EQT Sees Unusually High Options Volume (EQT)
EQT Corporation (NYSE:EQT) saw unusually large options trading on Tuesday. Investors purchased 12,509 call options on the company. This represents an increase of approximately 1,136% compared to the average daily volume of 1,012 call options.
In other news, Director A. Bray Jr. Cary acquired 406 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was acquired at an average price of $65.24 per share, for a total transaction of $26,487.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman David L. Porges sold 53,760 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $59.14, for a total value of $3,179,366.40. Following the completion of the sale, the chairman now owns 438,601 shares of the company’s stock, valued at approximately $25,938,863.14. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Wedge Capital Management L L P NC raised its position in EQT by 6.1% during the second quarter. Wedge Capital Management L L P NC now owns 3,142,162 shares of the oil and gas producer’s stock valued at $184,099,000 after buying an additional 181,277 shares during the period. Neuberger Berman Group LLC raised its position in EQT by 13.1% during the second quarter. Neuberger Berman Group LLC now owns 2,328,251 shares of the oil and gas producer’s stock valued at $136,412,000 after buying an additional 270,054 shares during the period. State of Tennessee Treasury Department raised its position in EQT by 22.5% during the third quarter. State of Tennessee Treasury Department now owns 821,326 shares of the oil and gas producer’s stock valued at $53,584,000 after buying an additional 150,856 shares during the period. Lord Abbett & CO. LLC raised its position in EQT by 2.1% during the second quarter. Lord Abbett & CO. LLC now owns 697,211 shares of the oil and gas producer’s stock valued at $40,850,000 after buying an additional 14,019 shares during the period. Finally, Mitchell Group Inc. raised its position in EQT by 11.1% during the second quarter. Mitchell Group Inc. now owns 555,569 shares of the oil and gas producer’s stock valued at $32,551,000 after buying an additional 55,330 shares during the period. 90.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EQT (NYSE EQT) opened at $55.80 on Friday. EQT has a fifty-two week low of $49.63 and a fifty-two week high of $75.74. The company has a market capitalization of $10,259.56, a price-to-earnings ratio of 67.84, a PEG ratio of 4.48 and a beta of 0.76. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29.
EQT (NYSE:EQT) last announced its earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.17. The business had revenue of $660.30 million during the quarter, compared to the consensus estimate of $667.05 million. EQT had a return on equity of 1.61% and a net margin of 1.39%. EQT’s revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.26) earnings per share. sell-side analysts anticipate that EQT will post 0.88 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Thursday, November 9th. EQT’s payout ratio is 57.15%.
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.
Receive News & Ratings for EQT Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Corporation and related companies with MarketBeat.com's FREE daily email newsletter.