EQT Corporation (NYSE:EQT) Director Thomas F. Karam purchased 10,000 shares of EQT Corporation stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average cost of $59.26 per share, with a total value of $592,600.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $1,185,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
EQT Corporation (NYSE EQT) traded down $0.27 during midday trading on Friday, hitting $59.03. The stock had a trading volume of 2,701,753 shares, compared to its average volume of 3,101,735. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. EQT Corporation has a 1 year low of $49.63 and a 1 year high of $75.74. The company has a market capitalization of $10,240.00, a P/E ratio of 69.65, a P/E/G ratio of 4.72 and a beta of 0.79.
EQT Corporation (NYSE:EQT) last released its earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.17. The firm had revenue of $660.30 million during the quarter, compared to analysts’ expectations of $667.05 million. EQT Corporation had a return on equity of 1.61% and a net margin of 1.39%. The firm’s revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.26) earnings per share. analysts forecast that EQT Corporation will post 0.86 EPS for the current fiscal year.
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Several research firms recently issued reports on EQT. BMO Capital Markets reissued a “buy” rating and issued a $75.00 price target on shares of EQT Corporation in a research report on Tuesday. TheStreet upgraded EQT Corporation from a “d+” rating to a “c-” rating in a research note on Monday, August 14th. Seaport Global Securities upgraded EQT Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $57.00 to $79.00 in a research note on Tuesday, September 26th. BidaskClub cut EQT Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Cowen and Company reiterated a “buy” rating and set a $80.00 target price on shares of EQT Corporation in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.09.
Hedge funds have recently modified their holdings of the stock. Neuberger Berman Group LLC lifted its stake in shares of EQT Corporation by 13.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,328,251 shares of the oil and gas producer’s stock worth $136,412,000 after acquiring an additional 270,054 shares during the last quarter. Whittier Trust Co. raised its position in shares of EQT Corporation by 3.6% in the 2nd quarter. Whittier Trust Co. now owns 171,209 shares of the oil and gas producer’s stock worth $10,031,000 after acquiring an additional 5,872 shares in the last quarter. Mitchell Group Inc. grew its stake in EQT Corporation by 11.1% during the 2nd quarter. Mitchell Group Inc. now owns 555,569 shares of the oil and gas producer’s stock worth $32,551,000 after buying an additional 55,330 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in EQT Corporation during the 2nd quarter valued at about $2,466,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in EQT Corporation during the 2nd quarter valued at about $4,142,000. 99.59% of the stock is owned by hedge funds and other institutional investors.
About EQT Corporation
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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