Zacks Research Issues Optimistic Forecast for EQT Earnings

EQT Corporation (NYSE:EQT) – Equities research analysts at Zacks Research upped their Q4 2027 earnings per share (EPS) estimates for shares of EQT in a report issued on Tuesday, November 10th. Zacks Research analyst Team now forecasts that the oil and gas producer will earn $1.01 per share for the quarter, up from their prior forecast of $0.82. Zacks Research has a “Hold” rating on the stock. The consensus estimate for EQT’s current full-year earnings is $3.86 per share. Zacks Research also issued estimates for EQT’s Q1 2028 earnings at $1.44 EPS, Q2 2028 earnings at $1.02 EPS and Q3 2028 earnings at $0.99 EPS.

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

A number of other equities research analysts have also weighed in on EQT. Stifel Nicolaus began coverage on shares of EQT in a report on Wednesday, September 9th. They set a “buy” rating and a $66.00 price target for the company. Barclays cut their price objective on shares of EQT from $70.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, August 17th. Morgan Stanley decreased their price objective on shares of EQT from $68.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday, August 19th. Wall Street Zen cut shares of EQT from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Finally, Truist Financial raised their target price on EQT from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

EQT Trading Up 1.5%

NYSE EQT opened at $52.77 on Thursday. The stock has a market cap of $33.01 billion, a P/E ratio of 12.87 and a beta of 0.68. The company’s fifty day simple moving average is $52.82 and its 200-day simple moving average is $55.48. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.19. EQT has a 52 week low of $47.94 and a 52 week high of $68.24.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in EQT during the 2nd quarter worth $3,204,125,000. Bank of New York Mellon Corp acquired a new stake in shares of EQT in the 2nd quarter valued at about $512,148,000. Wellington Management Group LLP lifted its position in shares of EQT by 41.4% during the second quarter. Wellington Management Group LLP now owns 22,565,479 shares of the oil and gas producer’s stock worth $1,199,807,000 after purchasing an additional 6,603,286 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of EQT during the second quarter worth about $163,705,000. Finally, Legal & General Group Plc bought a new position in shares of EQT during the second quarter worth about $127,420,000. 90.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Toby Rice sold 175,328 shares of EQT 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 sale, the chief executive officer owned 2,157,865 shares in the company, valued at approximately $118,747,310.95. The trade was a 7.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 business also recently declared 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. The ex-dividend date of this dividend is Wednesday, November 4th. This is an increase from EQT’s previous quarterly dividend of $0.1650. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. EQT’s dividend payout ratio is 16.11%.

More EQT News

These are some of the EQT news items that stood out recently:

• Neutral Sentiment: An article describes EQT’s $12.8 billion Range Resources bet as a wager on stronger natural-gas demand by 2028. That could strengthen EQT’s position if demand grows, though the outlook is not assured and the deal adds execution considerations. Article: EQT’s $12.8 Billion Range Resources Bet Is Built Around 2028 Gas Demand
• Neutral Sentiment: The reported $5 billion Icon Cancer Care sale appears to concern EQT’s private-equity business, not EQT Corporation, so it does not appear to be a direct catalyst for EQT shares. Article: EQT appoints sell-side advisers for $5b Icon Cancer Care sale
• Negative Sentiment: Zacks cut several estimates, including FY2026 EPS to $3.78 from $3.91, FY2027 to $3.29 from $3.42, and Q4 2026 and Q1 2027 forecasts. The broader downward revisions could weigh on sentiment despite the higher Q2 2027 and FY2028 estimates.

EQT Company Profile

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.