EQT Co. (NYSE:EQT) Short Interest Update

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 volume of 8,200,000 shares, the days-to-cover ratio is presently 2.5 days.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EQT shares. Citigroup boosted their price target on shares of EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley boosted their price target on shares of EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Wells Fargo & Company boosted their price target on shares of EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday. Piper Sandler upped their price objective on shares of EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, March 6th. Finally, UBS Group upped their price objective on shares of EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

Hedge Funds Weigh In On EQT

Hedge funds have recently modified their holdings of the business. Truvestments Capital LLC acquired a new stake in EQT in the 3rd quarter valued at about $30,000. Quarry LP grew its stake in shares of EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of EQT in the 3rd quarter valued at approximately $36,000. Financial Avengers Inc. grew its holdings in EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 504 shares during the period. Finally, University of Texas Texas AM Investment Management Co. grew its holdings in EQT by 47.7% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock worth $44,000 after acquiring an additional 310 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Trading Up 1.9 %

EQT stock opened at $53.54 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT has a 12 month low of $30.02 and a 12 month high of $56.66. The stock’s 50 day simple moving average is $51.07 and its two-hundred day simple moving average is $43.92. The firm has a market cap of $31.99 billion, a PE ratio of 133.85, a P/E/G ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. Analysts anticipate that EQT will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

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 1.18%. The ex-dividend date was Tuesday, February 18th. EQT’s dividend payout ratio is presently 157.50%.

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.