EQT Co. (NYSE:EQT) CFO Robert Joseph Mcnally purchased 2,829 shares of the business’s stock in a transaction on Friday, November 2nd. The stock was purchased at an average cost of $32.93 per share, with a total value of $93,158.97. Following the acquisition, the chief financial officer now owns 47,715 shares in the company, valued at $1,571,254.95. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Robert Joseph Mcnally also recently made the following trade(s):
- On Wednesday, October 31st, Robert Joseph Mcnally purchased 15,800 shares of EQT stock. The stock was purchased at an average cost of $34.16 per share, with a total value of $539,728.00.
Shares of EQT traded up $2.71 during mid-day trading on Monday, reaching $35.34. The company had a trading volume of 330,271 shares, compared to its average volume of 4,616,519. EQT Co. has a twelve month low of $30.53 and a twelve month high of $66.03. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.30 billion, a PE ratio of 24.05, a PEG ratio of 0.93 and a beta of 0.91.
EQT (NYSE:EQT) last issued its earnings results on Thursday, October 25th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. EQT had a positive return on equity of 3.77% and a negative net margin of 6.86%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the firm posted $0.12 EPS. On average, sell-side analysts forecast that EQT Co. will post 2.35 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Friday, November 9th will be issued a $0.03 dividend. The ex-dividend date is Thursday, November 8th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.34%. EQT’s payout ratio is presently 8.16%.
Several institutional investors and hedge funds have recently modified their holdings of EQT. LPL Financial LLC increased its holdings in EQT by 179.5% during the 1st quarter. LPL Financial LLC now owns 27,891 shares of the oil and gas producer’s stock valued at $1,325,000 after purchasing an additional 17,911 shares in the last quarter. Principal Financial Group Inc. increased its holdings in EQT by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 377,039 shares of the oil and gas producer’s stock valued at $17,913,000 after purchasing an additional 4,754 shares in the last quarter. Suntrust Banks Inc. increased its holdings in EQT by 11.2% during the 1st quarter. Suntrust Banks Inc. now owns 15,935 shares of the oil and gas producer’s stock valued at $755,000 after purchasing an additional 1,599 shares in the last quarter. DnB Asset Management AS increased its holdings in EQT by 5.0% during the 2nd quarter. DnB Asset Management AS now owns 31,755 shares of the oil and gas producer’s stock valued at $1,752,000 after purchasing an additional 1,500 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its holdings in EQT by 64.8% during the 2nd quarter. IFM Investors Pty Ltd now owns 11,763 shares of the oil and gas producer’s stock valued at $649,000 after purchasing an additional 4,627 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.
EQT has been the subject of several recent research reports. Jefferies Financial Group set a $52.00 price target on EQT and gave the company a “hold” rating in a report on Tuesday, September 18th. Morgan Stanley cut their price target on EQT from $59.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, August 16th. Royal Bank of Canada set a $71.00 price target on EQT and gave the company a “buy” rating in a report on Thursday, September 20th. LADENBURG THALM/SH SH set a $70.00 price target on EQT and gave the company a “buy” rating in a report on Friday, August 17th. Finally, TheStreet raised EQT from a “d+” rating to a “c-” rating in a report on Monday, July 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $57.77.
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EQT Company Profile
EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.
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