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.

Several analysts have recently weighed in on EQT shares. Scotiabank restated an “average” rating and issued a $79.00 price objective on shares of EQT in a report on Wednesday, October 4th. Seaport Global Securities upgraded EQT from a “neutral” rating to a “buy” rating and upped their price objective for the company from $57.00 to $79.00 in a report on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $87.00 target price on shares of EQT in a report on Thursday, September 14th. Cowen reaffirmed a “buy” rating and set a $80.00 target price on shares of EQT in a report on Tuesday, September 12th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $75.00 target price on shares of EQT in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. EQT currently has a consensus rating of “Buy” and a consensus price target of $78.09.

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%.

TRADEMARK VIOLATION NOTICE: This story was first reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. & international trademark and copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/12/08/eqt-sees-unusually-high-options-volume-eqt.html.

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.