Equities research analysts forecast that EQT (NYSE:EQT) will report earnings per share (EPS) of $0.90 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for EQT’s earnings. The lowest EPS estimate is $0.39 and the highest is $1.28. EQT posted earnings per share of $0.44 during the same quarter last year, which suggests a positive year over year growth rate of 104.5%. The company is scheduled to announce its next earnings report on Thursday, April 26th.
On average, analysts expect that EQT will report full-year earnings of $1.91 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $2.39. For the next financial year, analysts forecast that the company will report earnings of $2.04 per share, with EPS estimates ranging from $0.69 to $2.71. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover EQT.
EQT (NYSE:EQT) last released its quarterly earnings results on Thursday, February 15th. The oil and gas producer reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.54. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $909.42 million. EQT had a net margin of 44.66% and a return on equity of 2.35%. The company’s revenue for the quarter was up 197.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share.
Several research firms have recently issued reports on EQT. Zacks Investment Research downgraded shares of EQT from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Morgan Stanley dropped their price target on shares of EQT from $63.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Jefferies Group set a $65.00 price target on shares of EQT and gave the company a “hold” rating in a research note on Tuesday, January 30th. Credit Suisse Group began coverage on shares of EQT in a research note on Monday, December 11th. They set an “outperform” rating and a $70.00 price target for the company. Finally, ValuEngine downgraded shares of EQT from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. EQT currently has a consensus rating of “Buy” and a consensus price target of $76.77.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of EQT by 6.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,690 shares of the oil and gas producer’s stock worth $1,006,000 after buying an additional 1,087 shares during the period. BB&T Corp increased its position in shares of EQT by 3.7% during the fourth quarter. BB&T Corp now owns 32,447 shares of the oil and gas producer’s stock worth $1,847,000 after buying an additional 1,150 shares during the period. S&CO Inc. increased its position in shares of EQT by 4.6% during the fourth quarter. S&CO Inc. now owns 27,038 shares of the oil and gas producer’s stock worth $1,539,000 after buying an additional 1,197 shares during the period. Hunter Associates Investment Management LLC increased its position in shares of EQT by 14.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 10,370 shares of the oil and gas producer’s stock worth $590,000 after buying an additional 1,295 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of EQT by 13.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 11,107 shares of the oil and gas producer’s stock worth $632,000 after buying an additional 1,331 shares during the period. Institutional investors own 91.49% of the company’s stock.
EQT stock opened at $46.90 on Thursday. The firm has a market cap of $12,403.78, a PE ratio of 33.99, a price-to-earnings-growth ratio of 1.64 and a beta of 0.73. EQT has a 52-week low of $43.70 and a 52-week high of $67.84. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.40.
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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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