Laurel Wealth Advisors LLC Buys 12,950 Shares of EQT Corporation $EQT

Laurel Wealth Advisors LLC purchased a new stake in shares of EQT Corporation (NYSE:EQT) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 12,950 shares of the oil and gas producer’s stock, valued at approximately $629,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in EQT in the 2nd quarter worth $26,000. Community Bank N.A. boosted its position in EQT by 198.9% in the 2nd quarter. Community Bank N.A. now owns 523 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 348 shares during the last quarter. Anchor Investment Management LLC boosted its position in EQT by 76.0% in the 2nd quarter. Anchor Investment Management LLC now owns 528 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 228 shares during the last quarter. Wedbush Fund Advisers LLC grew its stake in shares of EQT by 251.8% during the second quarter. Wedbush Fund Advisers LLC now owns 577 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 413 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new stake in shares of EQT during the second quarter valued at about $32,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Trading Up 0.0%

EQT opened at $56.27 on Thursday. EQT Corporation has a 12-month low of $47.94 and a 12-month high of $68.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $35.20 billion, a PE ratio of 13.06 and a beta of 0.66. The firm’s fifty day moving average price is $53.16 and its 200 day moving average price is $55.46.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, October 27th. The oil and gas producer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.05. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.76 billion. EQT had a net margin of 28.44% and a return on equity of 9.31%. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. As a group, research analysts expect that EQT Corporation will post 3.91 EPS for the current fiscal year.

EQT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 4th will be paid a $0.17 dividend. This is a boost from EQT’s previous quarterly dividend of $0.1650. The ex-dividend date is Wednesday, November 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. EQT’s dividend payout ratio (DPR) is currently 15.78%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Stephens lifted their target price on EQT from $71.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday. UBS Group cut their price target on EQT from $76.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday. Zacks Research raised EQT from a “strong sell” rating to a “hold” rating in a report on Thursday, August 27th. Wells Fargo & Company lowered their price objective on EQT from $79.00 to $71.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Jefferies Financial Group lowered their price objective on EQT from $75.00 to $73.00 and set a “buy” rating for the company in a research note on Tuesday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.78.

Insider Activity at EQT

In other news, CEO Toby Rice sold 175,328 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $55.03, for a total transaction of $9,648,299.84. Following the transaction, the chief executive officer owned 2,157,865 shares of the company’s stock, valued at approximately $118,747,310.95. This trade represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.72% of the company’s stock.

EQT News Roundup

Here are the key news stories impacting EQT this week:

• Positive Sentiment: EQT’s proposed all-stock acquisition of Range Resources would create a natural-gas producer valued at more than $50 billion. Management expects greater scale, cost savings and stronger free cash flow, potentially improving EQT’s competitive position in the U.S. gas market. EQT to Acquire Range Resources, Create a Leading Natural Gas Company
• Positive Sentiment: Third-quarter adjusted earnings of $0.42 per share exceeded analyst expectations of approximately $0.37-$0.38, helped by lower operating costs and capital discipline. Revenue of $1.77 billion also slightly surpassed estimates of $1.76 billion. EQT Q3 Earnings Beat Estimates on Lower Operating Costs, Revenues Miss
• Positive Sentiment: Freedom Broker maintained a “buy” rating while lowering its price target from $81 to $77, implying substantial potential upside from recent trading levels. Freedom Broker price target
• Neutral Sentiment: Wells Fargo reduced its target from $79 to $71 but retained an “overweight” rating, indicating continued confidence despite more cautious valuation assumptions. Wells Fargo price target
• Negative Sentiment: Quarterly revenue declined 9.6% year over year, earnings fell from $0.52 per share in the prior-year period, and lower gas volumes and cash flow remain concerns. The Range transaction also includes a potentially significant $1.148 billion reverse termination fee, adding execution and financial risk. EQT Range Resources termination fee
• Negative Sentiment: Scotiabank lowered its target from $54 to $53 and kept a “sector perform” rating, reflecting limited near-term upside in its view. Scotiabank price target

EQT Profile

EQT Corporation is a natural gas exploration and production company headquartered in Pittsburgh, Pennsylvania. The company develops and operates unconventional oil and gas properties, with a primary focus on natural gas and natural gas liquids produced from shale formations.

EQT’s operations are concentrated in the Appalachian Basin, particularly the Marcellus and Utica shale formations in Pennsylvania, West Virginia and Ohio. Its activities include drilling, completion, production and management of natural gas wells, along with related gathering and infrastructure operations that support the transportation of its products to market.

The company traces its roots to Equitable Gas, founded in 1878, and has evolved through multiple stages of expansion and restructuring in the U.S.