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Stock Traders Purchase Large Volume of Call Options on EQT (NYSE:EQT)

EQT logo with Energy background

EQT Corporation (NYSE:EQT - Get Free Report) was the target of some unusual options trading on Monday. Investors bought 39,177 call options on the stock. This is an increase of 126% compared to the typical volume of 17,303 call options.

Hedge Funds Weigh In On EQT

Several institutional investors have recently bought and sold shares of the business. Invesco Ltd. raised its position in shares of EQT by 46.3% during the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock worth $606,059,000 after acquiring an additional 4,162,065 shares during the last quarter. Slate Path Capital LP bought a new stake in shares of EQT during the fourth quarter worth $123,575,000. Castle Hook Partners LP raised its position in shares of EQT by 199.5% during the fourth quarter. Castle Hook Partners LP now owns 3,990,714 shares of the oil and gas producer's stock worth $184,012,000 after acquiring an additional 2,658,375 shares during the last quarter. Capital International Investors raised its position in shares of 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 worth $638,867,000 after acquiring an additional 2,433,632 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of EQT during the first quarter worth $120,252,000. Institutional investors own 90.81% of the company's stock.

Analyst Upgrades and Downgrades

EQT has been the subject of several analyst reports. UBS Group raised EQT from a "neutral" rating to a "buy" rating and upped their target price for the company from $54.00 to $64.00 in a report on Monday, May 5th. TD Cowen raised EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective for the company in a research note on Tuesday, April 8th. Roth Capital initiated coverage on EQT in a research note on Tuesday, June 24th. They set a "buy" rating and a $69.00 price target for the company. Jefferies Financial Group reaffirmed a "buy" rating and set a $70.00 price target (up from $60.00) on shares of EQT in a research note on Tuesday, July 8th. Finally, Barclays initiated coverage on EQT in a report on Monday, July 7th. They set an "overweight" rating and a $65.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.15.

Read Our Latest Stock Report on EQT

EQT Price Performance

EQT stock traded up $3.00 during trading on Monday, hitting $58.33. The company had a trading volume of 9,981,847 shares, compared to its average volume of 8,068,705. The company has a fifty day moving average price of $56.14 and a two-hundred day moving average price of $52.50. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33. The company has a market cap of $34.93 billion, a P/E ratio of 102.33, a P/E/G ratio of 0.35 and a beta of 0.65. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $61.02.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 5.52% and a net margin of 6.59%. Equities research analysts expect that EQT will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were given a $0.1575 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.08%. EQT's payout ratio is 110.53%.

About EQT

(Get Free Report)

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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