EQT Co. (NYSE:EQT) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its holdings in EQT Co. (NYSE:EQT) by 64.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 447,726 shares of the oil and gas producer’s stock after selling 810,975 shares during the period. First Trust Advisors LP owned approximately 0.18% of EQT worth $5,789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its holdings in shares of EQT by 174.1% during the second quarter. Envestnet Asset Management Inc. now owns 29,086 shares of the oil and gas producer’s stock valued at $346,000 after acquiring an additional 18,476 shares during the period. SG Americas Securities LLC boosted its holdings in shares of EQT by 180.7% during the second quarter. SG Americas Securities LLC now owns 122,508 shares of the oil and gas producer’s stock valued at $1,458,000 after acquiring an additional 78,869 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of EQT by 27.4% during the second quarter. Assenagon Asset Management S.A. now owns 18,411 shares of the oil and gas producer’s stock valued at $219,000 after acquiring an additional 3,964 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of EQT by 11.4% during the second quarter. New York State Teachers Retirement System now owns 293,353 shares of the oil and gas producer’s stock valued at $3,491,000 after acquiring an additional 30,100 shares during the period. Finally, Strs Ohio boosted its holdings in shares of EQT by 503,933.3% during the second quarter. Strs Ohio now owns 60,484 shares of the oil and gas producer’s stock valued at $719,000 after acquiring an additional 60,472 shares during the period. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Several equities analysts have weighed in on EQT shares. Zacks Investment Research cut EQT from a “hold” rating to a “sell” rating and set a $17.00 target price on the stock. in a research note on Tuesday, August 4th. Citigroup assumed coverage on EQT in a research note on Friday, August 21st. They set a “buy” rating and a $21.00 target price on the stock. MKM Partners boosted their price target on EQT from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $16.00 price target on shares of EQT in a research note on Tuesday, July 28th. Finally, Wells Fargo & Company boosted their price target on EQT from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. EQT currently has an average rating of “Buy” and a consensus target price of $17.10.

Shares of EQT stock opened at $14.72 on Friday. The stock’s fifty day moving average is $14.70 and its 200-day moving average is $14.30. The stock has a market capitalization of $3.76 billion, a PE ratio of -1.70 and a beta of 1.47. EQT Co. has a 52 week low of $4.21 and a 52 week high of $17.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.73 and a current ratio of 0.73.

EQT (NYSE:EQT) last posted its quarterly earnings results on Thursday, October 22nd. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.07. The business had revenue of $172.13 million for the quarter, compared to analysts’ expectations of $834.85 million. EQT had a negative return on equity of 0.58% and a negative net margin of 78.35%. The firm’s quarterly revenue was down 81.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.06) earnings per share. As a group, analysts forecast that EQT Co. will post -0.32 earnings per share for the current fiscal year.

EQT Profile

EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2019, it had 17.5 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.3 million gross acres.

Featured Article: Does the Dogs of the Dow strategy work?

Want to see what other hedge funds are holding EQT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EQT Co. (NYSE:EQT).

Institutional Ownership by Quarter for EQT (NYSE:EQT)

Receive News & Ratings for EQT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.