SCP Investment LP Sells 15,800 Shares of EQT Co. (NYSE:EQT)

SCP Investment LP lowered its holdings in shares of EQT Co. (NYSE:EQT) by 64.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,800 shares of the oil and gas producer’s stock after selling 15,800 shares during the quarter. SCP Investment LP’s holdings in EQT were worth $406,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quarry LP increased its stake in EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 578 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 205 shares in the last quarter. Financial Avengers Inc. increased its holdings in EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 504 shares during the period. Parkside Financial Bank & Trust raised its position in EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 193 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of EQT during the 4th quarter worth $55,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EQT. StockNews.com raised shares of EQT from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and increased their price target for the company from $48.00 to $57.00 in a research note on Monday, December 16th. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $49.00 price objective on shares of EQT in a research report on Monday, January 6th. Finally, Citigroup boosted their target price on shares of EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $55.11.

EQT Stock Performance

EQT opened at $53.07 on Friday. The stock has a market cap of $31.71 billion, a P/E ratio of 132.68, a P/E/G ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The firm has a fifty day moving average price of $51.38 and a 200 day moving average price of $44.93. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66.

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

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Tuesday, February 18th. EQT’s payout ratio is 157.50%.

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.