EQT Co. (NYSE:EQT) Shares Bought by GeoSphere Capital Management LLC

GeoSphere Capital Management LLC grew its position in shares of EQT Co. (NYSE:EQT) by 42.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 185,000 shares of the oil and gas producer’s stock after buying an additional 55,000 shares during the quarter. EQT makes up approximately 4.0% of GeoSphere Capital Management LLC’s portfolio, making the stock its 2nd largest holding. GeoSphere Capital Management LLC’s holdings in EQT were worth $8,530,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. grew its position in EQT by 46.3% during the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer’s stock worth $606,059,000 after purchasing an additional 4,162,065 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of EQT by 386.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer’s stock valued at $205,830,000 after purchasing an additional 3,454,741 shares during the period. Slate Path Capital LP purchased a new stake in shares of EQT during the fourth quarter worth approximately $123,575,000. Castle Hook Partners LP raised its stake in shares of EQT by 199.5% during the fourth quarter. Castle Hook Partners LP now owns 3,990,714 shares of the oil and gas producer’s stock worth $184,012,000 after purchasing an additional 2,658,375 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of EQT during the fourth quarter worth $113,924,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

EQT has been the subject of a number of analyst reports. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Piper Sandler cut their price target on shares of EQT from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Morgan Stanley lifted their price objective on EQT from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Citigroup increased their target price on EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. Finally, StockNews.com downgraded EQT from a “hold” rating to a “sell” rating in a research note on Monday, April 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, EQT presently has an average rating of “Moderate Buy” and a consensus price target of $55.94.

EQT Stock Up 3.5 %

Shares of NYSE EQT opened at $55.28 on Friday. The firm’s 50-day moving average is $50.81 and its two-hundred day moving average is $48.10. The company has a market capitalization of $33.09 billion, a PE ratio of 138.20, a price-to-earnings-growth ratio of 0.64 and a beta of 0.59. EQT Co. has a 12-month low of $30.02 and a 12-month high of $56.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. Equities analysts anticipate that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT’s payout ratio is 110.53%.

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.