EQT Co. (NYSE:EQT) Director Thomas F. Karam Sells 30,154 Shares

EQT Co. (NYSE:EQT) Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the transaction, the director now owns 201,608 shares in the company, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

EQT Trading Down 2.5 %

EQT stock opened at $43.33 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT Co. has a 12 month low of $30.02 and a 12 month high of $48.02. The stock’s 50 day simple moving average is $40.22 and its two-hundred day simple moving average is $37.29. The firm has a market cap of $25.85 billion, a PE ratio of 51.58 and a beta of 1.14.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the firm posted $0.30 EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Analysts anticipate that EQT Co. will post 1.36 earnings per share for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th were given a dividend of $0.1575 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.45%. EQT’s dividend payout ratio (DPR) is 75.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Retirement Systems of Alabama lifted its position in shares of EQT by 36.7% during the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock valued at $4,878,000 after buying an additional 35,733 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of EQT by 121.1% during the 3rd quarter. Franklin Resources Inc. now owns 316,945 shares of the oil and gas producer’s stock valued at $11,600,000 after buying an additional 173,596 shares in the last quarter. Synovus Financial Corp purchased a new position in shares of EQT during the 3rd quarter valued at approximately $1,069,000. Tidal Investments LLC lifted its position in shares of EQT by 55.8% during the 3rd quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer’s stock valued at $2,228,000 after buying an additional 21,789 shares in the last quarter. Finally, Blankinship & Foster LLC purchased a new position in shares of EQT during the 3rd quarter valued at approximately $4,051,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Mizuho upped their price objective on shares of EQT from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Morgan Stanley upped their price objective on shares of EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Wells Fargo & Company upped their price objective on shares of EQT from $42.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Royal Bank of Canada restated a “sector perform” rating and set a $49.00 price objective on shares of EQT in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, EQT has an average rating of “Hold” and an average price target of $46.11.

EQT Company Profile

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.