EQT Target of Unusually High Options Trading (EQT)
EQT Co. (NYSE:EQT) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 20,629 call options on the stock. This represents an increase of approximately 3,276% compared to the average volume of 611 call options.
Several research analysts have recently issued reports on EQT shares. Royal Bank of Canada set a $74.00 target price on shares of EQT and gave the stock a “buy” rating in a report on Thursday, July 19th. JPMorgan Chase & Co. set a $70.00 target price on shares of EQT and gave the stock a “buy” rating in a report on Wednesday, June 13th. Stifel Nicolaus started coverage on shares of EQT in a report on Wednesday, May 23rd. They issued a “buy” rating and a $65.00 target price on the stock. LADENBURG THALM/SH SH set a $70.00 target price on shares of EQT and gave the stock a “buy” rating in a report on Friday, August 17th. Finally, TheStreet upgraded shares of EQT from a “d+” rating to a “c-” rating in a report on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $69.57.
Shares of EQT stock opened at $47.79 on Friday. EQT has a 12 month low of $43.70 and a 12 month high of $66.03. The firm has a market cap of $12.45 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.40 and a beta of 0.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47.
The business also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Stockholders of record on Friday, August 10th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Thursday, August 9th. EQT’s dividend payout ratio is presently 8.16%.
In other news, Director Kenneth Michael Burke bought 5,000 shares of the business’s stock in a transaction dated Thursday, August 9th. The shares were purchased at an average price of $50.20 per share, for a total transaction of $251,000.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $251,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.68% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of EQT. Iridian Asset Management LLC CT purchased a new position in shares of EQT in the 2nd quarter worth about $195,704,000. Sound Shore Management Inc. CT purchased a new position in EQT in the 2nd quarter worth about $177,755,000. Canyon Capital Advisors LLC raised its position in EQT by 115.1% in the 1st quarter. Canyon Capital Advisors LLC now owns 5,031,000 shares of the oil and gas producer’s stock worth $239,023,000 after buying an additional 2,691,650 shares during the last quarter. Scopia Capital Management LP purchased a new position in EQT in the 2nd quarter worth about $102,772,000. Finally, Nomura Holdings Inc. raised its position in EQT by 182,853.9% in the 2nd quarter. Nomura Holdings Inc. now owns 1,535,133 shares of the oil and gas producer’s stock worth $84,708,000 after buying an additional 1,535,973 shares during the last quarter. 92.46% of the stock is owned by hedge funds and other institutional investors.
EQT Company Profile
EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.
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