Traders sold shares of EQT Corporation (NYSE:EQT) on strength during trading hours on Tuesday. $37.75 million flowed into the stock on the tick-up and $82.38 million flowed out of the stock on the tick-down, for a money net flow of $44.63 million out of the stock. Of all stocks tracked, EQT Corporation had the 0th highest net out-flow for the day. EQT Corporation traded up $1.12 for the day and closed at $62.78
EQT has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on shares of EQT Corporation from $79.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Jefferies Group LLC reissued a “hold” rating and set a $69.00 target price on shares of EQT Corporation in a research note on Tuesday, July 4th. BidaskClub raised shares of EQT Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 16th. ValuEngine downgraded shares of EQT Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Royal Bank Of Canada downgraded shares of EQT Corporation from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $86.00 to $80.00 in a research note on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $80.38.
The company has a 50-day moving average of $60.93 and a 200-day moving average of $59.87. The firm has a market cap of $10.96 billion, a PE ratio of 2258.57 and a beta of 0.77.
EQT Corporation (NYSE:EQT) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. The business had revenue of $631.10 million for the quarter, compared to analyst estimates of $642.21 million. During the same quarter in the prior year, the business earned ($0.35) EPS. EQT Corporation’s quarterly revenue was up 720.1% on a year-over-year basis. On average, analysts anticipate that EQT Corporation will post $1.03 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.12 dividend on an annualized basis and a yield of 0.19%. EQT Corporation’s dividend payout ratio (DPR) is currently 400.13%.
In other EQT Corporation news, insider Robert Joseph Mcnally acquired 1,500 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was purchased at an average price of $50.00 per share, with a total value of $75,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director A. Bray Jr. Cary acquired 28,000 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was acquired at an average cost of $53.55 per share, with a total value of $1,499,400.00. Following the acquisition, the director now directly owns 22,627 shares in the company, valued at $1,211,675.85. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 41,901 shares of company stock worth $2,211,775. 1.00% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. South Dakota Investment Council acquired a new stake in EQT Corporation during the first quarter worth about $354,000. Knights of Columbus Asset Advisors LLC acquired a new stake in EQT Corporation during the first quarter worth about $760,000. BlackRock Inc. increased its stake in EQT Corporation by 3,346.4% in the first quarter. BlackRock Inc. now owns 13,626,409 shares of the oil and gas producer’s stock worth $832,575,000 after buying an additional 13,231,032 shares in the last quarter. Clearbridge Investments LLC increased its stake in EQT Corporation by 9.9% in the first quarter. Clearbridge Investments LLC now owns 20,969 shares of the oil and gas producer’s stock worth $1,281,000 after buying an additional 1,890 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in EQT Corporation by 3.6% in the second quarter. Whittier Trust Co. now owns 171,209 shares of the oil and gas producer’s stock worth $10,031,000 after buying an additional 5,872 shares in the last quarter. 90.45% of the stock is owned by hedge funds and other institutional investors.
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About EQT Corporation
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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