Capital One Financial Brokers Boost Earnings Estimates for EQT Co. (NYSE:EQT)

EQT Co. (NYSE:EQT) – Investment analysts at Capital One Financial boosted their Q3 2024 EPS estimates for shares of EQT in a research report issued to clients and investors on Tuesday, April 30th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings of $0.06 per share for the quarter, up from their prior forecast of $0.01. The consensus estimate for EQT’s current full-year earnings is $1.12 per share. Capital One Financial also issued estimates for EQT’s Q4 2024 earnings at $0.07 EPS and FY2024 earnings at $0.97 EPS.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.58 billion. EQT had a return on equity of 4.57% and a net margin of 10.96%. The business’s quarterly revenue was down 28.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 earnings per share.

A number of other research firms have also recently commented on EQT. Royal Bank of Canada reiterated an “outperform” rating and issued a $46.00 target price on shares of EQT in a research note on Tuesday, March 5th. The Goldman Sachs Group reduced their target price on EQT from $48.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, April 2nd. Jefferies Financial Group boosted their price target on EQT from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, April 5th. StockNews.com upgraded EQT to a “sell” rating in a research note on Tuesday, March 12th. Finally, Scotiabank upgraded EQT from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $40.00 to $52.00 in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $44.56.

EQT Trading Up 2.0 %

EQT stock opened at $40.27 on Friday. EQT has a one year low of $30.84 and a one year high of $45.23. The stock has a market cap of $17.78 billion, a PE ratio of 29.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50-day moving average of $36.75 and a two-hundred day moving average of $37.88.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 8th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.56%. EQT’s dividend payout ratio is presently 45.65%.

Institutional Trading of EQT

A number of institutional investors and hedge funds have recently made changes to their positions in EQT. Private Wealth Management Group LLC acquired a new stake in EQT in the 4th quarter valued at $30,000. BKM Wealth Management LLC acquired a new stake in shares of EQT in the fourth quarter valued at about $40,000. Principal Securities Inc. acquired a new stake in shares of EQT in the fourth quarter valued at about $51,000. Allworth Financial LP increased its stake in shares of EQT by 26.9% during the third quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock worth $54,000 after purchasing an additional 282 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in shares of EQT during the 3rd quarter worth about $54,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

About EQT

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.