Equities research analysts expect EQT Co. (NYSE:EQT) to report $1.12 billion in sales for the current fiscal quarter, according to Zacks. Sixteen analysts have made estimates for EQT’s earnings, with the lowest sales estimate coming in at $1.00 billion and the highest estimate coming in at $1.29 billion. EQT posted sales of $853.16 million during the same quarter last year, which suggests a positive year over year growth rate of 31.3%. The business is expected to report its next earnings report after the market closes on Wednesday, October 27th.
On average, analysts expect that EQT will report full-year sales of $3.89 billion for the current fiscal year, with estimates ranging from $2.96 billion to $4.83 billion. For the next year, analysts forecast that the firm will report sales of $5.47 billion, with estimates ranging from $4.81 billion to $6.07 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover EQT.
EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, July 27th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. The firm had revenue of $996.88 million for the quarter, compared to the consensus estimate of $1 billion. EQT had a negative net margin of 28.97% and a positive return on equity of 0.67%.
In related news, CEO Toby Z. Rice acquired 28,000 shares of the stock in a transaction that occurred on Monday, August 2nd. The stock was purchased at an average price of $17.83 per share, with a total value of $499,240.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. PNC Managed Account Solutions Inc. acquired a new stake in EQT during the 2nd quarter worth approximately $32,000. Capital Analysts LLC acquired a new stake in EQT during the 1st quarter worth approximately $74,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in EQT during the 2nd quarter worth approximately $104,000. Rockefeller Capital Management L.P. raised its holdings in shares of EQT by 20.1% in the 1st quarter. Rockefeller Capital Management L.P. now owns 4,958 shares of the oil and gas producer’s stock valued at $92,000 after purchasing an additional 831 shares in the last quarter. Finally, FORA Capital LLC acquired a new stake in shares of EQT in the 2nd quarter valued at $156,000. Institutional investors own 97.58% of the company’s stock.
Shares of EQT stock traded up $0.70 during trading hours on Monday, reaching $20.55. The stock had a trading volume of 234,452 shares, compared to its average volume of 6,104,801. The stock’s 50 day moving average is $19.26 and its 200 day moving average is $19.82. The firm has a market capitalization of $7.77 billion, a PE ratio of -3.65, a PEG ratio of 1.43 and a beta of 1.28. EQT has a twelve month low of $12.27 and a twelve month high of $23.24. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.61.
EQT Company Profile
EQT Corp. engages in natural gas production, gathering and transmission in the Appalachian area. It has operations in Marcellus and Utica Shales of the Appalachian Basin. The company was founded in 1888 and is headquartered in Pittsburgh, PA.
Featured Story: The limitations of an equal weight rating
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for EQT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.