EQT Sees Unusually High Options Volume (NYSE:EQT)

EQT Co. (NYSE:EQT) was the target of unusually large options trading on Wednesday. Stock traders acquired 11,978 call options on the company. This represents an increase of approximately 41% compared to the typical daily volume of 8,521 call options.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EQT shares. Mizuho lifted their price target on EQT from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday. Truist Financial reduced their price target on shares of EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Wells Fargo & Company raised EQT from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $42.00 in a report on Wednesday, August 14th. UBS Group increased their price objective on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Citigroup raised shares of EQT from a “neutral” rating to a “buy” rating and boosted their target price for the company from $37.00 to $44.00 in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, EQT presently has an average rating of “Moderate Buy” and an average price target of $42.83.

EQT Price Performance

Shares of EQT stock opened at $40.20 on Thursday. The business’s fifty day moving average price is $35.56 and its 200 day moving average price is $36.64. EQT has a twelve month low of $30.02 and a twelve month high of $42.44. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $17.75 billion, a P/E ratio of 47.86 and a beta of 1.06.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the company posted $0.30 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. As a group, research analysts anticipate that EQT will post 1.42 earnings per share for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be issued a dividend of $0.1575 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.57%. EQT’s payout ratio is 75.00%.

Institutional Trading of EQT

Several large investors have recently added to or reduced their stakes in EQT. HM Payson & Co. purchased a new stake in shares of EQT in the third quarter worth about $25,000. Innealta Capital LLC acquired a new position in shares of EQT during the second quarter worth $28,000. Hexagon Capital Partners LLC boosted its stake in shares of EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 904 shares during the period. Blue Trust Inc. grew its holdings in EQT by 149.5% during the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 598 shares in the last quarter. Finally, Wolff Wiese Magana LLC increased its stake in EQT by 936.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 908 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

About EQT

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.