Brokerages predict that EQT Co. (NYSE:EQT) will post earnings of ($0.17) per share for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have issued estimates for EQT’s earnings. The lowest EPS estimate is ($0.38) and the highest is $0.07. EQT posted earnings of $0.35 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 148.6%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, October 31st.
According to Zacks, analysts expect that EQT will report full-year earnings of $0.89 per share for the current year, with EPS estimates ranging from $0.65 to $1.27. For the next fiscal year, analysts anticipate that the company will post earnings of $0.26 per share, with EPS estimates ranging from ($0.46) to $0.80. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for EQT.
EQT (NYSE:EQT) last announced its earnings results on Thursday, July 25th. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.13. The business had revenue of $958.40 million during the quarter, compared to analysts’ expectations of $929.86 million. EQT had a negative net margin of 7.41% and a positive return on equity of 4.25%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS.
A number of brokerages have commented on EQT. TD Securities decreased their price objective on shares of EQT from $17.50 to $16.00 and set a “hold” rating on the stock in a report on Friday, July 26th. ValuEngine raised shares of EQT from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Morgan Stanley decreased their price objective on shares of EQT from $5.00 to $4.50 and set an “underweight” rating on the stock in a report on Friday, July 26th. Finally, Wells Fargo & Co decreased their price objective on shares of EQT from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. EQT has a consensus rating of “Hold” and a consensus price target of $30.70.
NYSE:EQT traded down $0.09 during mid-day trading on Tuesday, reaching $9.46. 6,191,016 shares of the company were exchanged, compared to its average volume of 4,823,739. EQT has a 12 month low of $9.06 and a 12 month high of $23.86. The company has a fifty day moving average of $10.64 and a 200 day moving average of $15.24. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.48 billion, a PE ratio of 5.56, a PEG ratio of 1.09 and a beta of 0.64.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 8th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 7th. EQT’s dividend payout ratio is currently 7.06%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new position in shares of EQT in the 2nd quarter valued at about $25,000. Point72 Hong Kong Ltd bought a new position in shares of EQT in the 2nd quarter valued at about $37,000. Machina Capital S.A.S. bought a new position in shares of EQT in the 2nd quarter valued at about $45,000. Tower Research Capital LLC TRC boosted its stake in shares of EQT by 1,246.6% in 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 purchasing an additional 3,615 shares during the last quarter. Finally, Toronto Dominion Bank bought a new position in shares of EQT in the 2nd quarter valued at about $231,000. 97.08% of the stock is currently owned by institutional investors.
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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