Oak Thistle LLC Grows Stake in EQT Co. (NYSE:EQT)

Oak Thistle LLC grew its stake in shares of EQT Co. (NYSE:EQT) by 288.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,182 shares of the oil and gas producer’s stock after acquiring an additional 20,930 shares during the period. Oak Thistle LLC’s holdings in EQT were worth $1,299,000 at the end of the most recent reporting period.

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

Insider Activity

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 shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the sale, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of EQT to a “sell” rating in a research note on Monday, December 30th. UBS Group raised their price objective on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Wells Fargo & Company upped their price target on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Citigroup upped their price target on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Sanford C. Bernstein began coverage on EQT in a report on Friday, December 6th. They issued a “market perform” rating and a $50.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued 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 a consensus price target of $48.67.

EQT Price Performance

EQT stock opened at $50.62 on Wednesday. The company has a market capitalization of $30.20 billion, a P/E ratio of 60.26 and a beta of 1.12. The business has a 50 day simple moving average of $45.09 and a 200-day simple moving average of $38.45. 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 twelve month low of $30.02 and a twelve month high of $51.21.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business posted $0.30 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts anticipate that EQT Co. will post 1.37 EPS for the current year.

About EQT

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.