EQT Corporation (EQT) Director A. Bray Jr. Cary Acquires 406 Shares
EQT Corporation (NYSE:EQT) Director A. Bray Jr. Cary bought 406 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was 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 can be accessed through the SEC website.
Shares of EQT Corporation (NYSE EQT) traded up 1.18% during trading on Thursday, hitting $64.97. The stock had a trading volume of 2,134,571 shares. EQT Corporation has a 1-year low of $49.63 and a 1-year high of $75.74. The stock’s 50-day moving average price is $62.85 and its 200 day moving average price is $60.30. The firm has a market capitalization of $11.26 billion, a P/E ratio of 2320.36 and a beta of 0.77.
EQT Corporation (NYSE:EQT) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas producer reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $631.10 million during the quarter, compared to analyst estimates of $642.21 million. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. EQT Corporation’s revenue was up 720.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.35) EPS. On average, analysts anticipate that EQT Corporation will post $0.91 earnings per share for the current year.
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Large investors have recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd purchased a new stake in shares of EQT Corporation in the 1st quarter worth $110,000. Invictus RG purchased a new stake in EQT Corporation in the 1st quarter worth $119,000. Pacer Advisors Inc. increased its stake in EQT Corporation by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock worth $199,000 after buying an additional 99 shares in the last quarter. Aureus Asset Management LLC purchased a new stake in EQT Corporation in the 2nd quarter worth $205,000. Finally, OppenheimerFunds Inc. purchased a new stake in EQT Corporation in the 1st quarter worth $218,000. Hedge funds and other institutional investors own 90.55% of the company’s stock.
A number of analysts have issued reports on the company. BMO Capital Markets reissued a “buy” rating and issued a $75.00 target price on shares of EQT Corporation in a research report on Friday, September 1st. Royal Bank Of Canada downgraded EQT Corporation from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $86.00 to $80.00 in a research report on Wednesday, July 5th. Scotiabank set a $79.00 target price on EQT Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. TheStreet raised EQT Corporation from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. Finally, Seaport Global Securities raised EQT Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $57.00 to $79.00 in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. EQT Corporation has a consensus rating of “Buy” and an average target price of $80.09.
EQT Corporation Company Profile
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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