EQT Co. (NYSE:EQT - Get Free Report) was the recipient of unusually large options trading activity on Monday. Investors bought 34,862 call options on the stock. This represents an increase of 71% compared to the average volume of 20,418 call options.
EQT Stock Performance
Shares of EQT stock traded up $1.46 on Monday, hitting $53.31. The stock had a trading volume of 4,506,973 shares, compared to its average volume of 8,674,698. EQT has a twelve month low of $30.02 and a twelve month high of $56.66. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock has a market cap of $31.91 billion, a price-to-earnings ratio of 133.30, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The business's 50 day moving average is $50.27 and its two-hundred day moving average is $47.65.
EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Analysts forecast that EQT will post 3.27 EPS for the current year.
EQT Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be issued a dividend of $0.1575 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.18%. EQT's dividend payout ratio (DPR) is currently 110.53%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. grew its stake in shares of EQT by 47.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock worth $44,000 after purchasing an additional 310 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 205 shares during the period. Parkside Financial Bank & Trust lifted its stake in EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after buying an additional 193 shares during the period. Stonebridge Financial Group LLC acquired a new stake in shares of EQT during the 4th quarter worth approximately $55,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of EQT during the 4th quarter valued at $55,000. Institutional investors own 90.81% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on EQT shares. TD Cowen upgraded EQT from a "hold" rating to a "buy" rating and set a $54.00 price target for the company in a research note on Tuesday, April 8th. Truist Financial boosted their target price on EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. StockNews.com downgraded EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Sanford C. Bernstein upgraded shares of EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company raised their target price on shares of EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, EQT presently has a consensus rating of "Moderate Buy" and an average target price of $55.94.
Check Out Our Latest Report on EQT
EQT Company Profile
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider EQT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EQT wasn't on the list.
While EQT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
