EQT Co. (EQT) Expected to Post Earnings of $0.29 Per Share

Analysts expect that EQT Co. (NYSE:EQT) will post $0.29 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for EQT’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $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 company is scheduled to announce its next quarterly earnings results 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 company will post earnings of $1.82 per share, with EPS estimates ranging from $0.68 to $2.98. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover EQT.

EQT (NYSE:EQT) last released its quarterly earnings results on Thursday, July 26th. The oil and gas producer reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.13 billion. EQT had a negative net margin of 6.19% and a positive return on equity of 3.73%. The business’s quarterly revenue was up 53.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share.



A number of research firms recently commented on EQT. Morgan Stanley increased their target price on EQT from $58.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday, May 24th. TheStreet raised EQT from a “d+” rating to a “c-” rating in a research note on Monday, July 23rd. TD Securities began coverage on EQT in a research note on Thursday, July 5th. They issued a “hold” rating and a $57.00 target price on the stock. JPMorgan Chase & Co. set a $70.00 target price on EQT and gave the company a “buy” rating in a research note on Wednesday, June 13th. Finally, Stifel Nicolaus began coverage on EQT in a research note on Wednesday, May 23rd. They issued a “buy” rating and a $65.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $70.15.

Shares of EQT stock traded down $0.14 during trading on Friday, hitting $49.81. The stock had a trading volume of 5,260,455 shares, compared to its average volume of 3,026,354. The stock has a market cap of $13.19 billion, a P/E ratio of 33.88, a PEG ratio of 1.52 and a beta of 0.57. EQT has a 12 month low of $43.70 and a 12 month high of $66.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 0.76.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 1st. Shareholders of record on Friday, August 10th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, August 9th. This represents a $0.12 annualized dividend and a yield of 0.24%. EQT’s payout ratio is 8.16%.

In other EQT news, insider Robert Joseph Mcnally purchased 4,000 shares of the business’s stock in a transaction on Wednesday, June 6th. The stock was acquired at an average cost of $51.18 per share, for a total transaction of $204,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.68% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of EQT. Two Sigma Advisers LP boosted its position in EQT by 83.7% during the fourth quarter. Two Sigma Advisers LP now owns 22,258 shares of the oil and gas producer’s stock valued at $1,267,000 after buying an additional 10,143 shares during the period. LPL Financial LLC boosted its holdings in shares of EQT by 25.9% during the fourth quarter. LPL Financial LLC now owns 9,980 shares of the oil and gas producer’s stock worth $568,000 after purchasing an additional 2,055 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of EQT by 10.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 40,018 shares of the oil and gas producer’s stock worth $2,277,000 after purchasing an additional 3,793 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of EQT by 13.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 11,107 shares of the oil and gas producer’s stock worth $632,000 after purchasing an additional 1,331 shares during the period. Finally, FDx Advisors Inc. boosted its holdings in shares of EQT by 89.1% during the first quarter. FDx Advisors Inc. now owns 21,444 shares of the oil and gas producer’s stock worth $1,019,000 after purchasing an additional 10,101 shares during the period. Institutional investors and hedge funds own 88.18% of the company’s stock.

About EQT

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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