Brokerages forecast that EQT Corporation (NYSE:EQT) will announce $0.33 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for EQT Corporation’s earnings, with estimates ranging from $0.13 to $0.54. EQT Corporation posted earnings per share of $0.25 in the same quarter last year, which would suggest a positive year over year growth rate of 32%. The company is scheduled to issue its next earnings report on Thursday, February 1st.
According to Zacks, analysts expect that EQT Corporation will report full year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.34 to $1.17. For the next fiscal year, analysts forecast that the business will post earnings of $1.68 per share, with EPS estimates ranging from ($0.47) to $4.67. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover EQT Corporation.
EQT Corporation (NYSE:EQT) last announced its earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.17. The company had revenue of $660.30 million for the quarter, compared to analyst estimates of $667.05 million. EQT Corporation had a return on equity of 1.61% and a net margin of 1.39%. EQT Corporation’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.26) earnings per share.
Several analysts recently commented on EQT shares. Royal Bank Of Canada downgraded EQT Corporation from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $86.00 to $80.00 in a research note on Wednesday, July 5th. Stifel Nicolaus lifted their price target on EQT Corporation from $79.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Howard Weil raised EQT Corporation from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, July 14th. Scotiabank raised EQT Corporation from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $77.00 to $81.00 in a research note on Friday, July 14th. Finally, Scotia Howard Weill raised EQT Corporation from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $78.09.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, November 9th. EQT Corporation’s payout ratio is 57.15%.
In related news, Director A. Bray Jr. Cary acquired 406 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was bought at an average price of $65.24 per share, for a total transaction of $26,487.44. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in EQT. Aureus Asset Management LLC bought a new position in EQT Corporation during the second quarter worth about $205,000. Pinebridge Investments L.P. bought a new position in EQT Corporation during the second quarter worth about $212,000. OppenheimerFunds Inc. bought a new position in EQT Corporation during the first quarter worth about $218,000. IFP Advisors Inc grew its holdings in EQT Corporation by 6.4% during the second quarter. IFP Advisors Inc now owns 4,108 shares of the oil and gas producer’s stock worth $241,000 after purchasing an additional 247 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in EQT Corporation by 14.2% during the second quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock worth $339,000 after purchasing an additional 721 shares during the period. Institutional investors own 90.55% of the company’s stock.
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About EQT Corporation
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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