Zacks Research Issues Pessimistic Estimate for EQT Earnings

EQT Corporation (NYSE:EQT) – Stock analysts at Zacks Research dropped their FY2026 earnings estimates for shares of EQT in a research report issued on Tuesday, November 10th. Zacks Research analyst Team now anticipates that the oil and gas producer will earn $3.78 per share for the year, down from their previous forecast of $3.91. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for EQT’s current full-year earnings is $3.87 per share. Zacks Research also issued estimates for EQT’s Q4 2026 earnings at $0.64 EPS, Q1 2027 earnings at $1.23 EPS, Q2 2027 earnings at $0.46 EPS, Q3 2027 earnings at $0.60 EPS, FY2027 earnings at $3.29 EPS and FY2028 earnings at $4.84 EPS.

EQT has been the topic of a number of other reports. Jefferies Financial Group decreased their target price on EQT from $75.00 to $73.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. Scotiabank cut their price target on EQT from $54.00 to $53.00 and set a “sector perform” rating for the company in a report on Tuesday, October 27th. Stifel Nicolaus assumed coverage on EQT in a report on Wednesday, September 9th. They set a “buy” rating and a $66.00 price target for the company. Mizuho reduced their price target on EQT from $72.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of EQT in a research note on Wednesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

EQT Trading Up 4.2%

Shares of EQT stock opened at $52.02 on Wednesday. EQT has a 1-year low of $47.94 and a 1-year high of $68.24. The company’s fifty day simple moving average is $52.88 and its 200-day simple moving average is $55.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $32.54 billion, a PE ratio of 12.35 and a beta of 0.68.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, October 27th. The oil and gas producer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. EQT had a net margin of 28.40% and a return on equity of 8.89%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the company earned $0.52 earnings per share. The firm’s revenue was down 9.6% on a year-over-year basis.

Hedge Funds Weigh In On EQT

Hedge funds have recently made changes to their positions in the business. NEOS Investment Management LLC boosted its position in shares of EQT by 14.8% during the second quarter. NEOS Investment Management LLC now owns 102,572 shares of the oil and gas producer’s stock worth $5,454,000 after acquiring an additional 13,201 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in EQT during the second quarter valued at $163,705,000. Bank of America Corp DE increased its holdings in EQT by 7.2% in the 2nd quarter. Bank of America Corp DE now owns 4,240,709 shares of the oil and gas producer’s stock valued at $225,478,000 after acquiring an additional 284,244 shares during the last quarter. Core Capital Management & Research inc. bought a new stake in EQT in the 2nd quarter valued at $1,074,000. Finally, QRG Capital Management Inc. increased its holdings in EQT by 156.2% in the 2nd quarter. QRG Capital Management Inc. now owns 93,774 shares of the oil and gas producer’s stock valued at $4,986,000 after acquiring an additional 57,179 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

Insider Buying and Selling at EQT

In related news, CEO Toby Rice sold 175,328 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $55.03, for a total value of $9,648,299.84. Following the completion of the transaction, the chief executive officer owned 2,157,865 shares of the company’s stock, valued at approximately $118,747,310.95. This represents a 7.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.72% of the company’s stock.

EQT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 4th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, November 4th. This is a positive change from EQT’s previous quarterly dividend of $0.1650. EQT’s payout ratio is 16.11%.

About EQT

EQT Corporation is a natural gas company focused on the exploration, development and production of natural gas in the Appalachian Basin. Its operations are concentrated in Pennsylvania, West Virginia and Ohio, including the Marcellus and Utica shale formations. The company also operates midstream infrastructure that gathers and transports natural gas from production areas to pipelines and markets. This includes gathering systems and transmission assets serving the Appalachian region. Headquartered in Pittsburgh, EQT traces its roots to the late 19th century and was formerly known as Equitable Resources.