145,505 Shares in EQT Co. (NYSE:EQT) Bought by Atom Investors LP

Atom Investors LP purchased a new stake in EQT Co. (NYSE:EQT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 145,505 shares of the oil and gas producer’s stock, valued at approximately $5,331,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HM Payson & Co. purchased a new stake in shares of EQT in the third quarter worth about $25,000. Innealta Capital LLC acquired a new position in EQT in the second quarter valued at approximately $28,000. Truvestments Capital LLC purchased a new stake in EQT in the 3rd quarter worth approximately $30,000. Hexagon Capital Partners LLC grew its stake in shares of EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 904 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of EQT during the 3rd quarter valued at approximately $36,000. 90.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on EQT shares. Stephens raised their price target on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their target price on EQT from $42.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. UBS Group upped their price target on EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Piper Sandler raised their price objective on EQT from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their target price on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, EQT currently has a consensus rating of “Moderate Buy” and an average price target of $44.67.

EQT Stock Up 0.4 %

EQT stock opened at $45.44 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average of $39.35 and a two-hundred day moving average of $37.15. EQT Co. has a 12 month low of $30.02 and a 12 month high of $48.02. The company has a market cap of $27.11 billion, a price-to-earnings ratio of 54.10 and a beta of 1.06.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. As a group, analysts forecast that EQT Co. will post 1.36 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.39%. EQT’s payout ratio is 75.00%.

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.