EQT Co. (NYSE:EQT) Short Interest Down 19.8% in March

EQT Co. (NYSE:EQT - Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 16,140,000 shares, a decrease of 19.8% from the March 15th total of 20,130,000 shares. Based on an average daily trading volume, of 8,830,000 shares, the short-interest ratio is presently 1.8 days. Approximately 2.7% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EQT. StockNews.com lowered shares of EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. UBS Group lowered their price objective on EQT from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Royal Bank of Canada reissued a "sector perform" rating and set a $49.00 target price on shares of EQT in a research report on Monday, January 6th. The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a report on Wednesday, February 12th. Finally, TD Cowen upgraded shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 target price for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, EQT currently has a consensus rating of "Moderate Buy" and an average price target of $55.50.

Hedge Funds Weigh In On EQT

A number of hedge funds have recently bought and sold shares of EQT. MML Investors Services LLC raised its holdings in shares of EQT by 29.3% during the third quarter. MML Investors Services LLC now owns 17,895 shares of the oil and gas producer's stock valued at $656,000 after buying an additional 4,057 shares during the last quarter. Bard Financial Services Inc. acquired a new stake in EQT in the 3rd quarter valued at about $878,000. Wilmington Savings Fund Society FSB acquired a new position in shares of EQT in the 3rd quarter worth approximately $165,000. Blankinship & Foster LLC bought a new stake in shares of EQT in the 3rd quarter worth approximately $4,051,000. Finally, Tidal Investments LLC boosted its holdings in EQT by 55.8% during the third quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer's stock worth $2,228,000 after buying an additional 21,789 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Stock Up 1.6 %

Shares of NYSE EQT traded up $0.79 on Thursday, hitting $49.54. The company had a trading volume of 1,064,948 shares, compared to its average volume of 7,779,032. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT has a 12-month low of $30.02 and a 12-month high of $56.66. The firm has a market capitalization of $29.60 billion, a P/E ratio of 124.09, a PEG ratio of 0.64 and a beta of 1.35. The business has a 50 day moving average of $50.47 and a two-hundred day moving average of $46.84.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, equities research analysts forecast that EQT will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be issued a $0.1575 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.27%. EQT's dividend payout ratio is presently 157.50%.

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.