QVT Financial LP Acquires Shares of 68,323 EQT Co. (NYSE:EQT)

QVT Financial LP bought a new position in EQT Co. (NYSE:EQT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 68,323 shares of the oil and gas producer’s stock, valued at approximately $3,889,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Goldentree Asset Management LP increased its holdings in EQT by 191.5% in the 4th quarter. Goldentree Asset Management LP now owns 1,136,398 shares of the oil and gas producer’s stock valued at $64,684,000 after purchasing an additional 746,495 shares in the last quarter. Guggenheim Capital LLC grew its stake in shares of EQT by 4.5% during the fourth quarter. Guggenheim Capital LLC now owns 703,477 shares of the oil and gas producer’s stock valued at $40,040,000 after acquiring an additional 30,208 shares in the last quarter. QS Investors LLC grew its stake in shares of EQT by 27.6% during the fourth quarter. QS Investors LLC now owns 26,714 shares of the oil and gas producer’s stock valued at $1,521,000 after acquiring an additional 5,777 shares in the last quarter. EnTrustPermal Partners Offshore LP acquired a new stake in shares of EQT during the fourth quarter valued at about $3,985,000. Finally, Franklin Resources Inc. grew its stake in shares of EQT by 7.3% during the fourth quarter. Franklin Resources Inc. now owns 325,757 shares of the oil and gas producer’s stock valued at $18,542,000 after acquiring an additional 22,275 shares in the last quarter. 91.49% of the stock is currently owned by institutional investors and hedge funds.

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EQT has been the topic of several research analyst reports. Zacks Investment Research cut shares of EQT from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. ValuEngine cut shares of EQT from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Citigroup reaffirmed a “buy” rating and set a $79.00 price target on shares of EQT in a report on Monday, January 22nd. Jefferies Group set a $65.00 price target on EQT and gave the company a “hold” rating in a report on Tuesday, January 30th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $64.00 price target on shares of EQT in a report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. EQT has an average rating of “Buy” and an average price target of $76.77.

Shares of NYSE:EQT traded down $1.47 during trading on Monday, reaching $46.04. 2,136,637 shares of the company traded hands, compared to its average volume of 3,789,026. The firm has a market capitalization of $12,565.11, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 1.78 and a beta of 0.73. EQT Co. has a 1-year low of $43.70 and a 1-year high of $67.84. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.40.

EQT (NYSE:EQT) last released its quarterly earnings data on Thursday, February 15th. The oil and gas producer reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.54. EQT had a net margin of 44.66% and a return on equity of 2.35%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $909.42 million. During the same quarter in the previous year, the business earned $0.25 EPS. EQT’s quarterly revenue was up 197.9% compared to the same quarter last year. equities research analysts expect that EQT Co. will post 1.78 earnings per share for the current fiscal year.

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EQT Company Profile

EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.

Institutional Ownership by Quarter for EQT (NYSE:EQT)

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