$846.03 Million in Sales Expected for EQT Corporation (EQT) This Quarter

Equities analysts predict 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 highest sales estimate is $951.10 million and the lowest is $797.23 million. EQT posted sales of $379.02 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 123.2%. The firm is expected to issue its next earnings report on Thursday, February 1st.

According to Zacks, analysts expect that EQT will report full-year sales of $846.03 million for the current financial 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 research analysts that that provide coverage for EQT.

EQT (NYSE:EQT) last released its quarterly earnings data 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 analyst estimates of $667.05 million. EQT had a return on equity of 1.61% and a net margin of 1.39%. The company’s revenue was up 18.6% compared to the same quarter last year. During the same period last year, the company posted ($0.26) EPS.

EQT has been the subject of several research reports. Credit Suisse Group initiated coverage on EQT in a research note on Monday, December 11th. They set an “outperform” rating and a $70.00 price objective for the company. SunTrust Banks reissued a “hold” rating and set a $65.00 price objective on shares of EQT in a research note on Friday, December 8th. Jefferies Group reaffirmed a “hold” rating and issued a $66.00 target price on shares of EQT in a research report on Tuesday, October 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $75.00 target price on shares of EQT in a research report on Tuesday, December 26th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.00 target price on shares of EQT in a research report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $76.75.

In other EQT news, Director Thomas F. Karam bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average price of $59.26 per share, with a total value of $592,600.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $1,185,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman David L. Porges sold 53,760 shares of the 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 sale, the chairman now owns 438,601 shares of the company’s stock, valued at $25,938,863.14. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Several large investors have recently made changes to their positions in EQT. Aureus Asset Management LLC purchased a new stake in shares of EQT during the second quarter worth $205,000. Pinebridge Investments L.P. purchased a new stake in shares of EQT during the second quarter worth $212,000. Zeke Capital Advisors LLC purchased a new stake in shares of EQT during the third quarter worth $212,000. D.A. Davidson & CO. raised its holdings in shares of EQT 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 acquiring an additional 721 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of EQT by 83.3% during the third quarter. SG Americas Securities LLC now owns 11,763 shares of the oil and gas producer’s stock worth $767,000 after acquiring an additional 5,347 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

EQT (EQT) traded down $0.24 on Friday, hitting $58.46. The stock had a trading volume of 3,119,905 shares, compared to its average volume of 2,949,127. The company has a market cap of $10,203.94, a price-to-earnings ratio of 278.39, a PEG ratio of 2.63 and a beta of 0.76. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. EQT has a 1-year low of $49.63 and a 1-year high of $67.84.

ILLEGAL ACTIVITY WARNING: This story was first posted by Markets Daily and is owned by of Markets Daily. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.themarketsdaily.com/2018/01/13/846-03-million-in-sales-expected-for-eqt-corporation-eqt-this-quarter.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.

Latest News

Leave a Reply