Investors Buy Shares of EQT (EQT) on Weakness

Investors purchased shares of EQT Corporation (NYSE:EQT) on weakness during trading on Friday. $50.88 million flowed into the stock on the tick-up and $23.22 million flowed out of the stock on the tick-down, for a money net flow of $27.66 million into the stock. Of all equities tracked, EQT had the 32nd highest net in-flow for the day. EQT traded down ($0.24) for the day and closed at $58.46

A number of equities research analysts have recently issued reports on EQT shares. Jefferies Group reissued a “hold” rating and issued a $66.00 target price on shares of EQT in a research report on Tuesday, October 10th. ValuEngine cut shares of EQT from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. JPMorgan Chase & Co. boosted their target price on shares of EQT from $75.00 to $81.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. BMO Capital Markets reissued a “buy” rating and issued a $75.00 target price on shares of EQT in a research report on Tuesday, November 14th. Finally, Royal Bank of Canada set a $79.00 target price on shares of EQT and gave the company a “hold” rating in a research report on Saturday, October 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $76.75.

The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $10,162.22, a P/E ratio of 67.20, a P/E/G ratio of 2.62 and a beta of 0.76.

EQT (NYSE:EQT) last released its quarterly earnings data on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.17. EQT had a return on equity of 1.61% and a net margin of 1.39%. The company had revenue of $660.30 million during the quarter, compared to the consensus estimate of $667.05 million. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. The firm’s revenue was up 18.6% compared to the same quarter last year. research analysts anticipate that EQT Corporation will post 0.86 EPS for the current year.

In other news, Director Thomas F. Karam acquired 10,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was bought at an average price of $59.26 per share, with a total value of $592,600.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,185,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David L. Porges sold 53,760 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $59.14, for a total value of $3,179,366.40. Following the completion of the transaction, the chairman now directly owns 438,601 shares of the company’s stock, valued at approximately $25,938,863.14. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Exxonmobil Investment Management Inc. TX increased its stake in shares of EQT by 23.0% in the fourth quarter. Exxonmobil Investment Management Inc. TX now owns 38,929 shares of the oil and gas producer’s stock valued at $2,216,000 after buying an additional 7,279 shares during the period. Keeley Teton Advisors LLC increased its stake in shares of EQT by 16.0% in the third quarter. Keeley Teton Advisors LLC now owns 30,413 shares of the oil and gas producer’s stock valued at $1,984,000 after buying an additional 4,196 shares during the period. Cramer Rosenthal Mcglynn LLC acquired a new position in shares of EQT in the third quarter valued at approximately $19,261,000. Zeke Capital Advisors LLC acquired a new position in shares of EQT in the third quarter valued at approximately $212,000. Finally, SG Americas Securities LLC increased its position in EQT by 83.3% during the 3rd quarter. SG Americas Securities LLC now owns 11,763 shares of the oil and gas producer’s stock valued at $767,000 after purchasing an additional 5,347 shares during the period. 90.54% of the stock is owned by institutional investors.

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EQT Company Profile

EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.

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