EQT Co. (NYSE:EQT) Shares Acquired by Rockingstone Advisors LLC

Rockingstone Advisors LLC increased its position in shares of EQT Co. (NYSE:EQT) by 320.3% during the 4th quarter, HoldingsChannel reports. The fund owned 45,350 shares of the oil and gas producer’s stock after acquiring an additional 34,560 shares during the quarter. Rockingstone Advisors LLC’s holdings in EQT were worth $2,091,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. HM Payson & Co. acquired a new position in EQT in the 3rd quarter valued at about $25,000. Truvestments Capital LLC purchased a new stake in EQT during the 3rd quarter worth about $30,000. Quarry LP raised its position in EQT by 184.7% in the 3rd 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 in the last quarter. Hexagon Capital Partners LLC increased its stake in shares of EQT by 18,080.0% during the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 904 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in EQT in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Price Performance

EQT stock opened at $52.38 on Thursday. The business has a 50 day simple moving average of $45.09 and a 200-day simple moving average of $38.45. EQT Co. has a 12 month low of $30.02 and a 12 month high of $53.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $31.25 billion, a PE ratio of 62.36 and a beta of 1.12.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating 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 business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Equities analysts predict that EQT Co. will post 1.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of recent analyst reports. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a research report on Wednesday. Citigroup lifted their price target on EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, December 6th. StockNews.com upgraded EQT to a “sell” rating in a report on Monday, December 30th. JPMorgan Chase & Co. boosted their target price on EQT from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $49.00 price target on shares of EQT in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.94.

Insider Transactions at EQT

In related news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction on 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 owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company 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.