Why Is EQT Corporation (EQT) Moving So Hard, So Fast?

Paterniano Del Favero
Luglio 20, 2017

Hedge funds and other institutional investors have recently modified their holdings of the company. Bessemer Gru has 0.01% invested in EQT Corporation (NYSE:EQT) for 39,024 shares. It also reduced Thomson Reuters Corp (NYSE:TRI) stake by 13,680 shares and now owns 488,668 shares. Sumitomo Mitsui Asset Mngmt Com Limited invested in 13,446 shares or 0.02% of the stock. Finally, American Century Companies Inc. increased its stake in shares of EQT Corporation by 9.1% in the first quarter. Crow Point Partners LLC now owns 75,000 shares of the oil and gas producer's stock worth $4,426,000 after buying an additional 16,400 shares during the period. As of the end of the quarter Nisa Investment Advisors, LLC had sold a total of 6,000 shares trimming its holdings by 7.3%. Kelly now forecasts that the oil and gas producer will earn $0.29 per share for the quarter, up from their prior estimate of $0.27. Over the past 2 quarters, EQT Corporation (NYSE:EQT) is down -1.55%, compared with a fall of almost -2.29% for 3 months and about 4.05% for the past 30 days. Quantitative Systematic Strategies LLC now owns 32,681 shares of the oil and gas producer's stock valued at $1,997,000 after buying an additional 17,056 shares during the period. EQT Corporation earned a coverage optimism score of 0.07 on Accern's scale. The company's market cap is $10.84 billion.

It is trading at $62.52 a tad above $57.55, the 50 day moving average and a bit higher than the 200 day moving average of $59.82.

EQT Corporation (NYSE:EQT) last announced its quarterly earnings results on Thursday, April 27th. They expect $0.07 EPS, up 120.00% or $0.42 from last year's $-0.35 per share. EQT Corporation had a negative net margin of 15.03% and a positive return on equity of 0.18%. The company had revenue of $897.50 million for the quarter, compared to analyst estimates of $713.65 million. During the same period previous year, the company earned $0.19 earnings per share. EQT Corporation's revenue for the quarter was up 64.6% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, August 11th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Wednesday, August 9th. EQT Corporation's dividend payout ratio is presently -6.82%.

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A number of brokerages have recently issued reports on EQT. Suntrust Robinson downgraded the stock to "Neutral" rating in Thursday, February 25 report.

Tracking some recent stock price action, we can see that Eqt Gp Holdings LP (EQGP) recently touched 29.19. On Monday, April 4 the stock rating was maintained by Wood with "Market Perform". Cowen and Company set a $80.00 target price on EQT Corporation and gave the stock a "buy" rating in a report on Tuesday. Finally, Howard Weil upgraded shares of EQT Corporation from a "sector perform" rating to a "sector outperform" rating in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock.

In other EQT Corporation news, insider Robert Joseph Mcnally bought 1,500 shares of the company's stock in a transaction dated Wednesday, June 21st.

EQT Corporation (EQT) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. LVW Advisors LLC now owns 10,625 shares of the oil and gas company's stock worth $291,000 after buying an additional 200 shares during the last quarter. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Cary A. Bray Jr. bought $25,723 worth of stock or 421 shares.

Aperio Group, LLC added to its ownership by buying 12,063 shares an increase of 23.5%. The stock was bought at an average price of $50.96 per share, with a total value of $509,600.00. About shares traded. Post Holdings Inc (NYSE:POST) has risen 11.46% since July 19, 2016 and is uptrending. The disclosure for this purchase can be found here. The Massachusetts Financial Services Company holds 1.63M shares with $106.59 million value, up from 1.33 million last quarter. For EQT, the company now has $899.38 Million of cash on the books, which is offset by $207.87 Million current liabilities. The Company's divisions include Non-Life Run-Off, Atrium, StarStone, and Life and Annuities.

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