EQT Co. (NYSE:EQT) – Equities research analysts at US Capital Advisors cut their FY2019 EPS estimates for shares of EQT in a note issued to investors on Tuesday, December 3rd. US Capital Advisors analyst C. Horwitz now forecasts that the oil and gas producer will earn $0.92 per share for the year, down from their previous estimate of $0.95. US Capital Advisors also issued estimates for EQT’s Q4 2019 earnings at $0.07 EPS, Q1 2020 earnings at $0.14 EPS, Q2 2020 earnings at $0.14 EPS, Q3 2020 earnings at $0.14 EPS, Q4 2020 earnings at $0.15 EPS, FY2020 earnings at $0.57 EPS, Q1 2021 earnings at $0.14 EPS, Q2 2021 earnings at ($0.20) EPS, Q3 2021 earnings at ($0.16) EPS and FY2021 earnings at ($0.25) EPS.
EQT (NYSE:EQT) last released its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.11. The business had revenue of $951.60 million during the quarter, compared to analyst estimates of $883.29 million. EQT had a positive return on equity of 3.81% and a negative net margin of 14.65%. EQT’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share.
Other research analysts also recently issued reports about the company. Tudor Pickering downgraded EQT from a “buy” rating to a “hold” rating and set a $12.00 price objective for the company. in a research note on Monday, November 25th. Wells Fargo & Co decreased their target price on shares of EQT from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. ValuEngine upgraded shares of EQT from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Finally, Royal Bank of Canada raised shares of EQT from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $16.00 to $17.00 in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $24.38.
NYSE EQT opened at $8.61 on Friday. EQT has a 52 week low of $8.34 and a 52 week high of $21.86. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $2.23 billion, a P/E ratio of 5.06, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58. The stock’s 50-day moving average price is $9.77 and its 200-day moving average price is $12.85.
The firm also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Friday, November 8th were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.12 annualized dividend and a yield of 1.39%. EQT’s payout ratio is 7.06%.
In other EQT news, insider (Mick) O’brien Michael 16,562 shares of EQT stock in a transaction that occurred on Monday, October 28th. Corporate insiders own 0.68% of the company’s stock.
A number of hedge funds have recently made changes to their positions in EQT. Municipal Employees Retirement System of Michigan boosted its stake in EQT by 1.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 47,100 shares of the oil and gas producer’s stock valued at $745,000 after buying an additional 720 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of EQT in the second quarter valued at $25,000. State Board of Administration of Florida Retirement System increased its position in EQT by 0.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 325,872 shares of the oil and gas producer’s stock worth $5,152,000 after purchasing an additional 1,682 shares during the last quarter. M&T Bank Corp increased its position in EQT by 17.1% in the second quarter. M&T Bank Corp now owns 12,936 shares of the oil and gas producer’s stock worth $206,000 after purchasing an additional 1,885 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in EQT by 16.9% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 13,783 shares of the oil and gas producer’s stock valued at $218,000 after purchasing an additional 1,993 shares in the last quarter. Institutional investors and hedge funds own 94.41% of the company’s stock.
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.
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