FY2017 EPS Estimates for EQT Corporation (EQT) Lifted by US Capital Advisors
EQT Corporation (NYSE:EQT) – Analysts at US Capital Advisors boosted their FY2017 EPS estimates for shares of EQT Corporation in a research note issued to investors on Monday. US Capital Advisors analyst C. Horwitz now expects that the oil and gas producer will post earnings of $0.79 per share for the year, up from their prior forecast of $0.35. US Capital Advisors also issued estimates for EQT Corporation’s Q4 2017 earnings at $0.18 EPS, Q2 2018 earnings at $0.00 EPS, FY2018 earnings at $0.67 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.07 EPS, Q3 2019 earnings at $0.09 EPS and FY2019 earnings at $1.09 EPS.
EQT Corporation (NYSE:EQT) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.17. EQT Corporation had a return on equity of 1.61% and a net margin of 1.39%. The firm had revenue of $660.30 million during the quarter, compared to analysts’ expectations of $667.05 million. During the same period last year, the business posted ($0.26) earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year.
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EQT Corporation (NYSE:EQT) opened at $58.18 on Thursday. EQT Corporation has a 12 month low of $49.63 and a 12 month high of $75.74. The stock has a market capitalization of $10,137.88, a PE ratio of 67.03, a PEG ratio of 4.59 and a beta of 0.79. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29.
A number of institutional investors and hedge funds have recently modified their holdings of EQT. Aureus Asset Management LLC acquired a new stake in EQT Corporation in the second quarter valued at approximately $205,000. Pinebridge Investments L.P. acquired a new stake in EQT Corporation in the second quarter valued at approximately $212,000. Zeke Capital Advisors LLC acquired a new stake in EQT Corporation in the third quarter valued at approximately $212,000. OppenheimerFunds Inc. acquired a new stake in EQT Corporation in the first quarter valued at approximately $218,000. Finally, IFP Advisors Inc grew its holdings in EQT Corporation by 6.4% in the second quarter. IFP Advisors Inc now owns 4,108 shares of the oil and gas producer’s stock valued at $241,000 after purchasing an additional 247 shares during the period. 99.97% of the stock is currently owned by institutional investors.
In other EQT Corporation news, Director A. Bray Jr. Cary acquired 406 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were bought at an average cost of $65.24 per share, with a total value of $26,487.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David L. Porges sold 53,760 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $59.14, for a total value of $3,179,366.40. Following the completion of the sale, the chairman now directly owns 438,601 shares in the company, valued at $25,938,863.14. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.21%. The ex-dividend date is Thursday, November 9th. EQT Corporation’s payout ratio is currently 57.15%.
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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