EQT (NYSE:EQT) posted its earnings results on Thursday. The oil and gas producer reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.54, Bloomberg Earnings reports. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $909.42 million. EQT had a return on equity of 1.61% and a net margin of 1.39%. EQT’s revenue was up 197.9% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS.

EQT (NYSE EQT) traded up $0.61 during mid-day trading on Thursday, reaching $49.12. The company had a trading volume of 574,267 shares, compared to its average volume of 3,731,066. EQT has a 12-month low of $43.70 and a 12-month high of $67.84. The firm has a market cap of $8,234.42, a PE ratio of 231.01, a price-to-earnings-growth ratio of 1.89 and a beta of 0.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 14th will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.24%. EQT’s dividend payout ratio is 57.15%.

Several equities analysts recently commented on the company. BMO Capital Markets restated a “buy” rating and set a $75.00 target price on shares of EQT in a research report on Tuesday, November 14th. Morgan Stanley raised their target price on EQT from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Cowen set a $80.00 target price on EQT and gave the stock a “buy” rating in a research report on Wednesday, October 18th. SunTrust Banks restated a “hold” rating and set a $67.00 target price on shares of EQT in a research report on Friday, October 27th. Finally, Zacks Investment Research downgraded EQT from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $76.77.

A number of hedge funds have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. increased its holdings in EQT by 6.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,690 shares of the oil and gas producer’s stock valued at $1,006,000 after purchasing an additional 1,087 shares in the last quarter. BB&T Corp increased its stake in shares of EQT by 3.7% in the 4th quarter. BB&T Corp now owns 32,447 shares of the oil and gas producer’s stock valued at $1,847,000 after buying an additional 1,150 shares during the period. S&CO Inc. increased its stake in shares of EQT by 4.6% in the 4th quarter. S&CO Inc. now owns 27,038 shares of the oil and gas producer’s stock valued at $1,539,000 after buying an additional 1,197 shares during the period. AXA increased its stake in shares of EQT by 28.2% in the 4th quarter. AXA now owns 6,060 shares of the oil and gas producer’s stock valued at $345,000 after buying an additional 1,333 shares during the period. Finally, D.A. Davidson & CO. increased its stake in shares of EQT by 36.1% in the 4th quarter. D.A. Davidson & CO. now owns 6,088 shares of the oil and gas producer’s stock valued at $347,000 after buying an additional 1,614 shares during the period.

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About EQT

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.

Earnings History for EQT (NYSE:EQT)

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