EQT Corporation (NYSE:EQT) Director Sells $219,594.04 in Stock

Key Points

• Director Vicky A. Bailey of EQT Corporation sold 4,259 shares of the company's stock, totaling $219,594.04, at an average price of $51.56 on August 6th.
• Q2 earnings revealed that EQT missed analyst estimates, reporting earnings per share of $0.45 instead of the expected $0.52, with revenues of $1.60 billion.
• The company declared a quarterly dividend of $0.1575 per share, with an ex-dividend date also on August 6th, indicating a 1.2% dividend yield.

EQT Corporation (NYSE:EQT - Get Free Report) Director Vicky A. Bailey sold 4,259 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $51.56, for a total value of $219,594.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

EQT Price Performance

EQT stock traded down $0.20 during trading on Thursday, reaching $51.26. 4,371,578 shares of the company were exchanged, compared to its average volume of 8,451,447. EQT Corporation has a 52-week low of $30.25 and a 52-week high of $61.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $31.99 billion, a P/E ratio of 27.71, a PEG ratio of 0.35 and a beta of 0.59. The stock's 50 day moving average price is $55.93 and its 200 day moving average price is $53.17.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The oil and gas producer reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). EQT had a net margin of 15.87% and a return on equity of 6.24%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the firm earned ($0.08) EPS. As a group, analysts predict that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 6th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.2%. EQT's dividend payout ratio is 34.05%.

Hedge Funds Weigh In On EQT

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of EQT by 2.1% during the first quarter. Vanguard Group Inc. now owns 74,039,340 shares of the oil and gas producer's stock valued at $3,955,922,000 after acquiring an additional 1,509,054 shares during the period. Capital International Investors raised its position in EQT by 21.3% during the fourth quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock valued at $638,867,000 after buying an additional 2,433,632 shares during the period. Northern Trust Corp lifted its stake in EQT by 2.0% in the 1st quarter. Northern Trust Corp now owns 5,692,985 shares of the oil and gas producer's stock worth $304,176,000 after acquiring an additional 113,716 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in EQT by 2.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,204,106 shares of the oil and gas producer's stock worth $278,055,000 after acquiring an additional 110,249 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its position in EQT by 10.3% during the first quarter. Neuberger Berman Group LLC now owns 5,191,780 shares of the oil and gas producer's stock valued at $277,397,000 after purchasing an additional 484,671 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Jefferies Financial Group restated a "buy" rating and issued a $70.00 price target (up previously from $60.00) on shares of EQT in a research report on Tuesday, July 8th. Wells Fargo & Company upped their price target on shares of EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Piper Sandler raised their price objective on shares of EQT from $48.00 to $49.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Barclays upped their target price on shares of EQT from $65.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, Mizuho upgraded EQT to an "outperform" rating and set a $66.00 price objective on the stock in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $60.84.

EQT Company Profile

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.

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