Proficio Capital Partners LLC Buys New Position in EQT Co. (NYSE:EQT)

Proficio Capital Partners LLC purchased a new stake in EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 111,012 shares of the oil and gas producer's stock, valued at approximately $5,119,000.

A number of other hedge funds have also made changes to their positions in EQT. Truvestments Capital LLC purchased a new position in shares of EQT in the third quarter valued at $30,000. Quarry LP increased its position in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after buying an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of EQT during the third quarter valued at $36,000. Financial Avengers Inc. boosted its stake in shares of EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock valued at $37,000 after acquiring an additional 504 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of EQT by 22.7% during the fourth 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. Hedge funds and other institutional investors own 90.81% of the company's stock.

Analysts Set New Price Targets

EQT has been the topic of a number of analyst reports. Piper Sandler increased their price objective on EQT from $35.00 to $36.00 and gave the company a "neutral" rating in a research note on Thursday, March 6th. StockNews.com raised EQT from a "sell" rating to a "hold" rating in a research note on Friday, March 14th. Citigroup increased their price objective on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday. Scotiabank lowered EQT from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Finally, Jefferies Financial Group increased their price objective on EQT from $45.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, EQT presently has an average rating of "Moderate Buy" and a consensus price target of $54.50.

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EQT Trading Up 0.3 %

Shares of EQT stock traded up $0.14 during trading hours on Thursday, reaching $53.74. The stock had a trading volume of 9,060,067 shares, compared to its average volume of 7,272,924. The firm has a 50 day simple moving average of $51.07 and a two-hundred day simple moving average of $43.92. The firm has a market capitalization of $32.11 billion, a price-to-earnings ratio of 134.36, a P/E/G ratio of 0.64 and a beta of 1.12. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, equities research analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.17%. EQT's dividend payout ratio (DPR) is 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.