EQT Co. (NYSE:EQT) Shares Acquired by Parkside Investments LLC

Parkside Investments LLC boosted its stake in shares of EQT Co. (NYSE:EQT) by 340.0% in the fourth quarter, HoldingsChannel reports. The firm owned 22,000 shares of the oil and gas producer’s stock after purchasing an additional 17,000 shares during the quarter. Parkside Investments LLC’s holdings in EQT were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. HM Payson & Co. bought a new position in shares of EQT during the third quarter worth about $25,000. Truvestments Capital LLC acquired a new position in EQT during the 3rd quarter valued at about $30,000. Hexagon Capital Partners LLC grew its position in EQT by 18,080.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 904 shares during the last quarter. Quarry LP increased its stake 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 purchasing an additional 578 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of EQT during the third quarter valued at approximately $36,000. 90.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EQT. Wells Fargo & Company boosted their price objective on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. StockNews.com raised EQT to a “sell” rating in a research note on Monday, December 30th. JPMorgan Chase & Co. lifted their price objective on shares of EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Bank of America started coverage on shares of EQT in a research report on Monday, October 28th. They issued a “buy” rating and a $50.00 target price for the company. Finally, UBS Group boosted their price target on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, EQT currently has an average rating of “Moderate Buy” and a consensus target price of $49.89.

EQT Trading Up 0.4 %

Shares of EQT opened at $53.78 on Monday. The business’s 50-day moving average price is $46.84 and its 200 day moving average price is $39.37. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $32.09 billion, a P/E ratio of 64.03 and a beta of 1.12. EQT Co. has a 1-year low of $30.02 and a 1-year high of $54.85.

EQT (NYSE:EQT) last released its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. Analysts expect that EQT Co. will post 1.42 earnings per share for the current year.

Insiders Place Their Bets

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

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.