EQT (NYSE:EQT) Releases Earnings Results, Beats Estimates By $0.17 EPS

EQT (NYSE:EQT) issued its quarterly earnings data on Tuesday. The oil and gas producer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17, Briefing.com reports. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.58 billion. EQT had a net margin of 10.96% and a return on equity of 4.70%. EQT’s quarterly revenue was down 28.8% compared to the same quarter last year. During the same period last year, the firm posted $1.70 EPS.

EQT Stock Performance

EQT stock traded down $0.60 on Friday, reaching $39.81. 2,238,774 shares of the company were exchanged, compared to its average volume of 6,530,227. The firm has a market capitalization of $17.53 billion, a PE ratio of 29.28 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s fifty day moving average price is $36.31 and its 200 day moving average price is $38.01. EQT has a 12 month low of $30.84 and a 12 month high of $45.23.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 8th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, May 7th. EQT’s dividend payout ratio (DPR) is currently 45.65%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EQT. StockNews.com upgraded shares of EQT to a “sell” rating in a research report on Tuesday, March 12th. Piper Sandler lowered their target price on shares of EQT from $47.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Stephens lifted their price objective on shares of EQT from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $46.00 target price on shares of EQT in a report on Tuesday, March 5th. Finally, Morgan Stanley raised their price target on shares of EQT from $37.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $44.25.

EQT Company Profile

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.