Equities analysts expect EQT Co. (NYSE:EQT) to report earnings of $0.29 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for EQT’s earnings, with estimates ranging from $0.07 to $0.47. EQT posted earnings of $0.12 per share during the same quarter last year, which would indicate a positive year over year growth rate of 141.7%. The business is scheduled to report its next earnings report on Thursday, October 25th.
According to Zacks, analysts expect that EQT will report full year earnings of $2.20 per share for the current year, with EPS estimates ranging from $1.76 to $2.62. For the next year, analysts anticipate that the firm will post earnings of $1.82 per share, with EPS estimates ranging from $0.68 to $2.98. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for EQT.
EQT (NYSE:EQT) last announced its quarterly earnings results on Thursday, July 26th. The oil and gas producer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.13 billion. EQT had a negative net margin of 6.19% and a positive return on equity of 3.73%. The firm’s quarterly revenue was up 53.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share.
Several brokerages recently weighed in on EQT. Royal Bank of Canada set a $74.00 price target on shares of EQT and gave the company a “buy” rating in a research report on Thursday, July 19th. TheStreet raised shares of EQT from a “d+” rating to a “c-” rating in a research report on Monday, July 23rd. Stifel Nicolaus began coverage on shares of EQT in a research report on Wednesday, May 23rd. They set a “buy” rating and a $65.00 price target for the company. ValuEngine downgraded shares of EQT from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Finally, JPMorgan Chase & Co. set a $70.00 price target on shares of EQT and gave the company a “buy” rating in a research report on Wednesday, June 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. EQT currently has a consensus rating of “Hold” and an average price target of $70.15.
Shares of EQT traded down $0.14 on Friday, hitting $49.81. 5,260,455 shares of the stock traded hands, compared to its average volume of 3,026,354. The company has a market capitalization of $13.19 billion, a P/E ratio of 33.88, a price-to-earnings-growth ratio of 1.52 and a beta of 0.57. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.47. EQT has a one year low of $43.70 and a one year high of $66.03.
The business also recently announced a quarterly dividend, which will be paid on Saturday, September 1st. Shareholders of record on Friday, August 10th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, August 9th. EQT’s dividend payout ratio (DPR) is presently 8.16%.
In related news, insider Robert Joseph Mcnally bought 4,000 shares of the business’s stock in a transaction on Wednesday, June 6th. The stock was acquired at an average price of $51.18 per share, with a total value of $204,720.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.68% of the company’s stock.
Large investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC purchased a new position in shares of EQT during the 2nd quarter worth $163,000. Hudson Valley Investment Advisors Inc. ADV purchased a new position in shares of EQT during the 2nd quarter worth $207,000. Dupont Capital Management Corp boosted its stake in shares of EQT by 48.7% during the 2nd quarter. Dupont Capital Management Corp now owns 3,876 shares of the oil and gas producer’s stock worth $214,000 after acquiring an additional 1,270 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new position in shares of EQT during the 1st quarter worth $191,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of EQT during the 2nd quarter worth $222,000. 88.18% of the stock is owned by institutional investors and hedge funds.
EQT Company Profile
EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.
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