EQT Corporation (NYSE:EQT) Chairman David L. Porges sold 53,760 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $59.14, for a total value of $3,179,366.40. Following the transaction, the chairman now owns 438,601 shares of the company’s stock, valued at $25,938,863.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
EQT Corporation (EQT) opened at $59.33 on Tuesday. EQT Corporation has a 52 week low of $49.63 and a 52 week high of $75.74. The firm has a market capitalization of $10,230.00, a PE ratio of 67.85, a P/E/G ratio of 4.49 and a beta of 0.79. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29.
EQT Corporation (NYSE:EQT) last announced its earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.17. EQT Corporation had a return on equity of 1.61% and a net margin of 1.39%. The business had revenue of $660.30 million during the quarter, compared to analysts’ expectations of $667.05 million. During the same quarter last year, the business posted ($0.26) earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. equities analysts forecast that EQT Corporation will post 0.88 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. Neuberger Berman Group LLC boosted its stake in EQT Corporation by 13.1% during the second quarter. Neuberger Berman Group LLC now owns 2,328,251 shares of the oil and gas producer’s stock valued at $136,412,000 after buying an additional 270,054 shares in the last quarter. Mitchell Group Inc. boosted its stake in EQT Corporation by 11.1% during the second quarter. Mitchell Group Inc. now owns 555,569 shares of the oil and gas producer’s stock valued at $32,551,000 after buying an additional 55,330 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in EQT Corporation during the second quarter valued at about $2,466,000. C M Bidwell & Associates Ltd. bought a new position in EQT Corporation during the second quarter valued at about $4,142,000. Finally, Rhumbline Advisers boosted its stake in EQT Corporation by 1.8% during the third quarter. Rhumbline Advisers now owns 335,485 shares of the oil and gas producer’s stock valued at $21,887,000 after buying an additional 5,939 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the company. KLR Group reissued a “buy” rating and set a $102.00 price target (up from $101.00) on shares of EQT Corporation in a research report on Sunday, July 30th. Royal Bank Of Canada set a $79.00 price target on EQT Corporation and gave the company a “hold” rating in a research report on Friday, July 28th. BMO Capital Markets set a $70.00 price target on EQT Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Stifel Nicolaus reissued a “buy” rating and set a $87.00 price target on shares of EQT Corporation in a research report on Thursday, September 14th. Finally, Seaport Global Securities raised EQT Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $57.00 to $79.00 in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $78.09.
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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