EQT Corp. (NYSE:EQT) Director A. Bray Jr. Cary purchased 313 shares of EQT Corp. stock in a transaction that occurred on Monday, October 3rd. The shares were acquired at an average price of C$72.62 per share, for a total transaction of C$22,730.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
EQT Corp. (NYSE:EQT) traded up 0.61% during midday trading on Wednesday, hitting $72.87. The stock had a trading volume of 1,274,749 shares. The firm’s market capitalization is $12.59 billion. EQT Corp. has a 52-week low of $47.10 and a 52-week high of $80.61. The firm has a 50-day moving average of $71.85 and a 200 day moving average of $71.65.
EQT Corp. (NYSE:EQT) last released its earnings results on Thursday, July 28th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.06. The business earned $127.53 million during the quarter, compared to analysts’ expectations of $461.53 million. EQT Corp. had a negative net margin of 18.74% and a negative return on equity of 1.27%. The company’s quarterly revenue was down 71.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.06) earnings per share. On average, equities analysts forecast that EQT Corp. will post ($0.62) EPS for the current year.
Several analysts have weighed in on EQT shares. Stifel Nicolaus raised EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Friday, August 26th. GMP Securities started coverage on EQT Corp. in a research report on Wednesday, September 28th. They set a “buy” rating and a $92.00 price objective on the stock. Jefferies Group lifted their price objective on EQT Corp. from $74.00 to $77.00 and gave the company a “hold” rating in a research report on Friday, July 29th. Zacks Investment Research raised EQT Corp. from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Tuesday, July 5th. Finally, Deutsche Bank AG cut EQT Corp. from a “buy” rating to a “hold” rating and cut their price objective for the company from $81.00 to $79.00 in a research report on Monday, June 13th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$78.78.
Hedge funds have recently added to or reduced their stakes in the company. Boston Partners raised its position in EQT Corp. by 89.9% in the second quarter. Boston Partners now owns 6,902,638 shares of the company’s stock worth $534,471,000 after buying an additional 3,268,060 shares during the last quarter. Davis Selected Advisers acquired a new position in EQT Corp. during the second quarter worth $189,106,000. Vanguard Group Inc. raised its position in EQT Corp. by 10.4% in the second quarter. Vanguard Group Inc. now owns 15,983,499 shares of the company’s stock worth $1,237,603,000 after buying an additional 1,508,708 shares during the last quarter. Cohen & Steers Inc. acquired a new position in EQT Corp. during the second quarter worth $14,814,000. Finally, Wedge Capital Management L L P NC acquired a new position in EQT Corp. during the second quarter worth $85,980,000. 87.73% of the stock is owned by institutional investors and hedge funds.
EQT Corp. Company Profile
EQT Corporation (EQT) is an energy company. The Company operates through two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play.
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