Insider Selling: EQT VP Sells 24,511 Shares of Stock (EQT)
EQT (NYSE:EQT) VP Lewis B. Gardner sold 24,511 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $101.85, for a total value of $2,496,445.35. Following the completion of the transaction, the vice president now directly owns 9,539 shares in the company, valued at approximately $971,547. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on EQT. Analysts at Stifel Nicolaus raised their price target on shares of EQT from $100.00 to $115.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of EQT from a “sell” rating to a “hold” rating in a research note on Monday. Finally, analysts at Deutsche Bank raised their price target on shares of EQT from $108.00 to $122.00 in a research note on Monday. They now have a “buy” rating on the stock. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $98.85.
Shares of EQT (NYSE:EQT) traded down 0.53% during mid-day trading on Tuesday, hitting $101.25. 1,546,806 shares of the company’s stock traded hands. EQT has a 1-year low of $59.48 and a 1-year high of $102.30. The stock’s 50-day moving average is $92.79 and its 200-day moving average is $88.35. The company has a market cap of $15.260 billion and a P/E ratio of 39.53.
EQT (NYSE:EQT) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.69 by $0.22. The company had revenue of $493.43 million for the quarter, compared to the consensus estimate of $502.00 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 21.5% on a year-over-year basis. Analysts expect that EQT will post $3.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, March 1st. Investors of record on Friday, February 14th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Wednesday, February 12th.
EQT Corporation (NYSE:EQT) conducts its business through three business segments: EQT Production, EQT Midstream and Distribution.
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