EQT Corporation (NYSE:EQT) Short Interest Down 15.5% in January

EQT Corporation (NYSE:EQT) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 22,156,524 shares, a decrease of 15.5% from the January 15th total of 26,231,103 shares. Based on an average trading volume of 13,820,896 shares, the short-interest ratio is currently 1.6 days. Currently, 3.6% of the company’s shares are sold short. Currently, 3.6% of the company’s shares are sold short. Based on an average trading volume of 13,820,896 shares, the short-interest ratio is currently 1.6 days.

EQT Stock Performance

Shares of NYSE EQT opened at $58.72 on Monday. EQT has a 1 year low of $43.57 and a 1 year high of $62.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market cap of $36.64 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 0.47 and a beta of 0.74. The firm has a fifty day moving average price of $54.50 and a 200-day moving average price of $54.35.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.66 dividend on an annualized basis and a yield of 1.1%. EQT’s dividend payout ratio is 22.60%.

Hedge Funds Weigh In On EQT

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. increased its holdings in shares of EQT by 8,000.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 153,431 shares of the oil and gas producer’s stock worth $8,351,000 after buying an additional 151,537 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in EQT by 116.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 534,485 shares of the oil and gas producer’s stock valued at $29,092,000 after acquiring an additional 287,538 shares in the last quarter. First American Bank purchased a new stake in EQT during the 3rd quarter worth $1,915,000. Whittier Trust Co. grew its stake in EQT by 2.6% during the 2nd quarter. Whittier Trust Co. now owns 302,900 shares of the oil and gas producer’s stock valued at $17,662,000 after purchasing an additional 7,647 shares in the last quarter. Finally, Adams Natural Resources Fund Inc. raised its holdings in EQT by 97.1% in the third quarter. Adams Natural Resources Fund Inc. now owns 220,500 shares of the oil and gas producer’s stock valued at $12,002,000 after acquiring an additional 108,600 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EQT has been the topic of a number of analyst reports. Capital One Financial lifted their price objective on shares of EQT from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Siebert Williams Shank boosted their price objective on EQT from $59.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Piper Sandler raised their price target on shares of EQT from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. JPMorgan Chase & Co. cut their target price on EQT from $64.00 to $58.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Finally, Sanford C. Bernstein lifted their price target on EQT from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Nineteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, EQT presently has a consensus rating of “Moderate Buy” and an average target price of $64.27.

About EQT

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.