EQT (NYSE:EQT) Sees Strong Trading Volume

EQT Co. (NYSE:EQT) saw unusually-strong trading volume on Thursday . Approximately 5,768,040 shares changed hands during mid-day trading, a decline of 9% from the previous session’s volume of 6,370,836 shares.The stock last traded at $41.19 and had previously closed at $41.21.

Analyst Ratings Changes

Several equities research analysts recently issued reports on EQT shares. Scotiabank raised their target price on shares of EQT from $52.00 to $54.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $37.00 target price (down from $39.00) on shares of EQT in a research report on Wednesday, March 20th. Truist Financial dropped their price target on EQT from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Stephens lifted their price objective on EQT from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Finally, The Goldman Sachs Group dropped their target price on shares of EQT from $48.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $44.94.

EQT Trading Down 3.4 %

The firm has a market cap of $17.58 billion, a P/E ratio of 29.50 and a beta of 1.09. The firm has a fifty day moving average of $37.87 and a 200-day moving average of $37.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.58 billion. EQT had a net margin of 10.96% and a return on equity of 4.57%. The company’s quarterly revenue was down 28.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.70 earnings per share. Equities research analysts forecast that EQT Co. will post 1.03 earnings per share for the current year.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 8th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, May 7th. EQT’s dividend payout ratio (DPR) is 45.65%.

Institutional Trading of EQT

Several hedge funds have recently added to or reduced their stakes in EQT. Allworth Financial LP raised its stake in shares of EQT by 26.9% during the third quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock valued at $54,000 after purchasing an additional 282 shares in the last quarter. Huntington National Bank increased its stake in shares of EQT by 20.0% during the third quarter. Huntington National Bank now owns 1,792 shares of the oil and gas producer’s stock valued at $73,000 after acquiring an additional 299 shares during the period. UniSuper Management Pty Ltd raised its holdings in EQT by 13.0% during the third quarter. UniSuper Management Pty Ltd now owns 2,600 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 300 shares in the last quarter. Park Avenue Securities LLC boosted its stake in EQT by 3.8% during the 1st quarter. Park Avenue Securities LLC now owns 8,153 shares of the oil and gas producer’s stock valued at $302,000 after purchasing an additional 300 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its position in shares of EQT by 2.1% during the 4th quarter. Perigon Wealth Management LLC now owns 14,471 shares of the oil and gas producer’s stock valued at $559,000 after purchasing an additional 303 shares during the period. Institutional investors own 90.81% of the company’s stock.

EQT Company Profile

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.