Analysts forecast that EQT Corporation (NYSE:EQT) will post sales of $846.03 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for EQT’s earnings. The lowest sales estimate is $797.23 million and the highest is $951.10 million. EQT posted sales of $379.02 million during the same quarter last year, which suggests a positive year-over-year growth rate of 123.2%. The business is scheduled to report its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that EQT will report full year sales of $846.03 million for the current year, with estimates ranging from $3.05 billion to $3.20 billion. For the next year, analysts forecast that the firm will report sales of $4.85 billion per share, with estimates ranging from $4.41 billion to $5.12 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover EQT.

EQT (NYSE:EQT) last posted its earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.17. The company had revenue of $660.30 million for the quarter, compared to the consensus estimate of $667.05 million. EQT had a return on equity of 1.61% and a net margin of 1.39%. EQT’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.26) earnings per share.

EQT has been the topic of a number of research analyst reports. Scotiabank reiterated an “average” rating and set a $79.00 target price on shares of EQT in a research report on Wednesday, October 4th. Seaport Global Securities upgraded EQT from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $57.00 to $79.00 in a research report on Tuesday, September 26th. BMO Capital Markets set a $75.00 target price on EQT and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Cowen set a $80.00 target price on EQT and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $64.00 target price on shares of EQT in a research report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. EQT currently has an average rating of “Hold” and a consensus price target of $76.75.

EQT (EQT) traded down $0.24 on Friday, reaching $58.46. The company’s stock had a trading volume of 3,119,905 shares, compared to its average volume of 2,949,127. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market capitalization of $10,203.94, a P/E ratio of 278.39, a price-to-earnings-growth ratio of 2.63 and a beta of 0.76. EQT has a one year low of $49.63 and a one year high of $67.84.

In related news, Director Thomas F. Karam purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average cost of $59.26 per share, with a total value of $592,600.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $1,185,200. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman David L. Porges sold 53,760 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $59.14, for a total value of $3,179,366.40. Following the completion of the transaction, the chairman now directly owns 438,601 shares of the company’s stock, valued at $25,938,863.14. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zeke Capital Advisors LLC acquired a new position in EQT in the third quarter valued at $212,000. Aureus Asset Management LLC acquired a new position in EQT in the second quarter valued at $205,000. Pinebridge Investments L.P. acquired a new position in EQT in the second quarter valued at $212,000. D.A. Davidson & CO. increased its stake in EQT 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 purchasing an additional 721 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in EQT by 83.3% in the third quarter. SG Americas Securities LLC now owns 11,763 shares of the oil and gas producer’s stock valued at $767,000 after purchasing an additional 5,347 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This story was first reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/01/13/eqt-corporation-eqt-expected-to-announce-quarterly-sales-of-846-03-million.html.

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.

Get a free copy of the Zacks research report on EQT (EQT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for EQT (NYSE:EQT)

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