EQT Co. (NYSE:EQT) SVP David Joseph Smith acquired 16,800 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was purchased at an average cost of $19.06 per share, with a total value of $320,208.00. Following the transaction, the senior vice president now owns 42,102 shares in the company, valued at $802,464.12. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
EQT traded down $0.32 during trading on Thursday, hitting $19.03. 3,088,735 shares of the company’s stock were exchanged, compared to its average volume of 4,877,884. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. EQT Co. has a fifty-two week low of $16.29 and a fifty-two week high of $71.74. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.38 and a beta of 0.76.
EQT (NYSE:EQT) last released its quarterly earnings data on Thursday, February 14th. The oil and gas producer reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.02). EQT had a positive return on equity of 4.46% and a negative net margin of 45.88%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s quarterly revenue was up 20.5% on a year-over-year basis. As a group, equities analysts forecast that EQT Co. will post 1.37 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.12 annualized dividend and a yield of 0.63%. EQT’s payout ratio is 7.06%.
A number of brokerages have recently commented on EQT. BMO Capital Markets reissued a “hold” rating and issued a $35.00 price objective on shares of EQT in a research report on Tuesday, November 13th. Royal Bank of Canada downgraded shares of EQT from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. Morgan Stanley lifted their target price on shares of EQT from $12.00 to $13.00 and gave the stock a “sell” rating in a report on Tuesday, November 20th. TheStreet downgraded shares of EQT from a “c-” rating to a “d+” rating in a report on Tuesday, November 20th. Finally, MKM Partners started coverage on shares of EQT in a report on Wednesday, December 5th. They set a “buy” rating and a $28.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $38.43.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clean Yield Group purchased a new stake in shares of EQT in the fourth quarter valued at about $34,000. Financial Architects Inc raised its holdings in shares of EQT by 55.1% in the fourth quarter. Financial Architects Inc now owns 2,131 shares of the oil and gas producer’s stock valued at $40,000 after purchasing an additional 757 shares during the last quarter. JOYN Advisors Inc. raised its holdings in shares of EQT by 282.1% in the fourth quarter. JOYN Advisors Inc. now owns 3,546 shares of the oil and gas producer’s stock valued at $67,000 after purchasing an additional 2,618 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of EQT by 287.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 4,184 shares of the oil and gas producer’s stock valued at $79,000 after purchasing an additional 3,103 shares during the last quarter. Finally, Cerebellum GP LLC raised its holdings in shares of EQT by 49.1% in the fourth quarter. Cerebellum GP LLC now owns 5,201 shares of the oil and gas producer’s stock valued at $98,000 after purchasing an additional 1,713 shares during the last quarter. Hedge funds and other institutional investors own 91.02% of the company’s stock.
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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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