GeoSphere Capital Management LLC Acquires 55,000 Shares of EQT Co. (NYSE:EQT)

GeoSphere Capital Management LLC lifted its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 42.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 185,000 shares of the oil and gas producer's stock after buying an additional 55,000 shares during the quarter. EQT comprises about 4.0% of GeoSphere Capital Management LLC's holdings, making the stock its 2nd biggest holding. GeoSphere Capital Management LLC's holdings in EQT were worth $8,530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of EQT. Mirae Asset Global Investments Co. Ltd. raised its stake in EQT by 44.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer's stock valued at $2,379,000 after purchasing an additional 16,416 shares during the last quarter. D.A. Davidson & CO. increased its stake in EQT by 13.4% during the fourth quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer's stock worth $298,000 after acquiring an additional 762 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in EQT by 15.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer's stock valued at $1,914,000 after buying an additional 5,489 shares in the last quarter. Howard Financial Services LTD. purchased a new stake in EQT during the 4th quarter worth $223,000. Finally, Segment Wealth Management LLC acquired a new stake in shares of EQT in the fourth quarter valued at about $1,735,000. Institutional investors and hedge funds own 90.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on EQT shares. The Goldman Sachs Group reaffirmed a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Wells Fargo & Company boosted their price target on EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Piper Sandler reduced their price objective on EQT from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. StockNews.com lowered shares of EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Finally, Stephens reduced their price target on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $55.94.

EQT Trading Up 2.0%

Shares of EQT stock traded up $1.10 on Tuesday, reaching $55.59. The company had a trading volume of 1,022,429 shares, compared to its average volume of 7,884,424. The stock has a market cap of $33.28 billion, a PE ratio of 138.44, a PEG ratio of 0.64 and a beta of 0.59. The company has a 50-day moving average of $50.90 and a 200-day moving average of $48.38. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, equities analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Wednesday, May 7th. EQT's payout ratio is 110.53%.

About EQT

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.