EQT Co. (NYSE:EQT) – Analysts at US Capital Advisors dropped their Q3 2019 EPS estimates for shares of EQT in a report released on Wednesday, October 16th. US Capital Advisors analyst C. Horwitz now expects that the oil and gas producer will post earnings per share of ($0.10) for the quarter, down from their prior estimate of ($0.06). US Capital Advisors also issued estimates for EQT’s Q4 2019 earnings at ($0.09) EPS, FY2019 earnings at $0.72 EPS, Q1 2020 earnings at $0.00 EPS, Q2 2020 earnings at ($0.19) EPS, Q3 2020 earnings at ($0.15) EPS, Q4 2020 earnings at ($0.07) EPS, FY2020 earnings at ($0.42) EPS, Q1 2021 earnings at $0.09 EPS, Q2 2021 earnings at ($0.21) EPS, Q3 2021 earnings at ($0.17) EPS and FY2021 earnings at ($0.35) EPS.
A number of other equities analysts also recently commented on EQT. Wells Fargo & Co reduced their price objective on shares of EQT from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. ValuEngine raised shares of EQT from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. TD Securities reduced their price objective on shares of EQT from $17.50 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Finally, Morgan Stanley reduced their price objective on shares of EQT from $5.00 to $4.50 and set an “underweight” rating for the company in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. EQT has an average rating of “Hold” and a consensus price target of $30.70.
EQT (NYSE:EQT) last posted its quarterly earnings results on Thursday, July 25th. The oil and gas producer reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.13. The firm had revenue of $958.40 million during the quarter, compared to the consensus estimate of $929.86 million. EQT had a negative net margin of 7.41% and a positive return on equity of 4.25%. The company’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 8th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 7th. EQT’s dividend payout ratio (DPR) is 7.06%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC purchased a new position in EQT in the third quarter worth $901,000. Robeco Institutional Asset Management B.V. grew its holdings in EQT by 48.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 644,267 shares of the oil and gas producer’s stock worth $6,855,000 after purchasing an additional 208,945 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in EQT by 17.3% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 16,169 shares of the oil and gas producer’s stock worth $172,000 after purchasing an additional 2,386 shares during the last quarter. Ferguson Wellman Capital Management Inc. purchased a new position in EQT in the third quarter worth $435,000. Finally, Fox Run Management L.L.C. purchased a new position in EQT in the third quarter worth $157,000. 97.08% of the stock is currently owned by institutional investors and hedge funds.
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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