EQT (EQT) Posts Quarterly Earnings Results, Misses Estimates By $0.09 EPS
EQT (NYSE:EQT) posted its quarterly earnings results on Thursday. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.82 by $0.09, Stock Ratings Network.com reports. The company had revenue of $526.16 million for the quarter, compared to the consensus estimate of $603.91 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of EQT in a research note on Friday, July 18th. They now have a $130.00 price target on the stock, up previously from $125.00. On a related note, analysts at Canaccord Genuity initiated coverage on shares of EQT in a research note on Wednesday, July 16th. They set a “buy” rating and a $123.00 price target on the stock. Finally, analysts at Prime Executions initiated coverage on shares of EQT in a research note on Tuesday, July 15th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. EQT presently has a consensus rating of “Buy” and a consensus target price of $117.90.
EQT (NYSE:EQT) traded up 4.33% on Thursday, hitting $104.25. The stock had a trading volume of 2,113,374 shares. EQT has a 52-week low of $80.72 and a 52-week high of $111.47. The stock’s 50-day moving average is $104.9 and its 200-day moving average is $101.0. The company has a market cap of $15.820 billion and a P/E ratio of 31.47.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 1st. Stockholders of record on Friday, August 15th 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, August 13th.
EQT Corporation (NYSE:EQT) conducts its business through three business segments: EQT Production, EQT Midstream and Distribution.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.