EQT Co. (NYSE:EQT) Short Interest Up 11.9% in September

EQT Co. (NYSE:EQT) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 21,600,000 shares, a growth of 11.9% from the September 15th total of 19,300,000 shares. Based on an average daily trading volume, of 8,430,000 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Trading of EQT

Hedge funds have recently modified their holdings of the stock. Park Avenue Securities LLC lifted its stake in EQT by 3.8% in the first quarter. Park Avenue Securities LLC now owns 8,153 shares of the oil and gas producer’s stock worth $302,000 after acquiring an additional 300 shares during the last quarter. Davis Investment Partners LLC lifted its holdings in EQT by 1.0% during the 3rd quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock worth $1,137,000 after buying an additional 317 shares during the last quarter. Czech National Bank boosted its position in shares of EQT by 0.5% during the 1st quarter. Czech National Bank now owns 72,374 shares of the oil and gas producer’s stock worth $2,683,000 after acquiring an additional 332 shares in the last quarter. Motley Fool Asset Management LLC raised its position in shares of EQT by 5.1% during the 1st quarter. Motley Fool Asset Management LLC now owns 6,861 shares of the oil and gas producer’s stock worth $254,000 after acquiring an additional 336 shares in the last quarter. Finally, Hancock Whitney Corp boosted its stake in EQT by 3.0% in the first quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer’s stock valued at $541,000 after acquiring an additional 419 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of research reports. Scotiabank raised their target price on shares of EQT from $54.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 12th. StockNews.com raised EQT to a “sell” rating in a research report on Friday, July 26th. Piper Sandler lowered EQT from an “overweight” rating to a “neutral” rating and cut their target price for the company from $43.00 to $32.00 in a research note on Thursday, August 15th. Citigroup upgraded shares of EQT from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $37.00 to $44.00 in a research note on Thursday, October 3rd. Finally, UBS Group lowered their price target on EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.18.

EQT Trading Up 0.4 %

EQT stock traded up $0.13 during trading on Thursday, reaching $36.81. 659,859 shares of the stock were exchanged, compared to its average volume of 7,059,691. EQT has a 1 year low of $30.02 and a 1 year high of $45.23. The firm has a market capitalization of $16.26 billion, a price-to-earnings ratio of 26.58 and a beta of 1.06. The business has a 50 day moving average price of $34.16 and a 200-day moving average price of $36.62. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. The business had revenue of $952.51 million during the quarter, compared to analysts’ expectations of $1.06 billion. EQT had a return on equity of 4.52% and a net margin of 12.45%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.17) EPS. On average, research analysts predict that EQT will post 1.37 earnings per share for the current year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.71%. The ex-dividend date is Wednesday, November 6th. EQT’s dividend payout ratio is currently 45.65%.

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.