Dark Forest Capital Management LP Buys 10,103 Shares of EQT Co. (NYSE:EQT)

Dark Forest Capital Management LP raised its holdings in EQT Co. (NYSE:EQT - Free Report) by 171.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,000 shares of the oil and gas producer's stock after acquiring an additional 10,103 shares during the period. Dark Forest Capital Management LP's holdings in EQT were worth $738,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EQT. EverSource Wealth Advisors LLC increased its position in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 205 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after acquiring an additional 193 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of EQT during the 4th quarter valued at $55,000. First Horizon Advisors Inc. grew its position in EQT by 33.1% during the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock worth $55,000 after acquiring an additional 298 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in EQT by 1,343.8% in the 4th quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock worth $64,000 after purchasing an additional 1,290 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

Analysts Set New Price Targets

EQT has been the subject of several recent research reports. Stephens lowered their price objective on EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Citigroup lifted their price target on shares of EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Truist Financial increased their price objective on EQT from $41.00 to $56.00 and gave the company a "hold" rating in a report on Monday, January 13th. Wells Fargo & Company upped their target price on EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Finally, The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, EQT has a consensus rating of "Moderate Buy" and a consensus price target of $55.39.

EQT Stock Up 1.8 %

Shares of EQT traded up $0.90 during trading hours on Monday, reaching $51.14. 9,330,430 shares of the stock traded hands, compared to its average volume of 7,808,216. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $50.31 and a 200 day simple moving average of $47.16. The company has a market cap of $30.61 billion, a price-to-earnings ratio of 127.85, a PEG ratio of 0.64 and a beta of 1.35.

EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. On average, equities analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Wednesday, May 7th. EQT's dividend payout ratio is currently 110.53%.

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.