EQT Co. (NYSE:EQT) General Counsel Jonathan M. Lushko purchased 7,903 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were acquired at an average price of $19.04 per share, with a total value of $150,473.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE EQT opened at $19.31 on Friday. EQT Co. has a 52-week low of $16.29 and a 52-week high of $71.74. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The firm has a market cap of $4.85 billion, a PE ratio of 11.36, a P/E/G ratio of 1.41 and a beta of 0.76.
EQT (NYSE:EQT) last posted its quarterly earnings data 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). EQT had a positive return on equity of 4.46% and a negative net margin of 45.88%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The business’s revenue was up 20.5% on a year-over-year basis. On average, equities analysts expect that EQT Co. will post 1.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Thursday, February 14th. EQT’s dividend payout ratio is currently 7.06%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc lifted its holdings in shares of EQT by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 28,073,288 shares of the oil and gas producer’s stock worth $1,241,682,000 after acquiring an additional 687,779 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of EQT by 30.4% during the 4th quarter. BlackRock Inc. now owns 23,893,102 shares of the oil and gas producer’s stock worth $451,340,000 after acquiring an additional 5,573,274 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of EQT by 25.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 11,470,216 shares of the oil and gas producer’s stock worth $216,672,000 after acquiring an additional 2,358,301 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of EQT by 1,770.8% during the 4th quarter. Millennium Management LLC now owns 6,387,529 shares of the oil and gas producer’s stock worth $120,660,000 after acquiring an additional 6,046,100 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of EQT by 20.3% during the 3rd quarter. American Century Companies Inc. now owns 5,932,268 shares of the oil and gas producer’s stock worth $262,384,000 after acquiring an additional 1,002,794 shares during the last quarter. 91.02% of the stock is owned by institutional investors.
A number of analysts have weighed in on the company. BMO Capital Markets downgraded EQT from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $55.00 to $40.00 in a report on Friday, October 26th. Zacks Investment Research reiterated a “buy” rating and set a $35.00 price target on shares of EQT in a report on Tuesday, November 13th. Credit Suisse Group set a $48.00 price target on EQT and gave the stock a “buy” rating in a report on Friday, October 26th. Jefferies Financial Group set a $39.00 price target on EQT and gave the stock a “hold” rating in a report on Sunday, October 28th. Finally, Royal Bank of Canada set a $53.00 price target on EQT and gave the stock a “buy” rating in a report on Saturday, October 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $38.43.
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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.
Further Reading: Capital Gains
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