Stock Traders Purchase High Volume of Put Options on EQT (NYSE:EQT)

EQT Co. (NYSE:EQT) was the recipient of some unusual options trading on Wednesday. Stock investors bought 10,471 put options on the company. This is an increase of 6,133% compared to the average volume of 168 put options.

Shares of EQT stock opened at $15.37 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.39. EQT has a twelve month low of $14.28 and a twelve month high of $30.85. The company has a market cap of $4.00 billion, a P/E ratio of 9.04, a P/E/G ratio of 1.23 and a beta of 0.60. The stock’s fifty day simple moving average is $16.68.

EQT (NYSE:EQT) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas producer reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.11. EQT had a positive return on equity of 4.51% and a negative net margin of 10.17%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company earned $0.67 EPS. EQT’s revenue for the quarter was down 12.9% on a year-over-year basis. On average, analysts anticipate that EQT will post 1.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Friday, August 9th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.78%. EQT’s dividend payout ratio is currently 7.06%.

In other EQT news, EVP Erin R. Centofanti sold 2,970 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $16.03, for a total value of $47,609.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robert Joseph Mcnally bought 13,572 shares of EQT stock in a transaction dated Wednesday, May 29th. The shares were bought at an average cost of $18.37 per share, for a total transaction of $249,317.64. The disclosure for this purchase can be found here. Corporate insiders own 0.68% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in EQT in the first quarter valued at about $29,000. Hilton Capital Management LLC bought a new position in EQT in the first quarter valued at about $65,000. Bronfman E.L. Rothschild L.P. raised its position in EQT by 287.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 4,184 shares of the oil and gas producer’s stock valued at $79,000 after purchasing an additional 3,103 shares during the last quarter. Hunter Associates Investment Management LLC bought a new position in EQT in the first quarter valued at about $200,000. Finally, Sciencast Management LP bought a new position in EQT in the first quarter valued at about $203,000. Institutional investors and hedge funds own 95.85% of the company’s stock.

Several analysts have recently issued reports on the company. MKM Partners reissued a “neutral” rating and set a $71.00 target price on shares of Hess in a report on Tuesday, April 16th. TD Securities reduced their target price on West Fraser Timber from C$83.00 to C$80.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Cowen set a $27.00 target price on Schnitzer Steel Industries and gave the stock a “hold” rating in a report on Tuesday, April 9th. Wells Fargo & Co lowered Occidental Petroleum from an “outperform” rating to a “market perform” rating in a report on Monday, May 20th. Finally, Macquarie assumed coverage on Antero Resources in a report on Wednesday, May 29th. They set an “underperform” rating and a $5.50 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $34.38.

EQT Company Profile

EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.

See Also: Quiet Period

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