Traders bought shares of EQT Corporation (NYSE:EQT) on weakness during trading on Tuesday. $56.22 million flowed into the stock on the tick-up and $17.97 million flowed out of the stock on the tick-down, for a money net flow of $38.25 million into the stock. Of all stocks tracked, EQT Corporation had the 8th highest net in-flow for the day. EQT Corporation traded down ($0.02) for the day and closed at $62.88
A number of brokerages recently commented on EQT. Jefferies Group LLC reaffirmed a “hold” rating and set a $66.00 price target on shares of EQT Corporation in a research report on Tuesday. Royal Bank Of Canada set a $79.00 price target on EQT Corporation and gave the company a “hold” rating in a research report on Saturday. Scotiabank reaffirmed an “average” rating and set a $79.00 price target on shares of EQT Corporation in a research report on Wednesday, October 4th. Seaport Global Securities raised EQT Corporation from a “neutral” rating to a “buy” rating and increased their price target for the company from $57.00 to $79.00 in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $87.00 price target on shares of EQT Corporation in a research report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. EQT Corporation currently has a consensus rating of “Buy” and a consensus price target of $79.30.
The stock has a 50 day moving average price of $63.12 and a 200-day moving average price of $60.46. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 2245.71 and a beta of 0.77.
EQT Corporation (NYSE:EQT) last announced its earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $631.10 million during the quarter, compared to analyst estimates of $642.21 million. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. The company’s quarterly revenue was up 720.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.35) EPS. On average, analysts predict that EQT Corporation will post $0.91 EPS for the current fiscal year.
In related news, Director A. Bray Jr. Cary bought 406 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was acquired at an average cost of $65.24 per share, for a total transaction of $26,487.44. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of EQT Corporation by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 17,207,739 shares of the oil and gas producer’s stock worth $1,051,393,000 after purchasing an additional 522,164 shares in the last quarter. BlackRock Inc. increased its stake in shares of EQT Corporation by 3,346.4% in the 1st quarter. BlackRock Inc. now owns 13,626,409 shares of the oil and gas producer’s stock worth $832,575,000 after purchasing an additional 13,231,032 shares in the last quarter. State Street Corp increased its stake in shares of EQT Corporation by 13.6% in the 1st quarter. State Street Corp now owns 10,635,812 shares of the oil and gas producer’s stock worth $649,846,000 after purchasing an additional 1,270,294 shares in the last quarter. OZ Management LP purchased a new stake in shares of EQT Corporation in the 1st quarter worth $281,711,000. Finally, Aristotle Capital Management LLC increased its stake in shares of EQT Corporation by 8.9% in the 1st quarter. Aristotle Capital Management LLC now owns 3,379,750 shares of the oil and gas producer’s stock worth $206,502,000 after purchasing an additional 276,368 shares in the last quarter. Hedge funds and other institutional investors own 90.55% of the company’s stock.
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EQT Corporation Company Profile
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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