-$0.17 Earnings Per Share Expected for EQT Co. (NYSE:EQT) This Quarter

Wall Street analysts expect that EQT Co. (NYSE:EQT) will report ($0.17) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Fourteen analysts have provided estimates for EQT’s earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at ($0.38). EQT reported earnings of $0.35 per share in the same quarter last year, which would indicate a negative year over year growth rate of 148.6%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, October 31st.

On average, analysts expect that EQT will report full-year earnings of $0.89 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $1.27. For the next fiscal year, analysts expect that the business will report earnings of $0.26 per share, with EPS estimates ranging from ($0.46) to $0.80. Zacks’ EPS averages are an average based on a survey of analysts that follow EQT.

EQT (NYSE:EQT) last announced its earnings results on Thursday, July 25th. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.13. The company had revenue of $958.40 million for the quarter, compared to analyst estimates of $929.86 million. EQT had a positive return on equity of 4.25% and a negative net margin of 7.41%. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 earnings per share.

A number of analysts have recently weighed in on EQT shares. ValuEngine raised EQT from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. TD Securities cut their price objective on EQT from $17.50 to $16.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Wells Fargo & Co cut their price objective on EQT from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Finally, Morgan Stanley cut their price objective on EQT from $5.00 to $4.50 and set an “underweight” rating on the stock in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $30.70.

NYSE EQT traded down $0.09 on Tuesday, reaching $9.46. The stock had a trading volume of 6,191,016 shares, compared to its average volume of 4,823,739. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 5.56, a P/E/G ratio of 1.09 and a beta of 0.64. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. EQT has a 12-month low of $9.06 and a 12-month high of $23.86. The stock has a fifty day moving average price of $10.64 and a two-hundred day moving average price of $15.24.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 8th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Thursday, November 7th. EQT’s dividend payout ratio is currently 7.06%.

Several hedge funds have recently modified their holdings of EQT. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of EQT during the second quarter worth $115,579,000. HBK Investments L P grew its stake in shares of EQT by 66.7% during the second quarter. HBK Investments L P now owns 5,000,000 shares of the oil and gas producer’s stock worth $79,050,000 after purchasing an additional 1,999,994 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of EQT by 91.3% during the second quarter. Nuveen Asset Management LLC now owns 2,674,144 shares of the oil and gas producer’s stock worth $42,278,000 after purchasing an additional 1,276,072 shares in the last quarter. Balyasny Asset Management LLC acquired a new position in shares of EQT during the second quarter worth $39,818,000. Finally, Victory Capital Management Inc. grew its stake in shares of EQT by 15.4% during the second quarter. Victory Capital Management Inc. now owns 2,245,620 shares of the oil and gas producer’s stock worth $35,503,000 after purchasing an additional 299,385 shares in the last quarter. Hedge funds and other institutional investors own 97.08% of the company’s stock.

About EQT

EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.

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