EQT Corporation (NYSE:EQT – Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors acquired 57,425 put options on the stock. This is an increase of approximately 259% compared to the typical volume of 15,977 put options.
EQT Stock Up 0.3%
Shares of EQT stock opened at $49.38 on Friday. EQT has a 1 year low of $47.94 and a 1 year high of $68.24. The firm has a market cap of $30.89 billion, a price-to-earnings ratio of 9.37 and a beta of 0.55. The company has a 50-day moving average of $53.42 and a 200 day moving average of $56.60. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.66 and a quick ratio of 0.66.
EQT (NYSE:EQT – Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.14 billion. EQT had a net margin of 31.94% and a return on equity of 9.74%. During the same quarter in the previous year, the firm posted $1.18 earnings per share. As a group, sell-side analysts anticipate that EQT will post 4.26 earnings per share for the current fiscal year.
EQT Announces Dividend
Insiders Place Their Bets
In other news, Director Vicky A. Bailey sold 4,116 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $59.80, for a total transaction of $246,136.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Toby Z. Rice sold 1,731 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $53.46, for a total transaction of $92,539.26. Following the sale, the chief executive officer owned 2,333,193 shares of the company’s stock, valued at approximately $124,732,497.78. This represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 102,830 shares of company stock worth $5,602,913. Insiders own 0.72% of the company’s stock.
Institutional Trading of EQT
Several hedge funds and other institutional investors have recently made changes to their positions in EQT. Parallel Advisors LLC raised its stake in EQT by 1.0% during the fourth quarter. Parallel Advisors LLC now owns 19,075 shares of the oil and gas producer’s stock valued at $1,022,000 after buying an additional 198 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of EQT by 35.4% in the first quarter. Root Financial Partners LLC now owns 773 shares of the oil and gas producer’s stock worth $49,000 after acquiring an additional 202 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of EQT by 0.5% in the fourth quarter. Rothschild Investment LLC now owns 46,582 shares of the oil and gas producer’s stock worth $2,497,000 after acquiring an additional 215 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of EQT by 4.0% during the first quarter. EverSource Wealth Advisors LLC now owns 6,154 shares of the oil and gas producer’s stock valued at $392,000 after acquiring an additional 236 shares in the last quarter. Finally, Fortitude Family Office LLC increased its holdings in shares of EQT by 95.6% during the fourth quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on EQT shares. Roth Capital reaffirmed a “neutral” rating on shares of EQT in a research report on Tuesday, April 14th. Stephens cut their price objective on EQT from $72.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday. The Goldman Sachs Group reduced their target price on EQT from $65.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Freedom Capital upgraded EQT to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Jefferies Financial Group dropped their price target on EQT from $77.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, EQT currently has a consensus rating of “Moderate Buy” and an average target price of $68.12.
Get Our Latest Stock Report on EQT
EQT Company Profile
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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