EQT Co. (NYSE:EQT)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $4.97, but opened at $5.13. EQT shares last traded at $5.28, with a volume of 8,270,666 shares trading hands.
EQT has been the subject of several recent analyst reports. Stifel Nicolaus cut their price target on EQT from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, January 27th. SunTrust Banks upgraded EQT from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, January 21st. Royal Bank of Canada raised EQT from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $16.00 to $17.00 in a report on Friday, November 8th. ValuEngine upgraded EQT from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, Tudor Pickering downgraded EQT from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $16.25.
The firm has a market cap of $1.31 billion, a PE ratio of -1.98 and a beta of 0.70. The business’s 50 day moving average price is $7.99 and its 200 day moving average price is $9.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03.
The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 14th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, February 13th. EQT’s dividend payout ratio is presently 7.06%.
A number of hedge funds have recently bought and sold shares of the stock. Quest Capital Management Inc. ADV acquired a new position in shares of EQT during the third quarter valued at approximately $51,000. Rational Advisors LLC boosted its stake in shares of EQT by 160.9% in the fourth quarter. Rational Advisors LLC now owns 6,567 shares of the oil and gas producer’s stock worth $72,000 after acquiring an additional 4,050 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of EQT in the third quarter worth approximately $108,000. Magnus Financial Group LLC purchased a new stake in shares of EQT during the fourth quarter worth approximately $112,000. Finally, Arden Trust Co purchased a new stake in shares of EQT during the fourth quarter worth approximately $116,000. Institutional investors own 94.88% of the company’s stock.
EQT Company Profile (NYSE:EQT)
EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.
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