EQT Co. (NYSE:EQT) – Stock analysts at Jefferies Group dropped their Q1 2017 earnings estimates for EQT in a note issued to investors on Tuesday. Jefferies Group analyst Z. Parham now expects that the oil and gas producer will post earnings of $0.51 per share for the quarter, down from their prior forecast of $0.63. Jefferies Group has a “Hold” rating and a $69.00 price objective on the stock.

EQT (NYSE:EQT) last issued its quarterly earnings data on Thursday, February 2nd. The oil and gas producer reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.35. EQT had a negative return on equity of 0.53% and a negative net margin of 28.16%. The business had revenue of $379.02 million for the quarter, compared to the consensus estimate of $578.01 million. During the same period in the prior year, the business earned ($0.07) earnings per share. The business’s revenue was down 37.0% on a year-over-year basis.

TRADEMARK VIOLATION WARNING: This article was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/04/20/jefferies-group-analysts-reduce-earnings-estimates-for-eqt-co-eqt.html.

Earnings History and Estimates for EQT (NYSE:EQT)

Other analysts have also recently issued research reports about the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $88.00 price target on shares of EQT in a research report on Tuesday, March 28th. Zacks Investment Research cut EQT from a “buy” rating to a “hold” rating in a research report on Tuesday, March 7th. Scotiabank set a $80.00 price target on EQT and gave the stock a “hold” rating in a research report on Monday, March 27th. KLR Group reaffirmed a “buy” rating and issued a $94.00 price target on shares of EQT in a research report on Friday, February 3rd. Finally, Stifel Nicolaus started coverage on EQT in a research report on Thursday, March 23rd. They issued a “buy” rating and a $63.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $80.64.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/jefferies-group-analysts-reduce-earnings-estimates-for-eqt-co-eqt.html

EQT (NYSE:EQT) opened at 62.25 on Thursday. EQT has a 52-week low of $56.33 and a 52-week high of $80.61. The company’s 50-day moving average price is $60.06 and its 200 day moving average price is $64.61. The stock’s market capitalization is $10.76 billion.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Friday, May 12th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.19%. EQT’s dividend payout ratio is -4.49%.

In other news, insider M Elise Hyland sold 3,479 shares of the company’s stock in a transaction that occurred on Friday, March 31st. The stock was sold at an average price of $60.56, for a total value of $210,688.24. Following the sale, the insider now directly owns 15,941 shares in the company, valued at approximately $965,386.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A. Bray Jr. Cary acquired 421 shares of the stock in a transaction dated Monday, April 3rd. The stock was bought at an average price of $61.10 per share, for a total transaction of $25,723.10. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in EQT. Canada Pension Plan Investment Board raised its stake in EQT by 193.8% in the third quarter. Canada Pension Plan Investment Board now owns 1,510 shares of the oil and gas producer’s stock valued at $110,000 after buying an additional 996 shares in the last quarter. Northern Trust Corp raised its stake in EQT by 2.8% in the third quarter. Northern Trust Corp now owns 1,801,559 shares of the oil and gas producer’s stock valued at $130,828,000 after buying an additional 48,988 shares in the last quarter. Whittier Trust Co. bought a new stake in EQT during the third quarter valued at $5,200,000. Boston Private Wealth LLC raised its stake in EQT by 11.8% in the third quarter. Boston Private Wealth LLC now owns 160,080 shares of the oil and gas producer’s stock valued at $11,625,000 after buying an additional 16,928 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in EQT by 1.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 364,703 shares of the oil and gas producer’s stock valued at $26,485,000 after buying an additional 6,699 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

About EQT

EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.

5 Day Chart for NYSE:EQT

Receive News & Ratings for EQT Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Co. and related companies with MarketBeat.com's FREE daily email newsletter.