EQT Co. (NYSE:EQT) – Equities research analysts at SunTrust Banks reduced their Q2 2019 earnings per share estimates for shares of EQT in a report issued on Wednesday. SunTrust Banks analyst W. Fitzpatrick now expects that the oil and gas producer will post earnings of $0.29 per share for the quarter, down from their prior estimate of $0.30. SunTrust Banks currently has a “Hold” rating and a $65.00 target price on the stock. SunTrust Banks also issued estimates for EQT’s Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.44 EPS and FY2019 earnings at $1.67 EPS.
EQT (NYSE:EQT) last posted its earnings results on Thursday, February 15th. The oil and gas producer reported $0.76 EPS for the quarter, topping the consensus estimate of $0.22 by $0.54. EQT had a net margin of 44.66% and a return on equity of 2.35%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $909.42 million. During the same quarter in the prior year, the firm earned $0.25 EPS. EQT’s quarterly revenue was up 197.9% on a year-over-year basis.
Other research analysts have also recently issued research reports about the stock. BMO Capital Markets restated a “buy” rating and issued a $75.00 target price on shares of EQT in a research report on Tuesday, December 26th. Citigroup restated a “buy” rating and issued a $79.00 target price on shares of EQT in a research report on Monday, January 22nd. Morgan Stanley decreased their target price on shares of EQT from $63.00 to $59.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Jefferies Group set a $65.00 target price on shares of EQT and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada set a $77.00 target price on shares of EQT and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $77.38.
EQT (NYSE:EQT) traded up $1.16 during midday trading on Friday, reaching $51.98. 2,454,034 shares of the company’s stock traded hands, compared to its average volume of 4,298,844. EQT has a 1 year low of $43.70 and a 1 year high of $67.84. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.40. The company has a market cap of $13,670.00, a PE ratio of 30.99, a price-to-earnings-growth ratio of 1.93 and a beta of 0.70.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Tuesday, February 13th. EQT’s dividend payout ratio (DPR) is presently 7.23%.
Institutional investors have recently bought and sold shares of the company. Calton & Associates Inc. bought a new stake in EQT during the fourth quarter worth approximately $104,000. NuWave Investment Management LLC bought a new stake in EQT during the fourth quarter worth approximately $126,000. Assetmark Inc. boosted its holdings in EQT by 445.1% during the fourth quarter. Assetmark Inc. now owns 2,284 shares of the oil and gas producer’s stock worth $130,000 after buying an additional 1,865 shares in the last quarter. Zeke Capital Advisors LLC bought a new stake in EQT during the third quarter worth approximately $212,000. Finally, FNY Partners Fund LP bought a new stake in EQT during the fourth quarter worth approximately $220,000.
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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.
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