Equities research analysts expect that EQT Co. (NYSE:EQT) will post $0.13 earnings per share (EPS) for the current quarter, according to Zacks. Fourteen analysts have issued estimates for EQT’s earnings. The lowest EPS estimate is ($0.15) and the highest is $0.64. EQT reported earnings per share of $0.79 in the same quarter last year, which would suggest a negative year over year growth rate of 83.5%. The company is scheduled to announce its next earnings report on Thursday, February 13th.
On average, analysts expect that EQT will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.69 to $1.36. For the next financial year, analysts expect that the business will post earnings of $0.13 per share, with EPS estimates ranging from ($0.82) to $0.78. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow EQT.
EQT (NYSE:EQT) last announced its earnings results on Thursday, October 31st. The oil and gas producer reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.11. The company had revenue of $951.60 million for the quarter, compared to the consensus estimate of $883.29 million. EQT had a positive return on equity of 3.81% and a negative net margin of 14.65%. The company’s revenue was down 9.4% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS.
Several research analysts recently issued reports on EQT shares. Wells Fargo & Co cut their price target on shares of EQT from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, September 20th. Tudor Pickering cut shares of EQT from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a report on Monday, November 25th. Royal Bank of Canada upgraded 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 research report on Friday, November 8th. Finally, ValuEngine raised EQT from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. EQT currently has an average rating of “Hold” and an average target price of $24.38.
In related news, insider (Mick) O’brien Michael 16,562 shares of the stock in a transaction dated Monday, October 28th. 0.68% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC purchased a new stake in EQT during the second quarter worth approximately $25,000. Point72 Hong Kong Ltd purchased a new position in shares of EQT in the 2nd quarter valued at $37,000. Tower Research Capital LLC TRC lifted its holdings in shares of EQT by 1,246.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,905 shares of the oil and gas producer’s stock valued at $62,000 after acquiring an additional 3,615 shares in the last quarter. Toronto Dominion Bank acquired a new position in shares of EQT during the 2nd quarter valued at $231,000. Finally, Quest Capital Management Inc. ADV purchased a new stake in EQT during the 3rd quarter worth $51,000. 94.41% of the stock is owned by hedge funds and other institutional investors.
EQT stock opened at $8.44 on Friday. The stock has a market capitalization of $2.23 billion, a PE ratio of 5.29, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58. The company has a fifty day moving average of $9.83 and a 200-day moving average of $13.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03. EQT has a one year low of $8.38 and a one year high of $21.86.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Friday, November 8th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, November 7th. EQT’s dividend payout ratio (DPR) is 7.06%.
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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