Short Interest in EQT Co. (NYSE:EQT) Declines By 8.2%

EQT Co. (NYSE:EQT) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 20,690,000 shares, a drop of 8.2% from the November 15th total of 22,540,000 shares. Based on an average trading volume of 7,310,000 shares, the short-interest ratio is presently 2.8 days.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EQT shares. Sanford C. Bernstein assumed coverage on shares of EQT in a research report on Friday, December 6th. They set a “market perform” rating and a $50.00 target price for the company. Citigroup lifted their price objective on EQT from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company raised their target price on EQT from $42.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Morgan Stanley upped their price target on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, Stephens boosted their target price on shares of EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.61.

Insider Transactions at EQT

In related news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the sale, the director now owns 201,608 shares of the company’s stock, valued at $9,038,086.64. The trade was a 13.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is owned by insiders.

Hedge Funds Weigh In On EQT

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Davis Investment Partners LLC lifted its holdings in EQT by 1.0% during 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. J.W. Cole Advisors Inc. boosted its holdings in shares of EQT by 7.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 421 shares during the period. SeaBridge Investment Advisors LLC grew its stake in EQT by 1.4% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 30,792 shares of the oil and gas producer’s stock valued at $1,139,000 after buying an additional 431 shares during the last quarter. Ballentine Partners LLC raised its holdings in EQT by 8.4% in the 2nd quarter. Ballentine Partners LLC now owns 6,291 shares of the oil and gas producer’s stock valued at $233,000 after acquiring an additional 486 shares during the period. Finally, Financial Avengers Inc. lifted its position in EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 504 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

EQT Trading Down 1.4 %

Shares of NYSE EQT traded down $0.62 during midday trading on Tuesday, reaching $44.20. 7,056,218 shares of the stock were exchanged, compared to its average volume of 7,154,053. The company has a market capitalization of $26.37 billion, a price-to-earnings ratio of 53.36 and a beta of 1.14. EQT has a 12 month low of $30.02 and a 12 month high of $48.02. 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 business has a 50-day simple moving average of $41.15 and a two-hundred day simple moving average of $37.44.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. EQT’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS. As a group, equities research analysts expect that EQT will post 1.37 EPS for the current year.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.1575 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.43%. EQT’s dividend payout ratio is 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.