EQT Co. (NYSE:EQT) Shares Bought by Hantz Financial Services Inc.

Hantz Financial Services Inc. lifted its position in shares of EQT Co. (NYSE:EQT) by 55.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,988 shares of the oil and gas producer’s stock after acquiring an additional 30,058 shares during the quarter. Hantz Financial Services Inc.’s holdings in EQT were worth $3,873,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. HM Payson & Co. acquired a new position in EQT during the 3rd quarter worth approximately $25,000. Truvestments Capital LLC acquired a new position in EQT during the third quarter worth $30,000. Quarry LP raised its position in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 578 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 904 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of EQT during the 3rd quarter worth $36,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the transaction, the director now owns 201,608 shares in the company, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.63% of the stock is owned by insiders.

EQT Price Performance

EQT stock opened at $51.65 on Friday. The stock has a market capitalization of $30.82 billion, a price-to-earnings ratio of 61.48 and a beta of 1.12. The stock’s fifty day simple moving average is $47.12 and its 200-day simple moving average is $39.63. EQT Co. has a 52-week low of $30.02 and a 52-week high of $54.85. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. Equities research analysts expect that EQT Co. will post 1.42 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective for the company in a research note on Wednesday, January 15th. StockNews.com upgraded shares of EQT to a “sell” rating in a research report on Friday. Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $49.00 price objective on shares of EQT in a report on Monday, January 6th. Finally, Jefferies Financial Group upped their target price on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.94.

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.