Qube Research & Technologies Ltd Invests $283,000 in EQT Co. (EQT)
Qube Research & Technologies Ltd purchased a new stake in shares of EQT Co. (NYSE:EQT) during the 2nd quarter, Holdings Channel reports. The fund purchased 5,130 shares of the oil and gas producer’s stock, valued at approximately $283,000.
Several other institutional investors also recently made changes to their positions in EQT. Piedmont Investment Advisors LLC bought a new stake in shares of EQT during the 2nd quarter valued at approximately $163,000. Mount Yale Investment Advisors LLC bought a new stake in shares of EQT during the 1st quarter valued at approximately $191,000. Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of EQT during the 2nd quarter valued at approximately $207,000. Dupont Capital Management Corp grew its holdings in shares of EQT by 48.7% during the 2nd quarter. Dupont Capital Management Corp now owns 3,876 shares of the oil and gas producer’s stock valued at $214,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of EQT during the 2nd quarter valued at approximately $222,000. 92.46% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the stock. TheStreet raised shares of EQT from a “d+” rating to a “c-” rating in a report on Monday, July 23rd. Morgan Stanley lifted their target price on shares of EQT from $58.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 24th. ValuEngine downgraded shares of EQT from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. JPMorgan Chase & Co. set a $70.00 target price on shares of EQT and gave the stock a “buy” rating in a research report on Wednesday, June 13th. Finally, Royal Bank of Canada set a $74.00 target price on shares of EQT and gave the stock a “buy” rating in a research report on Thursday, July 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $69.57.
NYSE:EQT opened at $47.55 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 0.76. EQT Co. has a one year low of $43.70 and a one year high of $66.03. The company has a market cap of $12.45 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 1.40 and a beta of 0.60.
EQT (NYSE:EQT) last issued its quarterly earnings results on Thursday, July 26th. The oil and gas producer reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.13 billion. EQT had a negative net margin of 6.19% and a positive return on equity of 3.73%. The company’s revenue for the quarter was up 53.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 EPS. analysts expect that EQT Co. will post 2.25 earnings per share for the current fiscal year.
The company 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. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.25%. EQT’s dividend payout ratio (DPR) is currently 8.16%.
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.
Further Reading: Hedge Funds – Risk or Reward?
Want to see what other hedge funds are holding EQT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EQT Co. (NYSE:EQT).
Receive News & Ratings for EQT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.