Insider Selling: EQT (NYSE:EQT) EVP Sells 3,768 Shares of Stock

EQT Corporation (NYSE:EQT) EVP Sarah Fenton sold 3,768 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $60.37, for a total value of $227,474.16. Following the sale, the executive vice president directly owned 52,806 shares in the company, valued at approximately $3,187,898.22. This represents a 6.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

EQT Stock Down 1.2%

NYSE EQT traded down $0.68 during trading hours on Tuesday, reaching $58.35. 8,452,042 shares of the company’s stock were exchanged, compared to its average volume of 11,030,093. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $36.43 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 0.47 and a beta of 0.74. The company’s 50-day moving average is $54.76 and its two-hundred day moving average is $54.64. EQT Corporation has a one year low of $43.57 and a one year high of $62.23.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.14. EQT had a net margin of 23.59% and a return on equity of 7.25%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the company earned $0.69 earnings per share. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, analysts forecast that EQT Corporation will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, February 17th. EQT’s dividend payout ratio is 19.94%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Stephens increased their price objective on EQT from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Jefferies Financial Group reaffirmed a “buy” rating on shares of EQT in a research note on Sunday, January 18th. Roth Mkm reiterated a “neutral” rating on shares of EQT in a report on Wednesday, February 18th. TD Securities upgraded shares of EQT to a “strong-buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. raised their target price on shares of EQT from $58.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.55.

Hedge Funds Weigh In On EQT

A number of institutional investors have recently bought and sold shares of the business. Greykasell Wealth Strategies Inc. bought a new position in shares of EQT during the 4th quarter worth approximately $26,000. Aventura Private Wealth LLC acquired a new stake in EQT during the 4th quarter valued at $31,000. Fortitude Family Office LLC boosted its position in EQT by 95.6% during the fourth quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 280 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of EQT in the second quarter valued at about $41,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of EQT during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

About EQT

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.