Short interest on EQT Co. (NYSE:EQT) down 5.8%

Vaseline2 weeks ago

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EQT Co. (NYSE:EQT – Get Free Report ) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 19,300,000 shares, down 5.8% from August 31st’s total of 20,480,000 shares. Based on an average daily trading volume of 8,050,000 shares, the short interest rate is currently 2.4 days.

Analysts on Wall Street are forecasting an increase

EQT has been the subject of a number of recent research reports. Truist Financial decreased their price objective on EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. UBS Group decreased their price objective on shares of EQT from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Wells Fargo & Company upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $40.00 to $42.00 in a research note from Wednesday, August 14. StockNews.com upgraded shares of EQT to a “sell” rating in a research note on Friday, July 26th. Finally, Wolfe Research started coverage on EQT in a research report on Thursday, July 18th. They set an “outperform” rating and a $51.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, EQT currently has an average rating of “Hold” and an average price target of $42.29.

Read our latest report on EQT

Institutional inputs and outputs

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Institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new stake in shares of EQT in the second quarter valued at about $1,260,000. Strategic Investment Solutions Inc. IL acquired a new stake in EQT in the second quarter valued at about $67,000. Clearbridge Investments LLC raised its stake in EQT by 2.9% in the 2nd quarter. Clearbridge Investments LLC now owns 9,084,686 shares of the oil and gas producer’s stock worth $335,952,000 after buying another 253,186 shares during the period. Cetera Investment Advisers boosted its holdings in shares of EQT by 5.8% in the 2nd quarter. Cetera Investment Advisers now owns 64,870 shares of the oil and gas producer’s stock valued at $2,399,000 after buying an additional 3,536 shares. shares in the last quarter. Finally, Truist Financial Corp boosted its stake in EQT by 18.0% in the second quarter. Truist Financial Corp now owns 21,399 shares of the oil and gas producer’s stock valued at $791,000 after buying an additional 3,261 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s shares.

EQT stock performance

EQT traded up $0.32 on Monday, reaching $36.85. 1,685,547 shares of the stock traded hands, compared to its average volume of 7,058,320. The company’s 50-day moving average price is $33.27 and its 200-day moving average price is $36.44. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.73, and a quick ratio of 0.73. The firm has a market cap of $16.27 billion, a PE ratio of 26.47 and a beta of 1.06. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $45.23.

EQT (NYSE:EQT – Get Free Report ) last posted its earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. EQT had a return on equity of 4.52% and a net margin of 12.45%. The firm had revenue of $952.51 million during the quarter, compared to the consensus estimate of $1.06 billion. In the same quarter last year, the company posted ($0.17) earnings per share. The company’s revenue was down 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that EQT will post 1.37 EPS for the current fiscal year.

EQT announces dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were issued a $0.1575 dividend. This represents an annualized dividend of $0.63 and a dividend yield of 1.71%. The ex-dividend date was Wednesday, August 7. EQT’s dividend payout ratio (DPR) is currently 45.65%.

About EQT

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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 provides marketing services and contract pipeline capacity management services.