EQT (NYSE:EQT) EVP Sarah Fenton Sells 4,876 Shares of Stock
by Kim Johansen · The Markets DailyEQT Corporation (NYSE:EQT – Get Free Report) EVP Sarah Fenton sold 4,876 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $64.49, for a total value of $314,453.24. Following the sale, the executive vice president directly owned 52,953 shares of the company’s stock, valued at approximately $3,414,938.97. The trade was a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Sarah Fenton also recently made the following trade(s):
- On Friday, February 20th, Sarah Fenton sold 3,768 shares of EQT stock. The stock was sold at an average price of $60.37, for a total transaction of $227,474.16.
EQT Stock Performance
Shares of EQT opened at $63.50 on Thursday. The firm has a market cap of $39.68 billion, a P/E ratio of 19.18, a PEG ratio of 0.42 and a beta of 0.72. EQT Corporation has a twelve month low of $43.57 and a twelve month high of $65.68. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 0.76. The firm’s 50 day moving average price is $57.56 and its two-hundred day moving average price is $55.86.
EQT (NYSE:EQT – Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.14. EQT had a net margin of 23.59% and a return on equity of 7.25%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The firm’s revenue was up 24.8% compared to the same quarter last year. On average, analysts forecast that EQT Corporation will post 3.27 EPS for the current fiscal year.
EQT Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, February 17th. EQT’s dividend payout ratio is 19.94%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on EQT shares. Citigroup cut their price target on EQT from $63.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Roth Mkm reissued a “neutral” rating on shares of EQT in a research report on Wednesday, February 18th. Zacks Research upgraded EQT from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. UBS Group reduced their price target on EQT from $76.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, Wells Fargo & Company raised their price target on shares of EQT from $66.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, EQT currently has a consensus rating of “Moderate Buy” and an average price target of $66.36.
Check Out Our Latest Stock Analysis on EQT
Hedge Funds Weigh In On EQT
Hedge funds have recently modified their holdings of the stock. Caxton Associates LLP bought a new position in EQT in the first quarter valued at approximately $256,000. Focus Partners Wealth raised its stake in shares of EQT by 9.0% during the 1st quarter. Focus Partners Wealth now owns 21,637 shares of the oil and gas producer’s stock worth $1,156,000 after purchasing an additional 1,789 shares in the last quarter. Rothschild Investment LLC boosted its holdings in shares of EQT by 1.0% in the 2nd quarter. Rothschild Investment LLC now owns 46,436 shares of the oil and gas producer’s stock valued at $2,708,000 after buying an additional 463 shares during the last quarter. Dorsey Wright & Associates boosted its holdings in shares of EQT by 11.3% in the 2nd quarter. Dorsey Wright & Associates now owns 10,399 shares of the oil and gas producer’s stock valued at $606,000 after buying an additional 1,059 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of EQT in the second quarter valued at $41,000. Institutional investors own 90.81% of the company’s stock.
About EQT
EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.
In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.