EQT (EQT) Announces Earnings Results, Beats Expectations By $0.54 EPS

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

Shares of EQT (NYSE:EQT) traded up $2.49 on Thursday, reaching $51.00. The company had a trading volume of 1,865,978 shares, compared to its average volume of 3,739,239. EQT has a 1 year low of $43.70 and a 1 year high of $67.84. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $8,234.42, a price-to-earnings ratio of 231.01, a price-to-earnings-growth ratio of 1.89 and a beta of 0.70.

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

EQT has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on EQT from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Cowen set a $80.00 price target on EQT and gave the stock a “buy” rating in a research report on Wednesday, October 18th. SunTrust Banks reaffirmed a “hold” rating and issued a $67.00 price target on shares of EQT in a research report on Friday, October 27th. BMO Capital Markets reaffirmed a “buy” rating and issued a $75.00 price target on shares of EQT in a research report on Tuesday, November 14th. Finally, Credit Suisse Group started coverage on EQT in a research report on Monday, December 11th. They issued an “outperform” rating and a $70.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $76.77.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Share Andrew L. bought a new stake in shares of EQT in the 4th quarter valued at approximately $580,007,000. BlackRock Inc. grew its stake in shares of EQT by 29.7% in the 4th quarter. BlackRock Inc. now owns 18,616,806 shares of the oil and gas producer’s stock valued at $1,059,671,000 after purchasing an additional 4,265,536 shares during the period. NWQ Investment Management Company LLC grew its stake in shares of EQT by 45.6% in the 4th quarter. NWQ Investment Management Company LLC now owns 2,665,792 shares of the oil and gas producer’s stock valued at $151,737,000 after purchasing an additional 834,827 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of EQT by 27.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 3,797,012 shares of the oil and gas producer’s stock valued at $216,126,000 after purchasing an additional 820,493 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of EQT by 44.1% in the 4th quarter. Geode Capital Management LLC now owns 2,555,286 shares of the oil and gas producer’s stock valued at $145,137,000 after purchasing an additional 782,352 shares during the period.

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EQT Company Profile

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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