Analysts Anticipate EQT Corporation (EQT) to Post $0.28 EPS

Equities analysts expect EQT Corporation (NYSE:EQT) to report $0.28 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for EQT’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.52. EQT reported earnings of $0.25 per share during the same quarter last year, which would indicate a positive year over year growth rate of 12%. The business is expected to issue its next earnings report before the market opens on Thursday, February 15th.

On average, analysts expect that EQT will report full year earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.61 to $1.13. For the next year, analysts expect that the firm will post earnings of $1.56 per share, with EPS estimates ranging from $0.44 to $3.82. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow EQT.

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

A number of research analysts have issued reports on the stock. Morgan Stanley dropped their target price on shares of EQT from $63.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday. Citigroup reaffirmed a “buy” rating and issued a $79.00 target price on shares of EQT in a research note on Monday, January 22nd. Zacks Investment Research lowered shares of EQT from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. ValuEngine lowered shares of EQT from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, BMO Capital Markets restated a “buy” rating and set a $75.00 target price on shares of EQT in a report on Tuesday, December 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $76.54.

In related news, Chairman David L. Porges sold 53,760 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $59.14, for a total transaction of $3,179,366.40. Following the completion of the sale, the chairman now owns 438,601 shares in the company, valued at approximately $25,938,863.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas F. Karam bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average price of $59.26 per share, with a total value of $592,600.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $1,185,200. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its holdings in EQT by 14.2% during the 2nd quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock worth $339,000 after buying an additional 721 shares during the period. S&CO Inc. raised its holdings in shares of EQT by 4.6% in the fourth quarter. S&CO Inc. now owns 27,038 shares of the oil and gas producer’s stock valued at $1,539,000 after purchasing an additional 1,197 shares during the last quarter. BB&T Corp increased its holdings in EQT by 5.6% during the third quarter. BB&T Corp now owns 31,297 shares of the oil and gas producer’s stock worth $2,042,000 after buying an additional 1,673 shares during the last quarter. Zeke Capital Advisors LLC acquired a new position in EQT during the third quarter worth $212,000. Finally, Pinebridge Investments L.P. acquired a new position in EQT during the second quarter worth $212,000.

Shares of EQT (EQT) opened at $58.74 on Friday. EQT has a 12-month low of $49.63 and a 12-month high of $67.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $15,610.00, a PE ratio of 293.70, a P/E/G ratio of 2.50 and a beta of 0.76.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date is Tuesday, February 13th. EQT’s dividend payout ratio (DPR) is presently 60.00%.

WARNING: “Analysts Anticipate EQT Corporation (EQT) to Post $0.28 EPS” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/28/analysts-anticipate-eqt-corporation-eqt-to-post-0-28-eps.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.

Leave a Reply