Oppenheimer & Co. Inc. Purchases 18,757 Shares of EQT Co. (NYSE:EQT)

Oppenheimer & Co. Inc. raised its position in EQT Co. (NYSE:EQT - Free Report) by 245.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 26,387 shares of the oil and gas producer's stock after purchasing an additional 18,757 shares during the period. Oppenheimer & Co. Inc.'s holdings in EQT were worth $967,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of EQT. HM Payson & Co. bought a new position in shares of EQT during the 3rd quarter worth approximately $25,000. Innealta Capital LLC bought a new position in EQT during the second quarter worth $28,000. Hexagon Capital Partners LLC grew its holdings in EQT by 18,080.0% in the third 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. Blue Trust Inc. increased its stake in EQT by 149.5% in the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer's stock valued at $37,000 after purchasing an additional 598 shares in the last quarter. Finally, Wolff Wiese Magana LLC raised its holdings in shares of EQT by 936.1% during the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer's stock valued at $37,000 after purchasing an additional 908 shares during the period. 90.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on EQT shares. Bank of America began coverage on EQT in a research report on Monday, October 28th. They issued a "buy" rating and a $50.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of EQT from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Thursday, September 26th. Wells Fargo & Company upgraded EQT from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $40.00 to $42.00 in a research note on Wednesday, August 14th. StockNews.com raised EQT to a "sell" rating in a report on Friday, July 26th. Finally, Mizuho lifted their price objective on shares of EQT from $41.00 to $45.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.83.

EQT Trading Up 5.6 %

EQT stock traded up $2.45 during trading hours on Wednesday, reaching $46.53. The stock had a trading volume of 18,787,019 shares, compared to its average volume of 7,112,272. EQT Co. has a 52 week low of $30.02 and a 52 week high of $46.86. The stock has a market cap of $27.76 billion, a PE ratio of 52.48 and a beta of 1.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The company has a fifty day simple moving average of $37.39 and a 200-day simple moving average of $36.83.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm earned $0.30 earnings per share. EQT's revenue was up 8.2% on a year-over-year basis. Analysts forecast that EQT Co. will post 1.28 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT's dividend payout ratio (DPR) is presently 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.