202,387 Shares in EQT Co. (NYSE:EQT) Bought by Interval Partners LP

Interval Partners LP bought a new position in EQT Co. (NYSE:EQT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 202,387 shares of the oil and gas producer’s stock, valued at approximately $7,484,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EQT. Innealta Capital LLC bought a new position in shares of EQT in the second quarter worth about $28,000. Wolff Wiese Magana LLC grew its holdings in EQT by 936.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 908 shares during the last quarter. Blue Trust Inc. increased its position in EQT by 149.5% in the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 598 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of EQT by 414.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,472 shares of the oil and gas producer’s stock valued at $51,000 after acquiring an additional 1,186 shares during the period. Finally, Industrial Alliance Investment Management Inc. grew its stake in shares of EQT by 65.5% in the second quarter. Industrial Alliance Investment Management Inc. now owns 1,440 shares of the oil and gas producer’s stock worth $53,000 after acquiring an additional 570 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wolfe Research assumed coverage on EQT in a research report on Thursday, July 18th. They set an “outperform” rating and a $51.00 target price on the stock. Morgan Stanley reissued an “overweight” rating and set a $45.00 price objective on shares of EQT in a report on Friday, September 13th. StockNews.com raised EQT to a “sell” rating in a research report on Friday, July 26th. UBS Group dropped their price objective on shares of EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Finally, Wells Fargo & Company raised EQT from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $40.00 to $42.00 in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, EQT has an average rating of “Hold” and a consensus price target of $43.28.

EQT Price Performance

EQT stock opened at $34.83 on Monday. The firm has a market capitalization of $15.38 billion, a P/E ratio of 25.24 and a beta of 1.06. The business has a 50-day moving average of $33.28 and a 200-day moving average of $36.43. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. EQT Co. has a 1 year low of $30.02 and a 1 year high of $45.23.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.12. The firm had revenue of $952.51 million during the quarter, compared to the consensus estimate of $1.06 billion. EQT had a net margin of 12.45% and a return on equity of 4.52%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. On average, equities analysts anticipate that EQT Co. will post 1.44 EPS for the current year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Wednesday, August 7th. EQT’s payout ratio is presently 45.65%.

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.