Advisory Research Inc. maintained its position in EQT Corporation (NYSE:EQT) during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 556,168 shares of the oil and gas producer’s stock at the close of the second quarter. Advisory Research Inc. owned 0.32% of EQT Corporation worth $33,982,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in EQT Corporation by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock worth $199,000 after acquiring an additional 99 shares in the last quarter. Nordea Investment Management AB grew its holdings in EQT Corporation by 1.4% during the 1st quarter. Nordea Investment Management AB now owns 10,082 shares of the oil and gas producer’s stock worth $616,000 after acquiring an additional 136 shares in the last quarter. IFP Advisors Inc grew its holdings in EQT Corporation by 6.4% during the 2nd quarter. IFP Advisors Inc now owns 4,108 shares of the oil and gas producer’s stock worth $241,000 after acquiring an additional 247 shares in the last quarter. D.A. Davidson & CO. grew its holdings in EQT Corporation by 14.2% during the 2nd quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock worth $339,000 after acquiring an additional 721 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in EQT Corporation by 8.9% during the 1st quarter. Amalgamated Bank now owns 10,685 shares of the oil and gas producer’s stock worth $653,000 after acquiring an additional 869 shares in the last quarter. Hedge funds and other institutional investors own 90.55% of the company’s stock.
In other news, Director A. Bray Jr. Cary acquired 406 shares of EQT Corporation stock in a transaction on Monday, October 2nd. The stock was bought at an average price of $65.24 per share, for a total transaction of $26,487.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.
EQT has been the topic of several recent research reports. BidaskClub upgraded shares of EQT Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. Scotiabank reiterated a “neutral” rating on shares of EQT Corporation in a report on Monday, June 19th. BMO Capital Markets upgraded shares of EQT Corporation from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Tuesday, June 20th. Morgan Stanley dropped their target price on shares of EQT Corporation from $61.00 to $56.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 21st. Finally, KLR Group reiterated a “buy” rating and set a $102.00 target price (up from $92.00) on shares of EQT Corporation in a report on Monday, June 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $79.60.
Shares of EQT Corporation (NYSE:EQT) traded down 2.21% during trading on Friday, reaching $63.61. 5,028,964 shares of the company traded hands. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 2271.79 and a beta of 0.77. EQT Corporation has a 1-year low of $49.63 and a 1-year high of $75.74. The stock’s 50 day moving average is $63.05 and its 200 day moving average is $60.37.
EQT Corporation (NYSE:EQT) last posted its earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. The firm had revenue of $631.10 million during the quarter, compared to analysts’ expectations of $642.21 million. During the same quarter in the previous year, the business earned ($0.35) earnings per share. The firm’s revenue was up 720.1% compared to the same quarter last year. On average, analysts forecast that EQT Corporation will post $0.91 EPS for the current year.
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EQT Corporation Profile
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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