EQT Co. (NYSE:EQT – Get Free Report) was the recipient of a large growth in short interest in the month of 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 volume of 8,430,000 shares, the days-to-cover ratio is currently 2.6 days.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. BMO Capital Markets increased their price target on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. upped their target price on EQT from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. UBS Group cut their price objective on shares of EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Scotiabank increased their price target 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. Finally, StockNews.com upgraded shares of EQT to a “sell” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.18.
View Our Latest Analysis on EQT
Institutional Trading of EQT
EQT Stock Performance
Shares of EQT stock traded up $0.13 during trading hours on Thursday, hitting $36.81. 659,859 shares of the company were exchanged, compared to its average volume of 7,059,691. EQT has a 52-week low of $30.02 and a 52-week high of $45.23. The firm has a fifty day simple moving average of $34.16 and a 200 day simple moving average of $36.62. The stock has a market capitalization of $16.26 billion, a price-to-earnings ratio of 26.58 and a beta of 1.06. 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 – Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. EQT had a return on equity of 4.52% and a net margin of 12.45%. The firm had revenue of $952.51 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company earned ($0.17) earnings per share. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. Research analysts predict that EQT will post 1.37 earnings per share for the current fiscal year.
EQT Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.71%. 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.
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