EQT Corporation (EQT) Expected to Announce Quarterly Sales of $846.03 Million
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 (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.
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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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