EQT (EQT) Posts Earnings Results, Beats Estimates By $0.54 EPS

EQT (NYSE:EQT) issued its quarterly earnings data on Thursday. The oil and gas producer reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.54, Bloomberg Earnings reports. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $909.42 million. EQT had a return on equity of 1.61% and a net margin of 1.39%. The firm’s revenue for the quarter was up 197.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 EPS.

Shares of EQT (EQT) traded up $0.61 during mid-day trading on Thursday, hitting $49.12. The company’s stock had a trading volume of 574,267 shares, compared to its average volume of 3,731,066. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. EQT has a 52 week low of $43.70 and a 52 week high of $67.84. The company has a market cap of $8,234.42, a P/E ratio of 231.01, a P/E/G ratio of 1.89 and a beta of 0.70.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be given a $0.03 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.24%. EQT’s dividend payout ratio is currently 57.15%.

Hedge funds have recently made changes to their positions in the business. Calton & Associates Inc. bought a new stake in shares of EQT in the 4th quarter worth approximately $104,000. NuWave Investment Management LLC bought a new stake in shares of EQT in the 4th quarter worth approximately $126,000. Assetmark Inc. lifted its position in shares of EQT by 445.1% in the 4th quarter. Assetmark Inc. now owns 2,284 shares of the oil and gas producer’s stock worth $130,000 after acquiring an additional 1,865 shares during the period. Zeke Capital Advisors LLC bought a new stake in shares of EQT in the 3rd quarter worth approximately $212,000. Finally, FNY Partners Fund LP bought a new stake in shares of EQT in the 4th quarter worth approximately $220,000.

A number of research analysts have recently commented on the company. Wolfe Research raised EQT from a “peer perform” rating to an “outperform” rating in a report on Wednesday. SunTrust Banks restated a “hold” rating and set a $65.00 target price on shares of EQT in a research note on Friday, December 8th. Credit Suisse Group assumed coverage on EQT in a research note on Monday, December 11th. They set an “outperform” rating and a $70.00 target price for the company. Cowen set a $80.00 target price on EQT and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Jefferies Group set a $62.00 target price on EQT and gave the company a “hold” rating in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $76.77.

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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.

Earnings History for EQT (NYSE:EQT)

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