EQT Corporation Expected to Earn Q1 2019 Earnings of $1.00 Per Share (EQT)
EQT Corporation (NYSE:EQT) – Equities research analysts at Jefferies Group issued their Q1 2019 earnings per share estimates for EQT Corporation in a research note issued to investors on Monday. Jefferies Group analyst M. Lear forecasts that the oil and gas producer will post earnings of $1.00 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $66.00 target price on the stock. Jefferies Group also issued estimates for EQT Corporation’s Q2 2019 earnings at $0.77 EPS, Q3 2019 earnings at $0.82 EPS and FY2019 earnings at $3.72 EPS.
EQT Corporation (NYSE:EQT) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. The business had revenue of $631.10 million during the quarter, compared to the consensus estimate of $642.21 million. During the same quarter in the prior year, the firm earned ($0.35) EPS. The company’s revenue for the quarter was up 720.1% compared to the same quarter last year.
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EQT has been the subject of a number of other research reports. BMO Capital Markets reiterated a “buy” rating and set a $75.00 target price on shares of EQT Corporation in a research report on Friday, September 1st. Royal Bank Of Canada cut shares of EQT Corporation from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $86.00 to $80.00 in a research report on Wednesday, July 5th. Scotiabank set a $79.00 target price on shares of EQT Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. TheStreet upgraded shares of EQT Corporation from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. Finally, Seaport Global Securities upgraded shares of EQT Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $57.00 to $79.00 in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $79.30.
EQT Corporation (NYSE EQT) traded down 0.22% on Wednesday, reaching $62.74. 1,067,514 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $63.20 and a 200-day moving average of $60.50. The firm has a market capitalization of $10.87 billion, a price-to-earnings ratio of 2091.33 and a beta of 0.77. EQT Corporation has a 12 month low of $49.63 and a 12 month high of $75.74.
In other EQT Corporation news, Director A. Bray Jr. Cary bought 406 shares of EQT Corporation stock in a transaction dated Monday, October 2nd. The shares were bought at an average price of $65.24 per share, with a total value of $26,487.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC boosted its stake in shares of EQT Corporation by 2.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 697,211 shares of the oil and gas producer’s stock valued at $40,850,000 after purchasing an additional 14,019 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of EQT Corporation in the 2nd quarter valued at about $2,466,000. 361 Capital LLC boosted its stake in shares of EQT Corporation by 29.2% in the 2nd quarter. 361 Capital LLC now owns 99,822 shares of the oil and gas producer’s stock valued at $5,849,000 after purchasing an additional 22,574 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of EQT Corporation in the 2nd quarter valued at about $4,142,000. Finally, Aureus Asset Management LLC bought a new position in shares of EQT Corporation in the 2nd quarter valued at about $205,000. 90.55% of the stock is currently owned by institutional investors.
About EQT Corporation
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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