Traders Buy EQT Corporation (EQT) on Weakness

Investors purchased shares of EQT Corporation (NYSE:EQT) on weakness during trading on Monday. $272.00 million flowed into the stock on the tick-up and $38.29 million flowed out of the stock on the tick-down, for a money net flow of $233.71 million into the stock. Of all stocks tracked, EQT Corporation had the highest net in-flow for the day. EQT Corporation traded down ($0.60) for the day and closed at $64.58

A number of research analysts recently issued reports on EQT shares. Cowen and Company set a $80.00 price objective on shares of EQT Corporation and gave the company a “buy” rating in a report on Tuesday, July 18th. Royal Bank Of Canada reiterated a “hold” rating and issued a $78.00 price target on shares of EQT Corporation in a report on Thursday, July 20th. BMO Capital Markets set a $70.00 price target on shares of EQT Corporation and gave the company a “buy” rating in a report on Friday, July 28th. KLR Group reiterated a “buy” rating and issued a $102.00 price target (up previously from $101.00) on shares of EQT Corporation in a report on Sunday, July 30th. Finally, TheStreet upgraded shares of EQT Corporation from a “d+” rating to a “c-” rating in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $78.09.

The company has a market cap of $11,298.50, a price-to-earnings ratio of 74.92, a P/E/G ratio of 5.46 and a beta of 0.79. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29.

EQT Corporation (NYSE:EQT) last announced its earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.17. EQT Corporation had a net margin of 1.39% and a return on equity of 1.61%. The business had revenue of $660.30 million during the quarter, compared to analysts’ expectations of $667.05 million. During the same quarter in the prior year, the company posted ($0.26) earnings per share. The firm’s revenue was up 18.6% on a year-over-year basis. equities analysts predict that EQT Corporation will post 0.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.18%. The ex-dividend date is Thursday, November 9th. EQT Corporation’s payout ratio is 57.15%.

In other news, Director A. Bray Jr. Cary purchased 406 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were purchased at an average cost of $65.24 per share, with a total value of $26,487.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of EQT. Aureus Asset Management LLC bought a new stake in EQT Corporation during the second quarter worth $205,000. Pinebridge Investments L.P. bought a new stake in EQT Corporation during the second quarter worth $212,000. Zeke Capital Advisors LLC bought a new stake in EQT Corporation during the third quarter worth $212,000. OppenheimerFunds Inc. bought a new stake in EQT Corporation during the first quarter worth $218,000. Finally, IFP Advisors Inc raised its position in EQT Corporation by 6.4% during the second quarter. IFP Advisors Inc now owns 4,108 shares of the oil and gas producer’s stock worth $241,000 after acquiring an additional 247 shares in the last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

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About EQT Corporation

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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