Howard Financial Services LTD. Buys Shares of 4,830 EQT Co. (NYSE:EQT)

Howard Financial Services LTD. purchased a new stake in shares of EQT Co. (NYSE:EQT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,830 shares of the oil and gas producer’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EQT. Radnor Capital Management LLC increased its stake in EQT by 0.4% during the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock valued at $2,810,000 after buying an additional 237 shares during the period. Davis Investment Partners LLC raised its holdings in EQT by 1.0% during the third quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock worth $1,137,000 after purchasing an additional 317 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in EQT by 7.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer’s stock valued at $224,000 after purchasing an additional 421 shares in the last quarter. Financial Avengers Inc. increased its position in shares of EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 504 shares during the period. Finally, Quarry LP lifted its holdings in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 578 shares during the period. 90.81% of the stock is currently owned by institutional investors.

EQT Price Performance

EQT opened at $52.93 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT Co. has a 1 year low of $30.02 and a 1 year high of $53.98. The stock has a fifty day moving average price of $45.83 and a 200 day moving average price of $38.77. The stock has a market cap of $31.58 billion, a price-to-earnings ratio of 63.02 and a beta of 1.12.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the company earned $0.30 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. Analysts forecast that EQT Co. will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the transaction, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EQT shares. Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $55.00 to $54.00 in a report on Friday. Wells Fargo & Company increased their price objective on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Bank of America began coverage on EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 target price on the stock. UBS Group increased their price target on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. boosted their price objective on EQT from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.89.

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.