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.
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.
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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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