Toby Rice Sells 1,731 Shares of EQT (NYSE:EQT) Stock

EQT Corporation (NYSE:EQT) CEO Toby Rice sold 1,731 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $53.46, for a total transaction of $92,539.26. Following the sale, the chief executive officer directly owned 2,333,193 shares in the company, valued at $124,732,497.78. The trade was a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

EQT Trading Up 0.0%

EQT opened at $52.71 on Thursday. EQT Corporation has a fifty-two week low of $48.47 and a fifty-two week high of $68.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $32.97 billion, a price-to-earnings ratio of 10.00 and a beta of 0.55. The company’s 50 day moving average price is $57.41 and its two-hundred day moving average price is $57.63.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, April 21st. The oil and gas producer reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.32. EQT had a net margin of 31.94% and a return on equity of 9.74%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the firm posted $1.18 EPS. As a group, research analysts predict that EQT Corporation will post 4.7 earnings per share for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 6th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, May 6th. EQT’s payout ratio is presently 12.52%.

Analyst Ratings Changes

EQT has been the topic of a number of analyst reports. Evercore upped their price objective on shares of EQT from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Sanford C. Bernstein reduced their price objective on shares of EQT from $73.00 to $69.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. TD Securities raised shares of EQT to a “strong-buy” rating in a research note on Friday, February 20th. The Goldman Sachs Group reduced their price objective on shares of EQT from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Finally, Weiss Ratings raised shares of EQT from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, EQT presently has a consensus rating of “Moderate Buy” and an average target price of $68.83.

Institutional Investors Weigh In On EQT

A number of institutional investors have recently modified their holdings of the company. Westpac Banking Corp boosted its stake in shares of EQT by 6.6% in the 3rd quarter. Westpac Banking Corp now owns 2,671 shares of the oil and gas producer’s stock valued at $145,000 after purchasing an additional 165 shares during the last quarter. Parallel Advisors LLC boosted its stake in EQT by 1.0% during the fourth quarter. Parallel Advisors LLC now owns 19,075 shares of the oil and gas producer’s stock worth $1,022,000 after acquiring an additional 198 shares in the last quarter. Root Financial Partners LLC boosted its stake in EQT by 35.4% during the first quarter. Root Financial Partners LLC now owns 773 shares of the oil and gas producer’s stock worth $49,000 after acquiring an additional 202 shares in the last quarter. Rothschild Investment LLC boosted its stake in EQT by 0.5% during the fourth quarter. Rothschild Investment LLC now owns 46,582 shares of the oil and gas producer’s stock worth $2,497,000 after acquiring an additional 215 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in EQT by 4.0% during the first quarter. EverSource Wealth Advisors LLC now owns 6,154 shares of the oil and gas producer’s stock worth $392,000 after acquiring an additional 236 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

EQT Company Profile

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.