EQT Corporation (EQT) Expected to Post Q3 2017 Earnings of $0.02 Per Share
EQT Corporation (NYSE:EQT) – Jefferies Group issued their Q3 2017 earnings per share estimates for EQT Corporation in a report released on Monday. Jefferies Group analyst M. Lear expects that the oil and gas producer will post earnings of $0.02 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $66.00 price target on the stock. Jefferies Group also issued estimates for EQT Corporation’s Q4 2017 earnings at $0.50 EPS, FY2017 earnings at $1.01 EPS, Q1 2018 earnings at $0.68 EPS, Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.76 EPS and FY2018 earnings at $2.35 EPS.
A number of other research firms also recently commented on EQT. BMO Capital Markets set a $70.00 price objective on EQT Corporation and gave the company a “buy” rating in a report on Friday, July 28th. Royal Bank Of Canada set a $79.00 price objective on EQT Corporation and gave the company a “hold” rating in a report on Friday, July 28th. KLR Group reiterated a “buy” rating and issued a $102.00 price objective (up previously from $101.00) on shares of EQT Corporation in a report on Sunday, July 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $87.00 price objective on shares of EQT Corporation in a report on Thursday, September 14th. Finally, Seaport Global Securities upgraded EQT Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $57.00 to $79.00 in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. EQT Corporation currently has an average rating of “Buy” and a consensus price target of $79.30.
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Shares of EQT Corporation (NYSE:EQT) opened at 63.10 on Thursday. The firm has a market cap of $10.94 billion, a P/E ratio of 2253.57 and a beta of 0.77. The firm has a 50-day moving average price of $63.25 and a 200 day moving average price of $60.52. EQT Corporation has a one year low of $49.63 and a one year high of $75.74.
EQT Corporation (NYSE:EQT) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $631.10 million during the quarter, compared to the consensus estimate of $642.21 million. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. The company’s quarterly revenue was up 720.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.35) earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.19%. EQT Corporation’s dividend payout ratio is presently 400.13%.
In related news, Director A. Bray Jr. Cary acquired 406 shares of EQT Corporation stock in a transaction on Monday, October 2nd. The shares were bought at an average price of $65.24 per share, for a total transaction of $26,487.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd bought a new stake in EQT Corporation in the first quarter valued at about $110,000. Invictus RG bought a new stake in EQT Corporation in the first quarter valued at about $119,000. Pacer Advisors Inc. increased its holdings in EQT Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock valued at $199,000 after buying an additional 99 shares during the last quarter. Aureus Asset Management LLC bought a new stake in EQT Corporation in the second quarter valued at about $205,000. Finally, OppenheimerFunds Inc. bought a new stake in EQT Corporation in the first quarter valued at about $218,000. 90.55% of the stock is owned by hedge funds and other 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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