Equities Analysts Set Expectations for EQT Co.’s Q2 2017 Earnings (EQT)

EQT Co. (NYSE:EQT) – Analysts at Jefferies Group upped their Q2 2017 earnings per share estimates for EQT in a report released on Wednesday. Jefferies Group analyst Z. Parham now expects that the oil and gas producer will earn $0.18 per share for the quarter, up from their prior forecast of $0.13. Jefferies Group has a “Hold” rating and a $64.00 price target on the stock. Jefferies Group also issued estimates for EQT’s Q3 2017 earnings at $0.39 EPS, FY2017 earnings at $1.72 EPS, Q1 2018 earnings at $0.72 EPS, Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.46 EPS and FY2018 earnings at $2.35 EPS.

A number of other analysts have also recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and set a $81.00 price objective (up previously from $63.00) on shares of EQT in a research report on Tuesday, May 2nd. Scotiabank reiterated a “hold” rating and set a $81.00 price objective on shares of EQT in a research report on Friday, April 28th. Royal Bank of Canada set a $86.00 price objective on EQT and gave the stock a “buy” rating in a research report on Tuesday, April 25th. TheStreet cut EQT from a “c-” rating to a “d+” rating in a research report on Thursday, March 23rd. Finally, Tudor Pickering upgraded EQT from a “hold” rating to a “buy” rating in a research report on Monday, March 13th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $81.50.

Earnings History and Estimates for EQT (NYSE:EQT)

TRADEMARK VIOLATION WARNING: “Equities Analysts Set Expectations for EQT Co.’s Q2 2017 Earnings (EQT)” was originally posted by Stock Observer and is owned by of Stock Observer. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.thestockobserver.com/2017/06/20/equities-analysts-set-expectations-for-eqt-co-s-q2-2017-earnings-eqt-updated-updated-updated-updated.html.

EQT (NYSE:EQT) opened at 56.42 on Friday. The firm’s market cap is $9.78 billion. The stock’s 50 day moving average is $60.05 and its 200 day moving average is $63.07. EQT has a 12 month low of $55.09 and a 12 month high of $80.61.

EQT (NYSE:EQT) last announced its quarterly earnings results on Thursday, April 27th. The oil and gas producer reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.02. The firm had revenue of $897.50 million for the quarter, compared to analyst estimates of $713.65 million. EQT had a negative net margin of 28.16% and a negative return on equity of 0.53%. The company’s revenue was up 64.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS.

Several institutional investors have recently added to or reduced their stakes in EQT. Point72 Asia Hong Kong Ltd purchased a new position in EQT during the first quarter valued at $110,000. Invictus RG purchased a new position in EQT during the first quarter valued at $119,000. Virtus Investment Advisers Inc. purchased a new position in EQT during the third quarter valued at $185,000. Pacer Advisors Inc. raised its position in EQT by 3.1% in the first quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock valued at $199,000 after buying an additional 99 shares in the last quarter. Finally, Wetherby Asset Management Inc. purchased a new position in EQT during the first quarter valued at $211,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director A. Bray Jr. Cary acquired 421 shares of EQT stock in a transaction dated Monday, April 3rd. The shares were acquired at an average cost of $61.10 per share, with a total value of $25,723.10. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider M Elise Hyland sold 3,479 shares of EQT stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $60.56, for a total value of $210,688.24. Following the completion of the transaction, the insider now directly owns 15,941 shares in the company, valued at $965,386.96. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Friday, May 12th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend is Wednesday, May 10th. EQT’s payout ratio is -4.49%.

About EQT

EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.

12 Month Chart for NYSE:EQT

Receive News & Ratings for EQT Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply