EQT Co. (NYSE:EQT) Short Interest Up 21.2% in February

EQT Co. (NYSE:EQT) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 20,260,000 shares, an increase of 21.2% from the February 13th total of 16,710,000 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average daily trading volume, of 8,200,000 shares, the short-interest ratio is presently 2.5 days.

Wall Street Analyst Weigh In

EQT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective 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. Wells Fargo & Company increased their price target on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Stephens raised EQT from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $41.00 to $59.00 in a report on Tuesday. Truist Financial increased their target price on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, Morgan Stanley boosted their price target on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.22.

Institutional Investors Weigh In On EQT

Several institutional investors have recently bought and sold shares of EQT. Parkside Financial Bank & Trust raised its position in shares of EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 193 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 205 shares during the period. Wilmington Savings Fund Society FSB increased its stake in shares of EQT by 4.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after acquiring an additional 223 shares during the period. Huntington National Bank lifted its position in EQT by 7.4% in the fourth quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer’s stock worth $151,000 after purchasing an additional 224 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in EQT by 15.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after purchasing an additional 236 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Stock Performance

NYSE EQT traded up $0.89 on Tuesday, hitting $52.55. The stock had a trading volume of 5,468,786 shares, compared to its average volume of 7,278,922. The company’s 50-day moving average is $50.98 and its two-hundred day moving average is $43.85. EQT has a one year low of $30.02 and a one year high of $56.66. The stock has a market cap of $31.40 billion, a price-to-earnings ratio of 131.38, a P/E/G ratio of 0.64 and a beta of 1.12. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, analysts expect that EQT will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is 157.50%.

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.