Key Points
- Sarah Fenton, EVP of EQT, sold 4,876 shares on March 16 at an average price of $64.49 for $314,453, cutting her holding by 8.43% to 52,953 shares (≈$3.41M).
- The March sale follows a Feb. 20 sale of 3,768 shares at $60.37, signaling consecutive insider disposals totaling 8,644 shares and roughly $542K in proceeds.
- EQT recently beat quarterly EPS estimates ($0.90 vs. $0.76), trades near its 12‑month high (~$65.68), has a market cap of about $39.7B, and carries an average analyst price target of $66.36 with a 1.0% dividend yield.
EQT Corporation (NYSE:EQT - Get Free Report) EVP Sarah Fenton sold 4,876 shares of the company's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $64.49, for a total transaction of $314,453.24. Following the completion of the sale, the executive vice president directly owned 52,953 shares in the company, valued at approximately $3,414,938.97. The trade was a 8.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
Sarah Fenton also recently made the following trade(s):
- On Friday, February 20th, Sarah Fenton sold 3,768 shares of EQT stock. The stock was sold at an average price of $60.37, for a total value of $227,474.16.
EQT Stock Performance
EQT opened at $63.50 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.27. EQT Corporation has a 12-month low of $43.57 and a 12-month high of $65.68. The business has a 50 day moving average of $57.56 and a 200-day moving average of $55.86. The stock has a market cap of $39.68 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 0.42 and a beta of 0.72.
EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.14. EQT had a return on equity of 7.25% and a net margin of 23.59%.The business had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.13 billion. During the same quarter in the prior year, the business earned $0.69 EPS. The firm's revenue for the quarter was up 24.8% on a year-over-year basis. On average, equities research analysts expect that EQT Corporation will post 3.27 earnings per share for the current year.
EQT Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.66 annualized dividend and a dividend yield of 1.0%. EQT's payout ratio is presently 19.94%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Siebert Williams Shank raised their price objective on shares of EQT from $59.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, January 26th. Sanford C. Bernstein increased their target price on EQT from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Monday, January 5th. Scotiabank dropped their price target on EQT from $67.00 to $63.00 and set a "sector perform" rating for the company in a report on Wednesday, January 21st. UBS Group reduced their price target on EQT from $76.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, March 5th. Finally, Piper Sandler increased their price objective on EQT from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $66.36.
Get Our Latest Stock Analysis on EQT
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Cullen Frost Bankers Inc. grew its position in EQT by 8,000.9% during the third quarter. Cullen Frost Bankers Inc. now owns 153,431 shares of the oil and gas producer's stock worth $8,351,000 after buying an additional 151,537 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in EQT by 116.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 534,485 shares of the oil and gas producer's stock valued at $29,092,000 after acquiring an additional 287,538 shares in the last quarter. First American Bank acquired a new position in EQT in the 3rd quarter valued at $1,915,000. Adams Natural Resources Fund Inc. lifted its position in shares of EQT by 97.1% during the 3rd quarter. Adams Natural Resources Fund Inc. now owns 220,500 shares of the oil and gas producer's stock valued at $12,002,000 after acquiring an additional 108,600 shares during the period. Finally, Canada Post Corp Registered Pension Plan grew its holdings in shares of EQT by 131.7% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 87,629 shares of the oil and gas producer's stock worth $4,772,000 after purchasing an additional 49,803 shares in the last quarter. 90.81% of the stock is owned by institutional investors.
EQT Company Profile
(
Get Free Report)
EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT's primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.
In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.
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