Wall Street analysts expect that EQT Co. (NYSE:EQT) will report $0.74 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for EQT’s earnings. The highest EPS estimate is $1.22 and the lowest is $0.37. EQT reported earnings of $0.76 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 2.6%. The business is scheduled to report its next quarterly earnings results on Thursday, February 21st.
On average, analysts expect that EQT will report full-year earnings of $2.54 per share for the current year, with EPS estimates ranging from $2.19 to $3.02. For the next fiscal year, analysts anticipate that the company will post earnings of $1.65 per share, with EPS estimates ranging from $0.80 to $2.24. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for EQT.
EQT (NYSE:EQT) last announced its earnings results on Thursday, October 25th. The oil and gas producer reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.11 billion. EQT had a positive return on equity of 3.77% and a negative net margin of 6.86%. During the same period in the prior year, the business posted $0.12 earnings per share.
A number of equities analysts have issued reports on EQT shares. Goldman Sachs Group started coverage on EQT in a report on Monday, September 17th. They set a “neutral” rating and a $54.00 price target on the stock. Jefferies Financial Group set a $52.00 price target on EQT and gave the stock a “hold” rating in a report on Tuesday, September 18th. Royal Bank of Canada set a $71.00 price target on EQT and gave the stock a “buy” rating in a report on Thursday, September 20th. Morgan Stanley cut their price target on EQT from $54.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, September 26th. Finally, Wells Fargo & Co restated a “market weight” rating and set a $63.00 price target on shares of EQT in a report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. EQT presently has an average rating of “Hold” and an average target price of $39.86.
EQT stock opened at $20.37 on Monday. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 0.78 and a beta of 0.72. EQT has a 52-week low of $16.29 and a 52-week high of $59.63. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.48.
In related news, insider Robert Joseph Mcnally purchased 15,800 shares of the stock in a transaction that occurred on Wednesday, October 31st. The stock was acquired at an average cost of $34.16 per share, with a total value of $539,728.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP David Joseph Smith purchased 10,000 shares of the stock in a transaction that occurred on Friday, November 16th. The stock was bought at an average cost of $16.33 per share, with a total value of $163,300.00. Following the completion of the transaction, the senior vice president now directly owns 9,190 shares in the company, valued at approximately $150,072.70. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 100,510 shares of company stock worth $2,419,620. 0.68% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of EQT by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 861,650 shares of the oil and gas producer’s stock valued at $47,555,000 after purchasing an additional 3,077 shares during the last quarter. Korea Investment CORP grew its stake in shares of EQT by 64.9% during the 2nd quarter. Korea Investment CORP now owns 34,541 shares of the oil and gas producer’s stock worth $1,906,000 after acquiring an additional 13,600 shares during the period. AMP Capital Investors Ltd grew its stake in shares of EQT by 1.8% during the 2nd quarter. AMP Capital Investors Ltd now owns 74,536 shares of the oil and gas producer’s stock worth $4,114,000 after acquiring an additional 1,293 shares during the period. Raymond James & Associates grew its stake in shares of EQT by 4.3% during the 2nd quarter. Raymond James & Associates now owns 303,118 shares of the oil and gas producer’s stock worth $16,726,000 after acquiring an additional 12,470 shares during the period. Finally, Canyon Capital Advisors LLC grew its stake in shares of EQT by 6.7% during the 2nd quarter. Canyon Capital Advisors LLC now owns 5,367,710 shares of the oil and gas producer’s stock worth $296,190,000 after acquiring an additional 336,710 shares during the period. 96.49% of the stock is owned by institutional investors and hedge funds.
EQT Company Profile
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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