Equities research analysts forecast that EQT Co. (NYSE:EQT) will post sales of $1.19 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for EQT’s earnings. The lowest sales estimate is $1.13 billion and the highest is $1.28 billion. EQT posted sales of $1.13 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.3%. The company is expected to issue its next quarterly earnings results on Thursday, February 21st.
On average, analysts expect that EQT will report full-year sales of $4.78 billion for the current year, with estimates ranging from $4.67 billion to $4.93 billion. For the next fiscal year, analysts anticipate that the business will report sales of $4.71 billion, with estimates ranging from $4.25 billion to $4.98 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for EQT.
EQT (NYSE:EQT) last posted its quarterly earnings results on Thursday, October 25th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.11 billion. EQT had a positive return on equity of 3.77% and a negative net margin of 6.86%. During the same period in the prior year, the business earned $0.12 EPS.
EQT has been the topic of a number of research reports. Morgan Stanley lowered their target price on EQT from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 12th. Royal Bank of Canada set a $74.00 target price on EQT and gave the stock a “buy” rating in a research report on Thursday, July 19th. TheStreet raised EQT from a “d+” rating to a “c-” rating in a research report on Monday, July 23rd. LADENBURG THALM/SH SH set a $70.00 target price on EQT and gave the stock a “buy” rating in a research report on Friday, August 17th. Finally, Goldman Sachs Group initiated coverage on EQT in a research report on Monday, September 17th. They set a “neutral” rating and a $54.00 target price on the stock. Two 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. EQT presently has an average rating of “Hold” and a consensus price target of $57.77.
EQT stock opened at $34.17 on Thursday. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 1.01 and a beta of 0.91. EQT has a 52-week low of $30.53 and a 52-week high of $66.03. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.48.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Wednesday, November 21st will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Tuesday, November 20th. EQT’s payout ratio is currently 8.16%.
In other EQT news, Director James E. Rohr bought 10,000 shares of the firm’s stock in a transaction dated Thursday, November 1st. The stock was purchased at an average cost of $34.66 per share, with a total value of $346,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Joseph Mcnally bought 15,800 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The shares were acquired at an average cost of $34.16 per share, with a total value of $539,728.00. The disclosure for this purchase can be found here. Insiders purchased a total of 42,609 shares of company stock valued at $1,447,612 over the last three months. 0.68% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in EQT. Iridian Asset Management LLC CT bought a new position in shares of EQT during the 2nd quarter worth $195,704,000. Sound Shore Management Inc. CT bought a new position in shares of EQT during the 2nd quarter worth $177,755,000. Scopia Capital Management LP bought a new position in shares of EQT during the 2nd quarter worth $102,772,000. Nomura Holdings Inc. grew its stake in shares of EQT by 182,853.9% during the 2nd quarter. Nomura Holdings Inc. now owns 1,535,133 shares of the oil and gas producer’s stock worth $84,708,000 after acquiring an additional 1,535,973 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of EQT by 20.3% during the 3rd quarter. American Century Companies Inc. now owns 5,932,268 shares of the oil and gas producer’s stock worth $262,384,000 after acquiring an additional 1,002,794 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.
EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.
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