EQT Co. (NYSE:EQT) – Analysts at Piper Sandler issued their Q2 2020 earnings estimates for shares of EQT in a report issued on Wednesday, July 8th. Piper Sandler analyst K. Harrison expects that the oil and gas producer will post earnings per share of ($0.24) for the quarter. Piper Sandler has a “Overweight” rating and a $16.00 price objective on the stock. Piper Sandler also issued estimates for EQT’s Q3 2020 earnings at ($0.17) EPS, Q4 2020 earnings at $0.17 EPS, FY2020 earnings at ($0.10) EPS, Q1 2021 earnings at $0.25 EPS, Q2 2021 earnings at ($0.11) EPS, Q3 2021 earnings at ($0.06) EPS, Q4 2021 earnings at $0.22 EPS and FY2021 earnings at $0.30 EPS.

Other research analysts also recently issued research reports about the company. Cfra increased their target price on EQT from $5.00 to $16.00 and gave the company a “hold” rating in a report on Friday, May 8th. Stifel Nicolaus downgraded EQT from a “hold” rating to a “sell” rating and set a $8.00 target price on the stock. in a report on Monday, June 1st. Credit Suisse Group raised EQT from a “neutral” rating to an “outperform” rating and increased their target price for the company from $13.00 to $16.00 in a report on Wednesday, July 1st. They noted that the move was a valuation call. TD Securities raised EQT from a “hold” rating to a “buy” rating and set a $15.50 target price on the stock in a report on Tuesday, June 30th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of EQT in a report on Thursday, May 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $14.04.

EQT stock opened at $12.49 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.32 and a quick ratio of 1.32. EQT has a one year low of $4.21 and a one year high of $17.16. The stock has a market capitalization of $3.33 billion, a PE ratio of -2.02 and a beta of 1.31. The business’s fifty day moving average is $13.33 and its 200 day moving average is $10.24.

EQT (NYSE:EQT) last released its quarterly earnings data on Thursday, May 7th. The oil and gas producer reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.19. EQT had a positive return on equity of 0.35% and a negative net margin of 36.06%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $963.18 million. During the same period last year, the firm posted $0.83 earnings per share. EQT’s revenue was down 3.2% compared to the same quarter last year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. raised its stake in shares of EQT by 932.3% in the fourth quarter. Meeder Asset Management Inc. now owns 3,035 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 2,741 shares during the period. Verus Capital Partners LLC bought a new stake in EQT during the 1st quarter valued at approximately $27,000. Parallel Advisors LLC raised its stake in EQT by 196.1% during the 1st quarter. Parallel Advisors LLC now owns 4,027 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 2,667 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in EQT by 80.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,669 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 2,980 shares during the period. Finally, Pearl River Capital LLC bought a new stake in EQT during the 1st quarter valued at approximately $47,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

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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