EQT Co. (NYSE:EQT) – Research analysts at Jefferies Financial Group reduced their Q1 2019 earnings estimates for EQT in a research note issued to investors on Monday, April 22nd. Jefferies Financial Group analyst M. Lear now forecasts that the oil and gas producer will earn $0.71 per share for the quarter, down from their previous forecast of $0.78. Jefferies Financial Group currently has a “Hold” rating and a $21.00 target price on the stock. Jefferies Financial Group also issued estimates for EQT’s Q3 2019 earnings at $0.08 EPS, FY2019 earnings at $1.28 EPS, Q1 2020 earnings at $0.27 EPS, Q2 2020 earnings at $0.04 EPS and FY2020 earnings at $0.64 EPS.

EQT (NYSE:EQT) last issued its quarterly earnings results on Thursday, February 14th. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.02). The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.27 billion. EQT had a negative net margin of 45.88% and a positive return on equity of 4.46%. The business’s revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS.

EQT has been the topic of several other research reports. Credit Suisse Group restated a “buy” rating and issued a $24.00 price target on shares of EQT in a research report on Tuesday, January 22nd. Royal Bank of Canada cut EQT from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. Morgan Stanley set a $10.00 price target on EQT and gave the company a “sell” rating in a research report on Tuesday, January 29th. TD Securities boosted their price target on EQT from $21.00 to $22.00 and gave the company a “hold” rating in a research report on Wednesday, February 20th. Finally, Cowen began coverage on EQT in a research report on Tuesday, April 9th. They issued a “market perform” rating and a $24.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. EQT currently has an average rating of “Hold” and an average target price of $37.13.

Shares of EQT stock opened at $20.75 on Wednesday. The stock has a market capitalization of $5.35 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.52 and a beta of 0.71. EQT has a 52-week low of $16.29 and a 52-week high of $31.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.84.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc increased its position in EQT by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 28,073,288 shares of the oil and gas producer’s stock worth $1,241,682,000 after purchasing an additional 687,779 shares during the period. BlackRock Inc. boosted its stake in shares of EQT by 30.4% during the 4th quarter. BlackRock Inc. now owns 23,893,102 shares of the oil and gas producer’s stock worth $451,340,000 after acquiring an additional 5,573,274 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of EQT by 25.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 11,470,216 shares of the oil and gas producer’s stock worth $216,672,000 after acquiring an additional 2,358,301 shares in the last quarter. Millennium Management LLC boosted its stake in shares of EQT by 1,770.8% during the 4th quarter. Millennium Management LLC now owns 6,387,529 shares of the oil and gas producer’s stock worth $120,660,000 after acquiring an additional 6,046,100 shares in the last quarter. Finally, Share Andrew L. boosted its stake in shares of EQT by 13.6% during the 4th quarter. Share Andrew L. now owns 5,676,000 shares of the oil and gas producer’s stock worth $107,220,000 after acquiring an additional 680,000 shares in the last quarter. Institutional investors own 96.49% of the company’s stock.

In other EQT news, SVP David Joseph Smith bought 16,800 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were bought at an average price of $19.06 per share, for a total transaction of $320,208.00. Following the transaction, the senior vice president now owns 42,102 shares of the company’s stock, valued at approximately $802,464.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Erin R. Centofanti bought 7,765 shares of the company’s stock in a transaction on Friday, March 29th. The shares were acquired at an average price of $20.83 per share, for a total transaction of $161,744.95. Following the transaction, the executive vice president now directly owns 59,594 shares in the company, valued at approximately $1,241,343.02. The disclosure for this purchase can be found here. Insiders have acquired a total of 59,459 shares of company stock worth $1,177,466 in the last quarter. 0.68% of the stock is currently owned by insiders.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, May 14th. EQT’s payout ratio is 7.06%.

EQT Company Profile

EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.

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Earnings History and Estimates for EQT (NYSE:EQT)

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