Voloridge Investment Management LLC Makes New $1.63 Million Investment in EQT Co. (NYSE:EQT)

Voloridge Investment Management LLC bought a new position in EQT Co. (NYSE:EQT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 128,100 shares of the oil and gas producer’s stock, valued at approximately $1,628,000.

A number of other large investors have also recently added to or reduced their stakes in EQT. Neo Ivy Capital Management boosted its holdings in shares of EQT by 1,276.7% in the third quarter. Neo Ivy Capital Management now owns 4,433 shares of the oil and gas producer’s stock worth $57,000 after acquiring an additional 4,111 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of EQT by 82.8% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,464 shares of the oil and gas producer’s stock worth $57,000 after acquiring an additional 2,022 shares during the period. CWM LLC boosted its holdings in shares of EQT by 2,048.6% in the fourth quarter. CWM LLC now owns 6,231 shares of the oil and gas producer’s stock worth $79,000 after acquiring an additional 5,941 shares during the period. Captrust Financial Advisors boosted its holdings in shares of EQT by 414.0% in the third quarter. Captrust Financial Advisors now owns 6,985 shares of the oil and gas producer’s stock worth $89,000 after acquiring an additional 5,626 shares during the period. Finally, IBM Retirement Fund bought a new position in shares of EQT in the fourth quarter worth $129,000. 93.82% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on EQT shares. TD Securities raised their price target on EQT from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, February 18th. Siebert Williams Shank started coverage on EQT in a report on Thursday, December 10th. They issued a “hold” rating and a $16.00 price target for the company. Piper Sandler raised their price target on EQT from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, March 15th. Morgan Stanley lifted their price objective on EQT from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, March 17th. Finally, TheStreet raised EQT from a “d” rating to a “c-” rating in a research note on Wednesday, February 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $17.78.

Shares of NYSE EQT opened at $18.06 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $5.04 billion, a P/E ratio of -2.09 and a beta of 1.26. EQT Co. has a 1 year low of $10.19 and a 1 year high of $20.36. The firm has a 50-day simple moving average of $18.40 and a two-hundred day simple moving average of $15.81.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, February 16th. The oil and gas producer reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.18. EQT had a negative net margin of 78.35% and a negative return on equity of 0.58%. As a group, equities research analysts expect that EQT Co. will post -0.4 EPS for the current year.

About EQT

EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2020, it had 19.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.8 million gross acres.

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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