EQT Co. (NYSE:EQT) – Investment analysts at Jefferies Group boosted their Q1 2018 EPS estimates for EQT in a report issued on Monday. Jefferies Group analyst M. Lear now anticipates that the oil and gas producer will earn $0.99 per share for the quarter, up from their previous estimate of $0.79. Jefferies Group currently has a “Hold” rating and a $57.00 target price on the stock. Jefferies Group also issued estimates for EQT’s Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.68 EPS, FY2018 earnings at $2.21 EPS, Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.40 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.82 EPS and FY2019 earnings at $2.35 EPS.

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EQT (NYSE:EQT) last issued its quarterly earnings data 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. EQT had a net margin of 44.66% and a return on equity of 2.35%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $909.42 million. During the same quarter last year, the company earned $0.25 earnings per share. EQT’s revenue for the quarter was up 197.9% on a year-over-year basis.

Several other analysts also recently issued reports on the stock. Credit Suisse Group initiated coverage on shares of EQT in a research report on Monday, December 11th. They issued an “outperform” rating and a $70.00 price objective for the company. Zacks Investment Research downgraded shares of EQT from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. BMO Capital Markets reaffirmed a “buy” rating and issued a $75.00 price objective on shares of EQT in a research report on Tuesday, December 26th. Royal Bank of Canada raised shares of EQT from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $45.73 to $77.00 in a research report on Monday, February 12th. They noted that the move was a valuation call. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $65.00 price objective on shares of EQT in a research report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $76.77.

Shares of EQT stock opened at $49.54 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.94 and a quick ratio of 0.94. EQT has a 1 year low of $43.70 and a 1 year high of $67.84. The stock has a market cap of $12,863.97, a P/E ratio of 6.93, a price-to-earnings-growth ratio of 1.81 and a beta of 0.74.

Institutional investors have recently added to or reduced their stakes in the company. Calton & Associates Inc. purchased a new position in shares of EQT during the 4th quarter valued at approximately $104,000. NuWave Investment Management LLC purchased a new position in shares of EQT during the 4th quarter valued at approximately $126,000. Assetmark Inc. boosted its stake in shares of EQT by 445.1% during the 4th quarter. Assetmark Inc. now owns 2,284 shares of the oil and gas producer’s stock valued at $130,000 after buying an additional 1,865 shares during the last quarter. Zeke Capital Advisors LLC purchased a new position in shares of EQT during the 3rd quarter valued at approximately $212,000. Finally, Virtu Financial LLC purchased a new position in shares of EQT during the 4th quarter valued at approximately $220,000. Institutional investors own 91.47% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Tuesday, February 13th. EQT’s dividend payout ratio (DPR) is currently 1.68%.

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About EQT

EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.

Earnings History and Estimates for EQT (NYSE:EQT)

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