Friedenthal Financial Purchases 17,118 Shares of EQT Corporation (NYSE:EQT)

Friedenthal Financial grew its position in shares of EQT Corporation (NYSE:EQT - Free Report) by 8,309.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,324 shares of the oil and gas producer's stock after buying an additional 17,118 shares during the quarter. Friedenthal Financial's holdings in EQT were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. lifted its holdings in 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 valued at $44,000 after buying an additional 310 shares during the period. EverSource Wealth Advisors LLC raised its holdings in EQT by 26.6% in 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 raised its holdings 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 worth $48,000 after purchasing an additional 193 shares during the period. Mascagni Wealth Management Inc. acquired a new stake in EQT in the fourth quarter worth $55,000. Finally, First Horizon Advisors Inc. raised its holdings in EQT by 33.1% in the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock worth $55,000 after purchasing an additional 298 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. TD Cowen raised shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price target on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Mizuho lifted their price target on shares of EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Finally, Wall Street Zen lowered shares of EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Two investment 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 data from MarketBeat.com, EQT presently has a consensus rating of "Moderate Buy" and an average target price of $57.39.

EQT Price Performance

EQT stock opened at $59.40 on Thursday. The company has a fifty day moving average price of $53.72 and a 200-day moving average price of $50.88. The company has a market capitalization of $35.56 billion, a P/E ratio of 104.21, a PEG ratio of 0.36 and a beta of 0.65. EQT Corporation has a 52-week low of $30.02 and a 52-week high of $60.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.20. EQT had a net margin of 6.59% and a return on equity of 5.52%. The company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. As a group, equities analysts expect that EQT Corporation will post 3.27 EPS for the current 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 paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Wednesday, May 7th. EQT's dividend payout ratio (DPR) is 110.53%.

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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