Lesley Evancho Sells 46,884 Shares of EQT Co. (NYSE:EQT) Stock

EQT Co. (NYSE:EQTGet Free Report) insider Lesley Evancho sold 46,884 shares of EQT stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $41.29, for a total value of $1,935,840.36. Following the completion of the transaction, the insider now owns 160,884 shares of the company’s stock, valued at $6,642,900.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

EQT Trading Down 0.2 %

NYSE EQT opened at $41.10 on Friday. EQT Co. has a twelve month low of $32.07 and a twelve month high of $45.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 29.78 and a beta of 1.09. The firm’s 50 day moving average price is $38.83 and its two-hundred day moving average price is $37.65.

EQT (NYSE:EQTGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.17. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.58 billion. EQT had a net margin of 10.96% and a return on equity of 4.57%. The company’s quarterly revenue was down 28.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.70 EPS. Equities analysts anticipate that EQT Co. will post 1.03 EPS for the current year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 8th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Tuesday, May 7th. EQT’s payout ratio is presently 45.65%.

Wall Street Analysts Forecast Growth

EQT has been the subject of a number of research reports. The Goldman Sachs Group decreased their price target on EQT from $48.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $37.00 price target (down from $39.00) on shares of EQT in a research note on Wednesday, March 20th. Sanford C. Bernstein upgraded EQT from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $27.00 to $34.00 in a research note on Wednesday, April 10th. Stephens raised their target price on shares of EQT from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. Finally, StockNews.com raised shares of EQT to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $44.94.

Check Out Our Latest Report on EQT

Institutional Investors Weigh In On EQT

Several institutional investors and hedge funds have recently modified their holdings of EQT. Private Wealth Management Group LLC acquired a new stake in shares of EQT in the 4th quarter valued at $30,000. BKM Wealth Management LLC acquired a new position in EQT during the 4th quarter worth $40,000. Principal Securities Inc. acquired a new position in EQT during the 4th quarter worth $51,000. First Command Advisory Services Inc. acquired a new position in EQT during the 3rd quarter worth $54,000. Finally, EntryPoint Capital LLC acquired a new position in EQT during the 1st quarter worth $54,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

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.

Further Reading

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