EQT Corporation (EQT) Forecasted to Earn Q1 2018 Earnings of $0.27 Per Share
EQT Corporation (NYSE:EQT) – US Capital Advisors decreased their Q1 2018 earnings per share estimates for EQT Corporation in a report released on Monday. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas producer will post earnings per share of $0.27 for the quarter, down from their prior estimate of $0.30.
A number of other analysts also recently commented on EQT. TheStreet raised EQT Corporation from a “d+” rating to a “c-” rating in a research note on Monday, August 14th. BMO Capital Markets reissued a “buy” rating and issued a $75.00 price objective on shares of EQT Corporation in a research note on Tuesday, November 14th. Seaport Global Securities raised EQT Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $57.00 to $79.00 in a research note on Tuesday, September 26th. BidaskClub downgraded EQT Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Cowen and Company reissued a “buy” rating and issued a $80.00 price objective on shares of EQT Corporation in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. EQT Corporation presently has a consensus rating of “Buy” and an average target price of $78.09.
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EQT Corporation (EQT) traded down $0.14 on Wednesday, hitting $58.18. The stock had a trading volume of 1,721,400 shares, compared to its average volume of 3,095,030. EQT Corporation has a 12 month low of $49.63 and a 12 month high of $75.74. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The company has a market cap of $10,137.88, a P/E ratio of 67.03, a PEG ratio of 4.59 and a beta of 0.79.
EQT Corporation (NYSE:EQT) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas producer reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.17. EQT Corporation had a return on equity of 1.61% and a net margin of 1.39%. The company had revenue of $660.30 million for the quarter, compared to the consensus estimate of $667.05 million. During the same quarter in the previous year, the business earned ($0.26) EPS. The company’s quarterly revenue was up 18.6% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. OppenheimerFunds Inc. purchased a new position in shares of EQT Corporation during the first quarter valued at $218,000. Dimensional Fund Advisors LP grew its holdings in shares of EQT Corporation by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 370,215 shares of the oil and gas producer’s stock valued at $22,618,000 after buying an additional 4,940 shares in the last quarter. Aperio Group LLC grew its holdings in shares of EQT Corporation by 23.5% during the second quarter. Aperio Group LLC now owns 63,343 shares of the oil and gas producer’s stock valued at $3,711,000 after buying an additional 12,063 shares in the last quarter. BB&T Corp grew its holdings in shares of EQT Corporation by 23.2% during the second quarter. BB&T Corp now owns 29,624 shares of the oil and gas producer’s stock valued at $1,735,000 after buying an additional 5,588 shares in the last quarter. Finally, S&CO Inc. grew its holdings in shares of EQT Corporation by 7.8% during the second quarter. S&CO Inc. now owns 25,095 shares of the oil and gas producer’s stock valued at $1,470,000 after buying an additional 1,810 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.
In related news, Chairman David L. Porges sold 53,760 shares of EQT Corporation stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $59.14, for a total value of $3,179,366.40. Following the transaction, the chairman now directly owns 438,601 shares in the company, valued at approximately $25,938,863.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas F. Karam bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average price of $59.26 per share, for a total transaction of $592,600.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at $1,185,200. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date is Thursday, November 9th. EQT Corporation’s payout ratio is 57.15%.
About EQT Corporation
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.
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