EQT Co. (NYSE:EQT) Sees Significant Increase in Short Interest

EQT Co. (NYSE:EQT - Get Free Report) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 20,260,000 shares, a growth of 21.2% from the February 13th total of 16,710,000 shares. Approximately 3.4% of the company's stock are short sold. Based on an average trading volume of 8,200,000 shares, the days-to-cover ratio is currently 2.5 days.

EQT Stock Performance

Shares of NYSE EQT traded down $0.84 during trading on Friday, reaching $52.89. 12,816,051 shares of the company traded hands, compared to its average volume of 7,303,400. The firm's fifty day simple moving average is $51.25 and its 200 day simple moving average is $44.20. The stock has a market cap of $31.60 billion, a P/E ratio of 132.23, a PEG ratio of 0.64 and a beta of 1.12. EQT has a 12-month low of $30.02 and a 12-month 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.

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

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EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.19%. EQT's payout ratio is currently 157.50%.

Analyst Ratings Changes

EQT has been the topic of several recent research reports. Wells Fargo & Company increased their target price on EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday. Mizuho raised EQT from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. Piper Sandler raised their price objective on EQT from $35.00 to $36.00 and gave the stock a "neutral" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. raised their price objective on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Finally, StockNews.com raised EQT from a "sell" rating to a "hold" rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $54.50.

Hedge Funds Weigh In On EQT

Several institutional investors and hedge funds have recently modified their holdings of the business. 111 Capital purchased a new position in shares of EQT in the 4th quarter valued at about $253,000. PKO Investment Management Joint Stock Co purchased a new position in shares of EQT in the 4th quarter valued at about $678,000. Siemens Fonds Invest GmbH purchased a new position in shares of EQT in the 4th quarter valued at about $108,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of EQT in the 4th quarter valued at about $5,993,000. Finally, Capital A Wealth Management LLC purchased a new position in shares of EQT in the 4th quarter valued at about $72,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

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.