EQT Corporation (EQT) Expected to Post Earnings of $0.09 Per Share
Equities research analysts expect EQT Corporation (NYSE:EQT) to report $0.09 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for EQT Corporation’s earnings. The lowest EPS estimate is ($0.05) and the highest is $0.29. EQT Corporation posted earnings per share of ($0.26) during the same quarter last year, which would suggest a positive year over year growth rate of 134.6%. The company is expected to issue its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that EQT Corporation will report full-year earnings of $1.05 per share for the current year, with EPS estimates ranging from $0.66 to $1.46. For the next year, analysts forecast that the company will report earnings of $1.63 per share, with EPS estimates ranging from $0.44 to $3.51. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover EQT Corporation.
EQT Corporation (NYSE:EQT) last released its earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. The firm had revenue of $631.10 million during the quarter, compared to analysts’ expectations of $642.21 million. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. The company’s revenue was up 720.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.35) EPS.
Several brokerages recently issued reports on EQT. Scotiabank set a $77.00 target price on shares of EQT Corporation and gave the company a “hold” rating in a research report on Saturday, July 1st. TheStreet upgraded shares of EQT Corporation from a “d+” rating to a “c-” rating in a research report on Monday. BMO Capital Markets upgraded shares of EQT Corporation from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Tuesday, June 20th. Jefferies Group LLC set a $66.00 target price on shares of EQT Corporation and gave the company a “hold” rating in a research report on Monday, May 1st. Finally, Stifel Nicolaus restated a “buy” rating and set a $81.00 target price (up from $63.00) on shares of EQT Corporation in a research report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. EQT Corporation has an average rating of “Buy” and a consensus target price of $79.58.
EQT Corporation (NYSE EQT) traded down 0.48% during trading on Wednesday, reaching $60.76. The company’s stock had a trading volume of 1,990,053 shares. EQT Corporation has a 12 month low of $49.63 and a 12 month high of $75.74. The company has a market cap of $10.53 billion, a P/E ratio of 2170.00 and a beta of 0.77. The stock’s 50-day moving average is $61.80 and its 200 day moving average is $59.78.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Wednesday, August 9th. EQT Corporation’s dividend payout ratio (DPR) is presently 400.13%.
In related news, insider Robert Joseph Mcnally bought 1,500 shares of the stock in a transaction dated Wednesday, June 21st. The shares were purchased at an average price of $50.00 per share, with a total value of $75,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director A. Bray Jr. Cary bought 28,000 shares of the stock in a transaction dated Friday, June 23rd. The stock was bought at an average cost of $53.55 per share, for a total transaction of $1,499,400.00. Following the acquisition, the director now directly owns 22,627 shares of the company’s stock, valued at approximately $1,211,675.85. The disclosure for this purchase can be found here. Insiders bought 41,901 shares of company stock worth $2,211,775 in the last three months. Insiders own 1.00% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new position in EQT Corporation during the second quarter valued at approximately $2,466,000. 361 Capital LLC increased its position in EQT Corporation by 29.2% in the second quarter. 361 Capital LLC now owns 99,822 shares of the oil and gas producer’s stock valued at $5,849,000 after buying an additional 22,574 shares during the period. C M Bidwell & Associates Ltd. bought a new position in EQT Corporation during the second quarter valued at approximately $4,142,000. Aureus Asset Management LLC bought a new position in EQT Corporation during the second quarter valued at approximately $205,000. Finally, D.A. Davidson & CO. increased its position in EQT Corporation by 14.2% in the second quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock valued at $339,000 after buying an additional 721 shares during the period. 90.07% of the stock is currently owned by hedge funds and other institutional investors.
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EQT Corporation Company Profile
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.
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