Dynamic Technology Lab Private Ltd increased its position in EQT Co. (NYSE:EQT) by 239.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,783 shares of the oil and gas producer’s stock after purchasing an additional 22,421 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in EQT were worth $1,405,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in EQT. Cerebellum GP LLC boosted its stake in shares of EQT by 71.4% in the third quarter. Cerebellum GP LLC now owns 3,488 shares of the oil and gas producer’s stock valued at $154,000 after purchasing an additional 1,453 shares during the period. Piedmont Investment Advisors LLC purchased a new position in shares of EQT in the second quarter valued at $163,000. Dupont Capital Management Corp boosted its stake in shares of EQT by 48.7% in the second quarter. Dupont Capital Management Corp now owns 3,876 shares of the oil and gas producer’s stock valued at $214,000 after purchasing an additional 1,270 shares during the period. MML Investors Services LLC purchased a new position in shares of EQT in the third quarter valued at $218,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of EQT in the second quarter valued at $222,000. Institutional investors and hedge funds own 96.52% of the company’s stock.
Several research analysts have recently weighed in on EQT shares. Royal Bank of Canada set a $53.00 target price on shares of EQT and gave the company a “buy” rating in a research note on Saturday, October 27th. Zacks Investment Research restated a “buy” rating and issued a $35.00 target price on shares of EQT in a research note on Tuesday, November 13th. Credit Suisse Group set a $48.00 target price on shares of EQT and gave the company a “buy” rating in a research note on Friday, October 26th. LADENBURG THALM/SH SH set a $70.00 target price on shares of EQT and gave the company a “buy” rating in a research note on Friday, August 17th. Finally, Goldman Sachs Group raised shares of EQT from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, November 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.07.
In other EQT news, insider Robert Joseph Mcnally bought 15,800 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were bought at an average cost of $34.16 per share, with a total value of $539,728.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Rohr bought 10,000 shares of the company’s stock in a transaction on Thursday, November 1st. The shares were acquired at an average cost of $34.66 per share, for a total transaction of $346,600.00. The disclosure for this purchase can be found here. Insiders purchased 94,269 shares of company stock worth $2,311,332 over the last ninety days. 0.68% of the stock is currently owned by corporate insiders.
EQT opened at $18.41 on Friday. The firm has a market capitalization of $4.58 billion, a P/E ratio of 7.03, a P/E/G ratio of 0.50 and a beta of 0.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.47 and a current ratio of 0.47. EQT Co. has a 12-month low of $16.29 and a 12-month high of $59.66.
EQT (NYSE:EQT) last posted its quarterly earnings results on Thursday, October 25th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.11 billion. EQT had a negative net margin of 6.86% and a positive return on equity of 3.77%. During the same period in the prior year, the company posted $0.12 earnings per share. As a group, equities research analysts anticipate that EQT Co. will post 2.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Wednesday, November 21st were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, November 20th. This represents a $0.12 annualized dividend and a yield of 0.65%. EQT’s dividend payout ratio is presently 8.16%.
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EQT Company Profile
EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.
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