Capital One Financial Raises Earnings Estimates for EQT

EQT Co. (NYSE:EQT) – Analysts at Capital One Financial lifted their FY2025 earnings per share estimates for EQT in a research note issued on Wednesday, April 23rd. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings per share of $4.34 for the year, up from their prior estimate of $4.16. The consensus estimate for EQT’s current full-year earnings is $3.27 per share.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%.

A number of other brokerages have also recently issued reports on EQT. JPMorgan Chase & Co. upped their price objective on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. TD Cowen raised EQT from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Tuesday, April 8th. Mizuho raised their price objective on EQT from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. Finally, Wells Fargo & Company boosted their price objective on shares of EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.39.

EQT Stock Performance

Shares of EQT opened at $51.19 on Monday. The firm has a market cap of $30.64 billion, a price-to-earnings ratio of 127.98, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The company’s fifty day moving average is $50.21 and its 200-day moving average is $47.28. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT has a 12 month low of $30.02 and a 12 month high of $56.66.

Hedge Funds Weigh In On EQT

Hedge funds and other institutional investors have recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. raised its position in EQT by 47.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock worth $44,000 after purchasing an additional 310 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 205 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 193 shares during the period. Stonebridge Financial Group LLC acquired a new stake in EQT in the 4th quarter valued at $55,000. Finally, First Horizon Advisors Inc. grew its position in EQT by 33.1% in the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer’s stock valued at $55,000 after acquiring an additional 298 shares during the period. 90.81% of the stock is owned by institutional investors.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Wednesday, May 7th. EQT’s dividend payout ratio is 110.53%.

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.