-$0.04 EPS Expected for EQT Co. (NYSE:EQT) This Quarter

Analysts expect EQT Co. (NYSE:EQT) to report ($0.04) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for EQT’s earnings, with estimates ranging from ($0.24) to $0.13. EQT reported earnings per share of $0.44 during the same quarter last year, which suggests a negative year over year growth rate of 109.1%. The firm is expected to issue its next quarterly earnings report before the market opens on Thursday, July 25th.

According to Zacks, analysts expect that EQT will report full-year earnings of $0.97 per share for the current financial year, with EPS estimates ranging from $0.13 to $1.81. For the next fiscal year, analysts expect that the business will report earnings of $0.40 per share, with EPS estimates ranging from ($0.77) to $1.65. Zacks’ EPS calculations are an average based on a survey of research analysts that cover EQT.

EQT (NYSE:EQT) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas producer reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.11. EQT had a negative net margin of 10.17% and a positive return on equity of 4.51%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business posted $0.67 earnings per share. The company’s revenue was down 12.9% on a year-over-year basis.

EQT has been the topic of several recent analyst reports. Cowen set a $27.00 price target on shares of Schnitzer Steel Industries and gave the stock a “hold” rating in a research note on Tuesday, April 9th. MKM Partners reaffirmed a “neutral” rating and issued a $71.00 price target on shares of Hess in a research note on Tuesday, April 16th. Wells Fargo & Co downgraded shares of Occidental Petroleum from an “outperform” rating to a “market perform” rating in a research note on Monday, May 20th. Macquarie initiated coverage on shares of Antero Resources in a research note on Wednesday, May 29th. They issued an “underperform” rating and a $5.50 price target on the stock. Finally, TD Securities reduced their price target on shares of West Fraser Timber from C$83.00 to C$80.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. EQT presently has a consensus rating of “Hold” and a consensus price target of $34.38.

Shares of EQT traded up $0.20 during midday trading on Tuesday, hitting $15.45. The stock had a trading volume of 3,160,894 shares, compared to its average volume of 4,678,251. EQT has a 1 year low of $14.28 and a 1 year high of $30.85. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 1.59 and a beta of 0.60. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $16.09.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Friday, August 9th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, August 8th. EQT’s payout ratio is 7.06%.

In other news, CEO Robert Joseph Mcnally purchased 13,572 shares of the stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average cost of $18.37 per share, for a total transaction of $249,317.64. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Erin R. Centofanti sold 2,970 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $16.03, for a total transaction of $47,609.10. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in EQT in the 1st quarter worth approximately $29,000. Machina Capital S.A.S. acquired a new stake in EQT in the 2nd quarter worth approximately $45,000. Hilton Capital Management LLC acquired a new stake in EQT in the 1st quarter worth approximately $65,000. Bronfman E.L. Rothschild L.P. boosted its stake in EQT by 287.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 4,184 shares of the oil and gas producer’s stock worth $79,000 after purchasing an additional 3,103 shares in the last quarter. Finally, Hunter Associates Investment Management LLC acquired a new stake in EQT in the 1st quarter worth approximately $200,000. Institutional investors and hedge funds own 95.85% of the company’s stock.

EQT Company Profile

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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Earnings History and Estimates for EQT (NYSE:EQT)

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