EQT Co. (NYSE:EQT) Short Interest Update

EQT Co. (NYSE:EQTGet Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 20,480,000 shares, a growth of 11.7% from the August 15th total of 18,330,000 shares. Based on an average daily volume of 8,200,000 shares, the short-interest ratio is currently 2.5 days.

Institutional Trading of EQT

Several institutional investors and hedge funds have recently bought and sold shares of EQT. Sanctuary Advisors LLC bought a new stake in EQT in the 2nd quarter valued at $1,260,000. Strategic Investment Solutions Inc. IL bought a new position in shares of EQT in the second quarter valued at about $67,000. Clearbridge Investments LLC grew its position in shares of EQT by 2.9% in the second quarter. Clearbridge Investments LLC now owns 9,084,686 shares of the oil and gas producer’s stock valued at $335,952,000 after purchasing an additional 253,186 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of EQT by 5.8% during the second quarter. Cetera Investment Advisers now owns 64,870 shares of the oil and gas producer’s stock worth $2,399,000 after purchasing an additional 3,536 shares during the period. Finally, Truist Financial Corp increased its stake in shares of EQT by 18.0% during the second quarter. Truist Financial Corp now owns 21,399 shares of the oil and gas producer’s stock worth $791,000 after purchasing an additional 3,261 shares during the period. Institutional investors own 90.81% of the company’s stock.

EQT Trading Down 0.8 %

NYSE EQT opened at $33.27 on Wednesday. The company has a market cap of $14.69 billion, a PE ratio of 24.11 and a beta of 1.06. EQT has a 12 month low of $30.02 and a 12 month high of $45.23. The stock has a 50 day moving average of $33.44 and a 200-day moving average of $36.50. 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:EQTGet Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. The firm had revenue of $952.51 million during the quarter, compared to analysts’ expectations of $1.06 billion. EQT had a net margin of 12.45% and a return on equity of 4.52%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.17) earnings per share. On average, equities research analysts anticipate that EQT will post 1.44 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Wednesday, August 7th. EQT’s dividend payout ratio (DPR) is presently 45.65%.

Analysts Set New Price Targets

EQT has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of EQT from $42.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Wells Fargo & Company raised shares of EQT from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $40.00 to $42.00 in a research report on Wednesday, August 14th. Morgan Stanley reaffirmed an “overweight” rating and issued a $45.00 price objective on shares of EQT in a research report on Friday, September 13th. Jefferies Financial Group increased their target price on EQT from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Finally, Piper Sandler lowered EQT from an “overweight” rating to a “neutral” rating and cut their price target for the company from $43.00 to $32.00 in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, EQT currently has a consensus rating of “Hold” and a consensus target price of $43.71.

View Our Latest Analysis on EQT

EQT Company Profile

(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.

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