EQT Corp. (EQT) Releases Quarterly Earnings Results
EQT Corp. (NYSE:EQT) issued its quarterly earnings data on Thursday. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.09, AnalystRatingsNetwork reports. The company had revenue of $506.60 million for the quarter, compared to the consensus estimate of $504.90 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 39.1% on a year-over-year basis.
EQT Corp. (NYSE:EQT) opened at 88.02 on Thursday. EQT Corp. has a one year low of $56.35 and a one year high of $89.52. The stock has a 50-day moving average of $85.31 and a 200-day moving average of $77.11. The company has a market cap of $13.255 billion and a P/E ratio of 49.70.
The company also recently declared a quarterly dividend, which is scheduled for Sunday, December 1st. Shareholders of record on Friday, November 15th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Thursday, October 10th.
EQT has been the subject of a number of recent research reports. Analysts at Morgan Stanley downgraded shares of EQT Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, October 7th. On a related note, analysts at UBS AG raised their price target on shares of EQT Corp. from $95.00 to $99.00 in a research note to investors on Wednesday, August 28th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of EQT Corp. in a research note to investors on Thursday, August 8th. They now have a $88.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $87.25.
EQT Corporation (NYSE:EQT) conducts its business through three business segments: EQT Production, EQT Midstream and Distribution.
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