Investors Sell EQT Corporation (EQT) on Strength (EQT)
Traders sold shares of EQT Corporation (NYSE:EQT) on strength during trading on Tuesday. $27.93 million flowed into the stock on the tick-up and $64.66 million flowed out of the stock on the tick-down, for a money net flow of $36.73 million out of the stock. Of all stocks tracked, EQT Corporation had the 10th highest net out-flow for the day. EQT Corporation traded up $0.08 for the day and closed at $62.69
Several equities analysts have weighed in on EQT shares. Jefferies Group LLC set a $64.00 price objective on EQT Corporation and gave the company a “hold” rating in a report on Wednesday, May 17th. Royal Bank Of Canada reissued a “buy” rating and set a $86.00 price objective on shares of EQT Corporation in a report on Friday, June 2nd. ValuEngine lowered EQT Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. BidaskClub raised EQT Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. Finally, Scotiabank reissued a “neutral” rating on shares of EQT Corporation in a report on Monday, June 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $80.17.
The stock has a 50 day moving average of $62.32 and a 200-day moving average of $59.60. The company has a market cap of $10.87 billion, a PE ratio of 2238.93 and a beta of 0.79.
EQT Corporation (NYSE:EQT) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. The firm had revenue of $631.10 million during the quarter, compared to the consensus estimate of $642.21 million. During the same quarter in the previous year, the firm posted ($0.35) EPS. The company’s revenue for the quarter was up 720.1% compared to the same quarter last year. Analysts forecast that EQT Corporation will post $0.99 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date was Wednesday, August 9th. EQT Corporation’s payout ratio is 400.13%.
In other EQT Corporation news, insider Robert Joseph Mcnally acquired 1,500 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was purchased at an average price of $50.00 per share, with a total value of $75,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Steven T. Schlotterbeck acquired 2,000 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were acquired at an average cost of $52.14 per share, with a total value of $104,280.00. Following the transaction, the chief executive officer now owns 115,178 shares in the company, valued at $6,005,380.92. The disclosure for this purchase can be found here. In the last three months, insiders have bought 41,901 shares of company stock valued at $2,211,775. Insiders own 1.00% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of EQT Corporation by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 17,207,739 shares of the oil and gas producer’s stock valued at $1,051,393,000 after acquiring an additional 522,164 shares during the period. BlackRock Inc. lifted its stake in shares of EQT Corporation by 3,346.4% during the 1st quarter. BlackRock Inc. now owns 13,626,409 shares of the oil and gas producer’s stock valued at $832,575,000 after buying an additional 13,231,032 shares in the last quarter. State Street Corp lifted its stake in shares of EQT Corporation by 13.6% during the 1st quarter. State Street Corp now owns 10,635,812 shares of the oil and gas producer’s stock valued at $649,846,000 after buying an additional 1,270,294 shares in the last quarter. OZ Management LP purchased a new position in shares of EQT Corporation during the 1st quarter valued at $281,711,000. Finally, Aristotle Capital Management LLC lifted its stake in shares of EQT Corporation by 8.9% during the 1st quarter. Aristotle Capital Management LLC now owns 3,379,750 shares of the oil and gas producer’s stock valued at $206,502,000 after buying an additional 276,368 shares in the last quarter. 90.55% of the stock is owned by hedge funds and other institutional investors.
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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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