Cowen Inc. acquired a new stake in EQT Co. (NYSE:EQT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 18,200 shares of the oil and gas producer’s stock, valued at approximately $1,036,000.
Several other institutional investors and hedge funds also recently made changes to their positions in EQT. Rhumbline Advisers lifted its stake in EQT by 1.8% during the third quarter. Rhumbline Advisers now owns 335,485 shares of the oil and gas producer’s stock worth $21,887,000 after purchasing an additional 5,939 shares during the last quarter. SG Americas Securities LLC lifted its stake in EQT by 83.3% during the third quarter. SG Americas Securities LLC now owns 11,763 shares of the oil and gas producer’s stock worth $767,000 after purchasing an additional 5,347 shares during the last quarter. Zeke Capital Advisors LLC purchased a new stake in EQT during the third quarter worth approximately $212,000. Cramer Rosenthal Mcglynn LLC purchased a new stake in EQT during the third quarter worth approximately $19,261,000. Finally, Keeley Teton Advisors LLC lifted its stake in EQT by 16.0% during the third quarter. Keeley Teton Advisors LLC now owns 30,413 shares of the oil and gas producer’s stock worth $1,984,000 after purchasing an additional 4,196 shares during the last quarter. Institutional investors and hedge funds own 91.48% of the company’s stock.
Several equities research analysts recently weighed in on EQT shares. Citigroup restated a “buy” rating and set a $79.00 target price on shares of EQT in a research note on Monday, January 22nd. BMO Capital Markets restated a “buy” rating and set a $75.00 target price on shares of EQT in a research note on Tuesday, December 26th. Morgan Stanley restated an “equal weight” rating and set a $64.00 target price on shares of EQT in a research note on Thursday, December 14th. Jefferies Group set a $65.00 target price on EQT and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Finally, SunTrust Banks restated a “hold” rating and set a $65.00 target price on shares of EQT in a research note on Friday, December 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. EQT has a consensus rating of “Buy” and a consensus target price of $77.38.
EQT Co. (NYSE:EQT) opened at $50.45 on Friday. The company has a market capitalization of $13,342.66, a P/E ratio of 36.56, a price-to-earnings-growth ratio of 1.87 and a beta of 0.74. EQT Co. has a 12-month low of $43.70 and a 12-month high of $67.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.94 and a current ratio of 0.94.
EQT (NYSE:EQT) last released its quarterly earnings results on Thursday, February 15th. The oil and gas producer reported $0.76 EPS for the quarter, topping the consensus estimate of $0.22 by $0.54. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $909.42 million. EQT had a return on equity of 2.35% and a net margin of 44.66%. The firm’s revenue was up 197.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. equities analysts expect that EQT Co. will post 1.8 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Tuesday, February 13th. EQT’s dividend payout ratio (DPR) is 1.68%.
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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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