Lee T. Todd, Jr. Sells 500 Shares of EQT Corp. (EQT) Stock
EQT Corp. (NYSE:EQT) Director Lee T. Todd, Jr. sold 500 shares of the company’s stock in a transaction on Tuesday, January 5th. The shares were sold at an average price of C$53.31, for a total value of C$26,655.00. Following the completion of the sale, the director now owns 1,700 shares of the company’s stock, valued at approximately C$90,627. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
EQT Corp. (NYSE:EQT) opened at 72.86 on Friday. The firm’s market capitalization is $12.59 billion. The firm has a 50-day moving average price of $72.06 and a 200 day moving average price of $71.67. EQT Corp. has a 12 month low of $47.10 and a 12 month high of $80.61.
EQT Corp. (NYSE:EQT) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.35) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.06. EQT Corp. had a negative return on equity of 1.27% and a negative net margin of 18.74%. The firm earned $127.53 million during the quarter, compared to analysts’ expectations of $461.53 million. During the same period last year, the firm posted ($0.06) EPS. The business’s revenue was down 71.0% on a year-over-year basis. On average, equities analysts forecast that EQT Corp. will post ($0.64) EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mizuho Asset Management Co. Ltd. increased its stake in shares of EQT Corp. by 116.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,280 shares of the company’s stock valued at $177,000 after buying an additional 1,229 shares in the last quarter. Independent Portfolio Consultants Inc. bought a new stake in shares of EQT Corp. during the third quarter valued at $182,000. Euclid Advisors LLC bought a new stake in shares of EQT Corp. during the second quarter valued at $183,000. IFP Advisors Inc increased its stake in shares of EQT Corp. by 2.1% in the first quarter. IFP Advisors Inc now owns 2,860 shares of the company’s stock valued at $192,000 after buying an additional 60 shares in the last quarter. Finally, Capital Guardian Trust Co. increased its stake in shares of EQT Corp. by 1,304.3% in the second quarter. Capital Guardian Trust Co. now owns 2,584 shares of the company’s stock valued at $200,000 after buying an additional 2,400 shares in the last quarter. 87.73% of the stock is currently owned by institutional investors.
Several analysts have recently weighed in on EQT shares. Stifel Nicolaus upgraded EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Friday, August 26th. Deutsche Bank AG lowered EQT Corp. from a “buy” rating to a “hold” rating and cut their price objective for the company from $81.00 to $79.00 in a report on Monday, June 13th. GMP Securities started coverage on EQT Corp. in a report on Wednesday, September 28th. They issued a “buy” rating and a $92.00 price objective for the company. Zacks Investment Research lowered EQT Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, KLR Group restated a “buy” rating and issued a $95.00 price objective (down previously from $100.00) on shares of EQT Corp. in a report on Monday, August 1st. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. EQT Corp. currently has a consensus rating of “Hold” and an average target price of C$78.78.
EQT Corp. Company Profile
EQT Corporation (EQT) is an energy company. The Company operates through two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play.
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