EQT Co. (EQT) Director Acquires $26,487.44 in Stock
EQT Co. (NYSE:EQT) Director A. Bray Jr. Cary acquired 406 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were bought at an average price of $65.24 per share, with a total value of $26,487.44. The transaction was disclosed in a document filed with the SEC, which is available through this link.
EQT Co. (NYSE EQT) remained flat at $64.21 during trading on Wednesday. 4,307,605 shares of the company traded hands. EQT Co. has a 12 month low of $49.63 and a 12 month high of $75.74. The firm has a 50-day moving average price of $62.76 and a 200-day moving average price of $60.27. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 2293.21 and a beta of 0.77.
EQT (NYSE:EQT) last released its earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The company had revenue of $631.10 million during the quarter, compared to analyst estimates of $642.21 million. EQT had a net margin of 17.75% and a return on equity of 2.73%. The firm’s quarterly revenue was up 720.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.35) EPS. Equities analysts predict that EQT Co. will post $0.91 EPS for the current year.
A number of analysts recently issued reports on EQT shares. Scotiabank restated an “average” rating and set a $79.00 price objective on shares of EQT in a report on Wednesday. Stifel Nicolaus raised their price objective on shares of EQT from $79.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, July 10th. KLR Group restated a “buy” rating and set a $102.00 price objective (up previously from $92.00) on shares of EQT in a report on Monday, June 26th. Cowen and Company set a $80.00 price objective on shares of EQT and gave the stock a “buy” rating in a report on Tuesday, July 18th. Finally, BMO Capital Markets set a $70.00 price objective on shares of EQT and gave the stock a “buy” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. EQT currently has a consensus rating of “Buy” and a consensus price target of $80.09.
Several hedge funds and other institutional investors have recently bought and sold shares of EQT. Point72 Asia Hong Kong Ltd bought a new position in shares of EQT during the 1st quarter valued at approximately $110,000. Invictus RG bought a new stake in EQT in the first quarter worth $119,000. Pacer Advisors Inc. lifted its position in EQT by 3.1% in the first quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock worth $199,000 after buying an additional 99 shares during the last quarter. Aureus Asset Management LLC bought a new stake in EQT in the second quarter worth $205,000. Finally, Pinebridge Investments L.P. bought a new stake in EQT in the second quarter worth $212,000. Hedge funds and other institutional investors own 90.55% of the company’s stock.
EQT Company Profile
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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