Atom Investors LP Makes New Investment in EQT Co. (NYSE:EQT)

Atom Investors LP bought a new stake in shares of EQT Co. (NYSE:EQT) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 145,505 shares of the oil and gas producer’s stock, valued at approximately $5,331,000.

Other hedge funds have also recently made changes to their positions in the company. HM Payson & Co. purchased a new stake in EQT in the 3rd quarter valued at about $25,000. Innealta Capital LLC purchased a new stake in shares of EQT in the second quarter valued at approximately $28,000. Truvestments Capital LLC bought a new position in EQT in the third quarter worth approximately $30,000. Hexagon Capital Partners LLC increased its holdings in EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 904 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new stake in EQT during the 3rd quarter valued at $36,000. 90.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EQT has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price target on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. Stephens raised their target price on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Truist Financial upped their price target on shares of EQT from $32.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company increased their price objective on shares of EQT from $42.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, BMO Capital Markets boosted their price objective on shares of EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, EQT currently has an average rating of “Moderate Buy” and a consensus target price of $44.67.

EQT Stock Performance

Shares of EQT stock opened at $45.44 on Monday. The company has a 50 day moving average price of $39.35 and a 200 day moving average price of $37.15. The firm has a market capitalization of $27.11 billion, a P/E ratio of 54.10 and a beta of 1.06. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT Co. has a 52 week low of $30.02 and a 52 week high of $48.02.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.30 earnings per share. Sell-side analysts expect that EQT Co. will post 1.36 EPS for the current year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.39%. EQT’s payout ratio is presently 75.00%.

EQT 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.