EQT Sees Unusually Large Options Volume (NYSE:EQT)

EQT Co. (NYSE:EQT) saw unusually large options trading activity on Monday. Stock traders purchased 41,320 put options on the stock. This represents an increase of 113% compared to the average daily volume of 19,368 put options.

Wall Street Analysts Forecast Growth

EQT has been the subject of several recent research reports. Truist Financial increased their price target on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. Citigroup upped their target price on shares of EQT from $51.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 17th. Wells Fargo & Company upped their price objective on shares of EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Finally, The Goldman Sachs Group reiterated a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $55.39.

Institutional Trading of EQT

A number of hedge funds and other institutional investors have recently made changes to their positions in EQT. University of Texas Texas AM Investment Management Co. lifted its position in EQT by 47.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock worth $44,000 after purchasing an additional 310 shares during the period. EverSource Wealth Advisors LLC grew its holdings in EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after acquiring an additional 205 shares during the period. Parkside Financial Bank & Trust lifted its holdings in EQT by 22.7% in 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 acquiring an additional 193 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of EQT during the 4th quarter valued at about $55,000. Finally, First Horizon Advisors Inc. grew its stake in shares of EQT by 33.1% in the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer’s stock worth $55,000 after purchasing an additional 298 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

EQT Trading Up 0.1 %

EQT stock opened at $51.19 on Wednesday. The firm has a 50-day moving average price of $50.21 and a two-hundred day moving average price of $47.28. EQT has a 52-week low of $30.02 and a 52-week high of $56.66. The firm has a market capitalization of $30.64 billion, a price-to-earnings ratio of 127.98, a PEG ratio of 0.64 and a beta of 1.35. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. Sell-side analysts expect that EQT will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT’s payout ratio is currently 110.53%.

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.