Key Points
- Director Vicky Bailey sold 4,116 shares of EQT on April 27 at an average price of $59.80, for a total of $246,136.80, according to an SEC filing.
- EQT reported Q1 EPS of $2.33, beating the $2.01 consensus while delivering $3.14 billion in revenue, and analysts project about 4.53 EPS for the current year.
- The company declared a quarterly dividend of $0.165 (annualized $0.66, yield 1.1%) payable June 1, and the stock trades at roughly a $37 billion market cap with a consensus price target of $68.92 and a "Moderate Buy" rating.
EQT Corporation (NYSE:EQT - Get Free Report) Director Vicky Bailey sold 4,116 shares of the firm's stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $59.80, for a total value of $246,136.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
EQT Stock Performance
Shares of EQT opened at $59.14 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $36.99 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 1.03 and a beta of 0.70. The stock has a 50 day moving average of $61.21 and a 200 day moving average of $57.58. EQT Corporation has a 12 month low of $48.47 and a 12 month high of $68.24.
EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The oil and gas producer reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.32. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.14 billion. EQT had a return on equity of 9.74% and a net margin of 31.94%.During the same period last year, the business posted $1.18 earnings per share. As a group, sell-side analysts forecast that EQT Corporation will post 4.53 earnings per share for the current year.
EQT Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 6th will be given a $0.165 dividend. The ex-dividend date is Wednesday, May 6th. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. EQT's payout ratio is 12.52%.
Analyst Ratings Changes
EQT has been the subject of several recent research reports. Barclays lifted their price target on EQT from $67.00 to $69.00 and gave the company an "overweight" rating in a research report on Monday, March 16th. Stephens reduced their price target on EQT from $78.00 to $73.00 and set an "overweight" rating for the company in a research report on Tuesday, April 21st. Piper Sandler lifted their price target on EQT from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, March 5th. The Goldman Sachs Group dropped their price target on EQT from $68.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, April 15th. Finally, Siebert Williams Shank lifted their price target on EQT from $59.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $68.92.
View Our Latest Stock Analysis on EQT
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Greykasell Wealth Strategies Inc. purchased a new position in shares of EQT in the fourth quarter worth about $26,000. Aventura Private Wealth LLC purchased a new position in shares of EQT in the fourth quarter worth about $31,000. Fortitude Family Office LLC increased its holdings in shares of EQT by 95.6% in the fourth quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer's stock worth $31,000 after buying an additional 280 shares during the period. Elyxium Wealth LLC purchased a new position in shares of EQT in the fourth quarter worth about $49,000. Finally, Root Financial Partners LLC increased its holdings in shares of EQT by 35.4% in the first quarter. Root Financial Partners LLC now owns 773 shares of the oil and gas producer's stock worth $49,000 after buying an additional 202 shares during the period. Hedge funds and other institutional investors own 90.81% of the company's stock.
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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