Metropolitan Life Insurance Co NY decreased its position in shares of EQT Co. (NYSE:EQT) by 2.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,268 shares of the oil and gas producer’s stock after selling 1,744 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in EQT were worth $758,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new stake in EQT during the second quarter valued at about $25,000. Point72 Hong Kong Ltd bought a new position in shares of EQT in the second quarter worth about $37,000. Quest Capital Management Inc. ADV bought a new position in shares of EQT in the third quarter worth about $51,000. Tower Research Capital LLC TRC grew its position in shares of EQT by 1,246.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,905 shares of the oil and gas producer’s stock worth $62,000 after purchasing an additional 3,615 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of EQT during the third quarter worth about $108,000. 94.42% of the stock is owned by institutional investors.
In other news, insider (Mick) O’brien Michael 16,562 shares of EQT stock in a transaction on Monday, October 28th. Insiders own 0.68% of the company’s stock.
A number of research analysts recently commented on EQT shares. Wells Fargo & Co lowered their price target on EQT from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Tudor Pickering downgraded EQT from a “buy” rating to a “hold” rating and set a $12.00 price target for the company. in a research note on Monday, November 25th. Royal Bank of Canada raised shares of EQT from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $16.00 to $17.00 in a report on Friday, November 8th. Finally, ValuEngine upgraded shares of EQT from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $24.41.
Shares of EQT stock opened at $8.87 on Tuesday. EQT Co. has a 12-month low of $8.34 and a 12-month high of $21.86. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. The stock’s 50-day moving average price is $9.69 and its 200-day moving average price is $12.60. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 5.32, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58.
EQT (NYSE:EQT) last posted its earnings results on Thursday, October 31st. The oil and gas producer reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.11. EQT had a positive return on equity of 3.81% and a negative net margin of 14.65%. The company had revenue of $951.60 million for the quarter, compared to the consensus estimate of $883.29 million. During the same period in the previous year, the business earned $0.35 earnings per share. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. As a group, research analysts predict that EQT Co. will post 0.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Friday, November 8th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, November 7th. EQT’s payout ratio is 7.06%.
EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.
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