Analysts expect EQT Co. (NYSE:EQT) to report earnings per share (EPS) of $0.38 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for EQT’s earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.60. EQT posted earnings of $0.06 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 533.3%. The company is expected to issue its next quarterly earnings results on Thursday, July 26th.
According to Zacks, analysts expect that EQT will report full year earnings of $2.05 per share for the current year, with EPS estimates ranging from $1.11 to $2.54. For the next fiscal year, analysts anticipate that the company will report earnings of $2.01 per share, with EPS estimates ranging from $1.04 to $2.91. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for EQT.
EQT (NYSE:EQT) last posted its quarterly earnings results on Thursday, April 26th. The oil and gas producer reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.02. EQT had a negative net margin of 6.17% and a positive return on equity of 3.45%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the business posted $0.43 earnings per share. EQT’s revenue for the quarter was up 60.3% compared to the same quarter last year.
Several equities analysts have commented on the stock. ValuEngine raised shares of EQT from a “sell” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. set a $70.00 target price on shares of EQT and gave the stock a “buy” rating in a research report on Wednesday, June 13th. Stifel Nicolaus assumed coverage on shares of EQT in a research report on Wednesday, May 23rd. They set a “buy” rating and a $65.00 target price on the stock. TheStreet downgraded shares of EQT from a “c” rating to a “d+” rating in a research report on Monday, April 30th. Finally, Morgan Stanley lowered their target price on shares of EQT from $67.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, April 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $74.00.
In other EQT news, insider Robert Joseph Mcnally purchased 4,000 shares of the stock in a transaction dated Wednesday, June 6th. The shares were bought at an average cost of $51.18 per share, with a total value of $204,720.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.68% of the company’s stock.
Several large investors have recently modified their holdings of EQT. Calton & Associates Inc. bought a new stake in shares of EQT in the fourth quarter valued at about $104,000. NuWave Investment Management LLC bought a new stake in shares of EQT in the fourth quarter valued at about $126,000. Assetmark Inc. lifted its stake in shares of EQT by 445.1% in the fourth quarter. Assetmark Inc. now owns 2,284 shares of the oil and gas producer’s stock valued at $130,000 after buying an additional 1,865 shares during the period. Virtu Financial LLC bought a new stake in shares of EQT in the fourth quarter valued at about $220,000. Finally, Fulton Bank N.A. bought a new stake in shares of EQT in the first quarter valued at about $245,000. 88.96% of the stock is currently owned by institutional investors.
EQT stock traded up $0.33 during mid-day trading on Wednesday, hitting $56.78. 2,888,026 shares of the company’s stock were exchanged, compared to its average volume of 3,303,357. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 1.81 and a beta of 0.69. EQT has a 1-year low of $43.70 and a 1-year high of $67.84.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 11th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Thursday, May 10th. EQT’s dividend payout ratio is currently 8.16%.
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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