EQT Corp. (EQT) Director Buys C$22,730.06 in Stock
EQT Corp. (NYSE:EQT) Director A. Bray Jr. Cary acquired 313 shares of EQT Corp. stock in a transaction on Monday, October 3rd. The shares were purchased at an average cost of C$72.62 per share, with a total value of C$22,730.06. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of EQT Corp. (NYSE:EQT) opened at 72.86 on Friday. The firm’s market capitalization is $12.59 billion. The stock’s 50 day moving average price is $72.06 and its 200 day moving average price is $71.67. EQT Corp. has a 12-month low of $47.10 and a 12-month high of $80.61.
EQT Corp. (NYSE:EQT) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.06. The firm had revenue of $127.53 million for the quarter, compared to the consensus estimate of $461.53 million. EQT Corp. had a negative return on equity of 1.27% and a negative net margin of 18.74%. The company’s revenue for the quarter was down 71.0% on a year-over-year basis. During the same period last year, the business posted ($0.06) EPS. Equities research analysts expect that EQT Corp. will post ($0.64) earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in EQT. Fisher Asset Management LLC boosted its position in shares of EQT Corp. by 0.3% in the second quarter. Fisher Asset Management LLC now owns 3,258 shares of the company’s stock worth $251,000 after buying an additional 10 shares in the last quarter. First Manhattan Co. boosted its position in shares of EQT Corp. by 0.6% in the second quarter. First Manhattan Co. now owns 6,490 shares of the company’s stock worth $502,000 after buying an additional 40 shares in the last quarter. IFP Advisors Inc boosted its position in shares of EQT Corp. by 2.1% in the first quarter. IFP Advisors Inc now owns 2,860 shares of the company’s stock worth $192,000 after buying an additional 60 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of EQT Corp. by 1.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 7,493 shares of the company’s stock worth $504,000 after buying an additional 75 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in shares of EQT Corp. by 2.8% in the second quarter. Wetherby Asset Management Inc. now owns 3,092 shares of the company’s stock worth $240,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 87.73% of the company’s stock.
EQT has been the subject of a number of analyst reports. Stifel Nicolaus raised shares of EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Friday, August 26th. GMP Securities started coverage on shares of EQT Corp. in a research note on Wednesday, September 28th. They set a “buy” rating and a $92.00 price objective for the company. Jefferies Group increased their price target on shares of EQT Corp. from $74.00 to $77.00 and gave the stock a “hold” rating in a research report on Friday, July 29th. Zacks Investment Research raised shares of EQT Corp. from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Tuesday, July 5th. Finally, Deutsche Bank AG lowered shares of EQT Corp. from a “buy” rating to a “hold” rating and reduced their price target for the stock from $81.00 to $79.00 in a research report on Monday, June 13th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$78.78.
About EQT Corp.
EQT Corporation (EQT) is an energy company. The Company operates through two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play.
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