Capital Advisors Inc. OK purchased a new position in EQT Co. (NYSE:EQT - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 703,899 shares of the oil and gas producer's stock, valued at approximately $25,791,000. Capital Advisors Inc. OK owned about 0.16% of EQT as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of EQT. Davis Investment Partners LLC lifted its stake in shares of EQT by 1.0% in the 3rd quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer's stock valued at $1,137,000 after purchasing an additional 317 shares during the last quarter. Motley Fool Asset Management LLC lifted its position in EQT by 5.1% in the first quarter. Motley Fool Asset Management LLC now owns 6,861 shares of the oil and gas producer's stock worth $254,000 after buying an additional 336 shares during the last quarter. Hancock Whitney Corp boosted its stake in EQT by 3.0% during the first quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer's stock worth $541,000 after buying an additional 419 shares during the period. J.W. Cole Advisors Inc. increased its position in EQT by 7.4% during the third quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer's stock valued at $224,000 after acquiring an additional 421 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC raised its stake in shares of EQT by 1.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 30,792 shares of the oil and gas producer's stock valued at $1,139,000 after acquiring an additional 431 shares during the period. Hedge funds and other institutional investors own 90.81% of the company's stock.
Analyst Upgrades and Downgrades
EQT has been the subject of a number of recent analyst reports. Mizuho dropped their price target on shares of EQT from $43.00 to $41.00 and set a "neutral" rating for the company in a research note on Friday, October 4th. Scotiabank boosted their price objective on EQT from $54.00 to $55.00 and gave the company a "sector outperform" rating in a report on Friday, July 12th. Bank of America began coverage on EQT in a research report on Monday, October 28th. They issued a "buy" rating and a $50.00 price objective on the stock. Wolfe Research assumed coverage on EQT in a research report on Thursday, July 18th. They set an "outperform" rating and a $51.00 target price for the company. Finally, StockNews.com upgraded shares of EQT to a "sell" rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, EQT presently has a consensus rating of "Moderate Buy" and an average price target of $42.17.
Read Our Latest Stock Analysis on EQT
EQT Stock Down 2.5 %
EQT stock traded down $0.92 during mid-day trading on Friday, reaching $35.62. 7,274,280 shares of the company were exchanged, compared to its average volume of 7,038,687. EQT Co. has a 12-month low of $30.02 and a 12-month high of $45.23. The business has a fifty day moving average of $35.24 and a 200 day moving average of $36.60. The firm has a market cap of $15.73 billion, a P/E ratio of 42.41 and a beta of 1.06. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 0.73.
EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a return on equity of 4.08% and a net margin of 5.52%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. Research analysts anticipate that EQT Co. will post 1.42 earnings per share for the current fiscal year.
EQT Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.77%. EQT's dividend payout ratio (DPR) is presently 75.00%.
About EQT
(
Free Report)
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.
Further Reading
Before you consider EQT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EQT wasn't on the list.
While EQT currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
