EQT (NYSE:EQT) CEO Toby Rice Sells 1,731 Shares

EQT Corporation (NYSE:EQTGet Free Report) CEO Toby Rice sold 1,731 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $53.46, for a total value of $92,539.26. Following the completion of the sale, the chief executive officer directly owned 2,333,193 shares in the company, valued at $124,732,497.78. This trade represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

EQT Trading Down 0.6%

EQT stock opened at $52.69 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19. The business’s fifty day simple moving average is $57.64 and its two-hundred day simple moving average is $57.65. EQT Corporation has a 12 month low of $48.47 and a 12 month high of $68.24. The company has a market capitalization of $32.95 billion, a price-to-earnings ratio of 10.00 and a beta of 0.55.

EQT (NYSE:EQTGet Free Report) last released its earnings results on Tuesday, April 21st. The oil and gas producer reported $2.33 EPS for the quarter, topping the consensus estimate of $2.01 by $0.32. EQT had a return on equity of 9.74% and a net margin of 31.94%.The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the company posted $1.18 earnings per share. As a group, equities analysts predict that EQT Corporation will post 4.7 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 6th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, May 6th. EQT’s payout ratio is 12.52%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in EQT by 4.7% in the first quarter. Parallel Advisors LLC now owns 19,965 shares of the oil and gas producer’s stock valued at $1,271,000 after acquiring an additional 890 shares during the period. Glenmede Trust Co. NA lifted its holdings in EQT by 112.2% in the first quarter. Glenmede Trust Co. NA now owns 40,189 shares of the oil and gas producer’s stock valued at $2,558,000 after acquiring an additional 21,249 shares during the period. Montchanin Asset Management LLC bought a new position in EQT in the first quarter valued at about $260,000. Arkadios Wealth Advisors bought a new position in EQT in the first quarter valued at about $220,000. Finally, Adalta Capital Management LLC lifted its holdings in EQT by 26.9% in the first quarter. Adalta Capital Management LLC now owns 17,670 shares of the oil and gas producer’s stock valued at $1,125,000 after acquiring an additional 3,750 shares during the period. Institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. UBS Group dropped their target price on EQT from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Citigroup boosted their price target on EQT from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Wells Fargo & Company boosted their price target on EQT from $70.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group decreased their price target on EQT from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Finally, Morgan Stanley boosted their price target on EQT from $69.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.83.

Get Our Latest Stock Report on EQT

EQT Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for EQT (NYSE:EQT)

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