying an additional 16,121 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of EQT by 53.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 20,204 shares of the oil and gas producer’s stock worth $894,000 after buying an additional 7,023 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of EQT by 1,201.8% in the 3rd quarter. SG Americas Securities LLC now owns 67,173 shares of the oil and gas producer’s stock worth $2,971,000 after buying an additional 62,013 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of EQT by 1.4% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 840,466 shares of the oil and gas producer’s stock worth $37,174,000 after buying an additional 11,854 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of EQT by 2.5% in the 3rd quarter. Toronto Dominion Bank now owns 171,745 shares of the oil and gas producer’s stock worth $7,595,000 after buying an additional 4,187 shares during the last quarter. Institutional investors and hedge funds own 96.49% of the company’s stock.

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About EQT (NYSE:EQT)

EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.

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