EQT Corp. (EQT) Announces Quarterly Results
EQT Corp. (NYSE:EQT) announced its earnings results on Wednesday. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.69 by $0.22, StockRatingsNetwork.com reports. The company had revenue of $493.43 million for the quarter, compared to the consensus estimate of $502.00 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 21.5% on a year-over-year basis.
Shares of EQT Corp. (NYSE:EQT) opened at 100.23 on Wednesday. EQT Corp. has a 52-week low of $57.86 and a 52-week high of $100.26. The stock’s 50-day moving average is $91.05 and its 200-day moving average is $87.77. The company has a market cap of $15.106 billion and a price-to-earnings ratio of 37.93.
The company also recently announced a quarterly dividend, which is scheduled for Saturday, March 1st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.12%. The ex-dividend date is Wednesday, February 12th.
A number of analysts have recently weighed in on EQT shares. Analysts at Zacks reiterated a “neutral” rating on shares of EQT Corp. in a research note on Monday. They now have a $103.00 price target on the stock. On a related note, analysts at Stifel Nicolaus upgraded shares of EQT Corp. to an “equal weight” rating in a research note on Friday, February 14th. They now have a $100.00 price target on the stock, up previously from $85.00. Finally, analysts at Maxim Group raised their price target on shares of EQT Corp. from $106.00 to $117.00 in a research note on Friday, February 14th. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $96.00.
EQT Corporation (NYSE:EQT) conducts its business through three business segments: EQT Production, EQT Midstream and Distribution.
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