Wall Street analysts forecast that EQT Co. (NYSE:EQT) will post $1.12 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for EQT’s earnings. The lowest sales estimate is $1.05 billion and the highest is $1.19 billion. EQT reported sales of $660.31 million during the same quarter last year, which indicates a positive year over year growth rate of 69.6%. The company is expected to announce its next quarterly earnings report on Thursday, October 25th.
According to Zacks, analysts expect that EQT will report full-year sales of $4.84 billion for the current fiscal year, with estimates ranging from $4.67 billion to $5.04 billion. For the next year, analysts forecast that the firm will post sales of $5.16 billion, with estimates ranging from $4.77 billion to $5.60 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow EQT.
EQT (NYSE:EQT) last announced its quarterly earnings results on Thursday, July 26th. The oil and gas producer reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.13 billion. EQT had a positive return on equity of 3.73% and a negative net margin of 6.19%. The firm’s quarterly revenue was up 53.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS.
Several equities research analysts recently commented on the company. TheStreet raised EQT from a “d+” rating to a “c-” rating in a research note on Monday, July 23rd. ValuEngine cut EQT from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Morgan Stanley lowered their price target on EQT from $64.00 to $62.00 and set an “equal weight” rating for the company in a research note on Thursday, July 12th. JPMorgan Chase & Co. set a $70.00 target price on EQT and gave the stock a “buy” rating in a report on Wednesday, June 13th. Finally, Royal Bank of Canada set a $74.00 target price on EQT and gave the stock a “buy” rating in a report on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $66.57.
Shares of NYSE EQT opened at $44.44 on Thursday. The company has a market capitalization of $12.35 billion, a P/E ratio of 31.05, a PEG ratio of 1.40 and a beta of 0.60. EQT has a 52 week low of $43.70 and a 52 week high of $66.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.76 and a quick ratio of 0.76.
The business also recently announced a quarterly dividend, which was paid on Saturday, September 1st. Investors of record on Friday, August 10th were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $0.12 annualized dividend and a yield of 0.27%. EQT’s dividend payout ratio (DPR) is currently 8.16%.
In related news, Director Kenneth Michael Burke bought 5,000 shares of EQT stock in a transaction that occurred on Thursday, August 9th. The stock was purchased at an average cost of $50.20 per share, for a total transaction of $251,000.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $251,000. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.68% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new position in shares of EQT during the second quarter worth approximately $163,000. Mount Yale Investment Advisors LLC acquired a new position in shares of EQT during the first quarter worth approximately $191,000. Hudson Valley Investment Advisors Inc. ADV acquired a new position in shares of EQT during the second quarter worth approximately $207,000. Dupont Capital Management Corp lifted its holdings in shares of EQT by 48.7% during the second quarter. Dupont Capital Management Corp now owns 3,876 shares of the oil and gas producer’s stock worth $214,000 after buying an additional 1,270 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of EQT in the second quarter valued at $222,000. Institutional investors own 92.42% of the company’s stock.
EQT Company Profile
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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