EQT Corporation (NYSE:EQT) Chairman David L. Porges sold 53,760 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $59.14, for a total transaction of $3,179,366.40. Following the sale, the chairman now directly owns 438,601 shares of the company’s stock, valued at $25,938,863.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of EQT Corporation (NYSE EQT) traded down $1.84 during mid-day trading on Wednesday, reaching $57.18. 2,893,076 shares of the company’s stock were exchanged, compared to its average volume of 3,102,714. EQT Corporation has a 52-week low of $49.63 and a 52-week high of $75.74. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $10,369.08, a price-to-earnings ratio of 68.56, a P/E/G ratio of 4.52 and a beta of 0.76.
EQT (NYSE:EQT) last issued its earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. The business had revenue of $660.30 million for the quarter, compared to analyst estimates of $667.05 million. EQT had a net margin of 1.39% and a return on equity of 1.61%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.26) EPS. research analysts predict that EQT Corporation will post 0.88 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were paid a $0.03 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.21%. EQT’s dividend payout ratio (DPR) is presently 57.15%.
A number of analysts recently weighed in on EQT shares. TheStreet raised shares of EQT from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. BidaskClub cut shares of EQT from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Morgan Stanley upped their price target on shares of EQT from $56.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 17th. Scotiabank set a $79.00 price objective on shares of EQT and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $75.00 price objective on shares of EQT in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $78.09.
Several institutional investors have recently modified their holdings of the company. IFP Advisors Inc raised its stake in shares of EQT by 6.4% in the 2nd quarter. IFP Advisors Inc now owns 4,108 shares of the oil and gas producer’s stock valued at $241,000 after purchasing an additional 247 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of EQT by 14.2% in the 2nd quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock valued at $339,000 after purchasing an additional 721 shares in the last quarter. BB&T Corp raised its stake in shares of EQT by 5.6% in the 3rd quarter. BB&T Corp now owns 31,297 shares of the oil and gas producer’s stock valued at $2,042,000 after purchasing an additional 1,673 shares in the last quarter. S&CO Inc. raised its stake in shares of EQT by 7.8% in the 2nd quarter. S&CO Inc. now owns 25,095 shares of the oil and gas producer’s stock valued at $1,470,000 after purchasing an additional 1,810 shares in the last quarter. Finally, Everence Capital Management Inc. raised its stake in shares of EQT by 45.0% in the 2nd quarter. Everence Capital Management Inc. now owns 9,158 shares of the oil and gas producer’s stock valued at $537,000 after purchasing an additional 2,840 shares in the last quarter. Institutional investors and hedge funds own 90.55% of the company’s stock.
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EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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