208,251 Shares in EQT Co. (NYSE:EQT) Purchased by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC bought a new stake in shares of EQT Co. (NYSE:EQT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 208,251 shares of the oil and gas producer’s stock, valued at approximately $9,602,000. EQT accounts for approximately 1.8% of Bourgeon Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position.

A number of other large investors also recently added to or reduced their stakes in EQT. HM Payson & Co. purchased a new position in shares of EQT in the third quarter worth $25,000. Truvestments Capital LLC bought a new position in shares of EQT during the 3rd quarter valued at about $30,000. Hexagon Capital Partners LLC grew its position in shares of EQT by 18,080.0% during the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 904 shares in the last quarter. Quarry LP increased its holdings in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of EQT in the third quarter worth about $36,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on EQT shares. UBS Group raised their price target on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 4th. BMO Capital Markets raised their target price on shares of EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Wells Fargo & Company upped their price target on shares of EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Jefferies Financial Group lifted their price objective on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Truist Financial boosted their target price on shares of EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.89.

EQT Price Performance

Shares of EQT stock opened at $53.33 on Wednesday. The company’s 50-day simple moving average is $46.01 and its two-hundred day simple moving average is $38.91. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. EQT Co. has a one year low of $30.02 and a one year high of $53.98. The company has a market capitalization of $31.82 billion, a P/E ratio of 63.48 and a beta of 1.12.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the business posted $0.30 EPS. EQT’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities analysts anticipate that EQT Co. will post 1.42 EPS for the current year.

Insiders Place Their Bets

In related news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the completion of the transaction, the director now owns 201,608 shares of the company’s stock, valued at $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.63% of the stock is owned by company insiders.

EQT Company Profile

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 offers marketing services and contractual pipeline capacity management services.