EQT Corp. (NYSE:EQT) Director Lee T. Todd, Jr. sold 500 shares of the firm’s stock in a transaction on Tuesday, January 5th. The shares were sold at an average price of C$53.31, for a total value of C$26,655.00. Following the completion of the sale, the director now directly owns 1,700 shares of the company’s stock, valued at approximately C$90,627. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of EQT Corp. (NYSE:EQT) opened at 72.86 on Friday. The company’s 50-day moving average price is $72.06 and its 200-day moving average price is $71.67. The stock’s market cap is $12.59 billion. EQT Corp. has a 52-week low of $47.10 and a 52-week high of $80.61.
EQT Corp. (NYSE:EQT) last announced its earnings results on Thursday, July 28th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.06. EQT Corp. had a negative return on equity of 1.27% and a negative net margin of 18.74%. The business earned $127.53 million during the quarter, compared to the consensus estimate of $461.53 million. During the same period in the prior year, the business posted ($0.06) earnings per share. EQT Corp.’s revenue was down 71.0% compared to the same quarter last year. Analysts expect that EQT Corp. will post ($0.64) earnings per share for the current year.
A number of research firms have commented on EQT. Jefferies Group raised their target price on EQT Corp. from $74.00 to $77.00 and gave the company a “hold” rating in a report on Friday, July 29th. Scotiabank downgraded EQT Corp. from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $91.00 to $90.00 in a report on Thursday, August 11th. Howard Weil reduced their target price on EQT Corp. from $92.00 to $91.00 and set a “sector outperform” rating for the company in a report on Friday, July 29th. Citigroup Inc. raised their target price on EQT Corp. from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Finally, Zacks Investment Research raised EQT Corp. from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a report on Tuesday, July 5th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. EQT Corp. presently has a consensus rating of “Hold” and a consensus target price of C$78.78.
Several large investors have recently made changes to their positions in EQT. State Treasurer State of Michigan increased its stake in shares of EQT Corp. by 9.1% in the second quarter. State Treasurer State of Michigan now owns 59,970 shares of the company’s stock valued at $4,643,000 after buying an additional 5,000 shares in the last quarter. Blair William & Co. IL increased its stake in shares of EQT Corp. by 46.0% in the second quarter. Blair William & Co. IL now owns 10,539 shares of the company’s stock valued at $816,000 after buying an additional 3,319 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of EQT Corp. by 23.7% in the second quarter. Brown Advisory Inc. now owns 18,884 shares of the company’s stock valued at $1,462,000 after buying an additional 3,623 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of EQT Corp. during the second quarter valued at about $16,265,000. Finally, Canada Pension Plan Investment Board increased its stake in shares of EQT Corp. by 3.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,014 shares of the company’s stock valued at $203,000 after buying an additional 100 shares in the last quarter. 87.73% of the stock is owned by institutional investors and hedge funds.
About EQT Corp.
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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