David Joseph Smith Acquires 10,000 Shares of EQT Co. (EQT) Stock
EQT Co. (NYSE:EQT) SVP David Joseph Smith bought 10,000 shares of EQT stock in a transaction dated Friday, November 16th. The stock was acquired at an average price of $16.33 per share, with a total value of $163,300.00. Following the acquisition, the senior vice president now directly owns 9,190 shares of the company’s stock, valued at $150,072.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE:EQT opened at $16.71 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.48. EQT Co. has a 1 year low of $16.29 and a 1 year high of $60.35. The firm has a market cap of $4.35 billion, a P/E ratio of 6.68, a PEG ratio of 0.49 and a beta of 0.91.
EQT (NYSE:EQT) last announced its quarterly earnings data on Thursday, October 25th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. EQT had a positive return on equity of 3.77% and a negative net margin of 6.86%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.12 earnings per share. Analysts anticipate that EQT Co. will post 2.3 earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in EQT by 2.0% during the third quarter. BlackRock Inc. now owns 18,319,828 shares of the oil and gas producer’s stock valued at $810,284,000 after buying an additional 354,503 shares in the last quarter. Boston Partners raised its holdings in EQT by 6.8% during the second quarter. Boston Partners now owns 12,929,303 shares of the oil and gas producer’s stock valued at $713,439,000 after buying an additional 825,730 shares in the last quarter. American Century Companies Inc. raised its holdings in EQT by 20.3% during the third quarter. American Century Companies Inc. now owns 5,932,268 shares of the oil and gas producer’s stock valued at $262,384,000 after buying an additional 1,002,794 shares in the last quarter. Canyon Capital Advisors LLC raised its holdings in EQT by 9.7% during the third quarter. Canyon Capital Advisors LLC now owns 5,888,910 shares of the oil and gas producer’s stock valued at $260,466,000 after buying an additional 521,200 shares in the last quarter. Finally, Sound Shore Management Inc. CT raised its holdings in EQT by 26.4% during the third quarter. Sound Shore Management Inc. CT now owns 4,070,449 shares of the oil and gas producer’s stock valued at $180,036,000 after buying an additional 849,087 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.
EQT has been the subject of a number of research analyst reports. Morgan Stanley reduced their target price on EQT from $54.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, September 26th. Jefferies Financial Group set a $39.00 target price on EQT and gave the company a “hold” rating in a report on Sunday, October 28th. Royal Bank of Canada set a $53.00 target price on EQT and gave the company a “buy” rating in a report on Saturday, October 27th. Zacks Investment Research restated a “buy” rating and issued a $35.00 target price on shares of EQT in a report on Tuesday, November 13th. Finally, Credit Suisse Group reduced their target price on EQT from $48.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, November 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.79.
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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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