Short Interest in EQT Grows By 49.6% (EQT)
Shares of EQT (NYSE:EQT) were the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 4,531,093 shares, a growth of 49.6% from the July 15th total of 3,028,961 shares, Analyst RN reports. Approximately 3.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,094,231 shares, the short-interest ratio is currently 2.2 days.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of EQT in a research note on Tuesday, August 12th. They now have a $114.00 price target on the stock, down previously from $118.00. Separately, analysts at KLR Group upgraded shares of EQT from a “hold” rating to an “accumulate” rating in a research note on Monday, August 4th. They now have a $115.00 price target on the stock, down previously from $118.00. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of EQT in a research note on Tuesday, July 29th. They now have a $113.00 price target on the stock, down previously from $123.00. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $116.17.
EQT (NYSE:EQT) opened at 94.85 on Wednesday. EQT has a 52 week low of $80.72 and a 52 week high of $111.47. The stock’s 50-day moving average is $99.08 and its 200-day moving average is $102.0. The company has a market cap of $14.370 billion and a P/E ratio of 28.52.
EQT (NYSE:EQT) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.73 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.82 by $0.09. The company had revenue of $526.16 million for the quarter, compared to the consensus estimate of $603.91 million. During the same quarter last year, the company posted $0.57 earnings per share. EQT’s revenue was up 11.2% compared to the same quarter last year. Analysts expect that EQT will post $3.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 1st. Shareholders of record on Friday, August 15th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.13%. The ex-dividend date is Wednesday, August 13th.
EQT Corporation (NYSE:EQT) conducts its business through three business segments: EQT Production, EQT Midstream and Distribution.
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