EQT (NYSE:EQT) – Stock analysts at Jefferies Group dropped their Q2 2018 EPS estimates for shares of EQT in a note issued to investors on Wednesday, April 25th. Jefferies Group analyst M. Lear now expects that the oil and gas producer will post earnings of $0.23 per share for the quarter, down from their previous estimate of $0.30. Jefferies Group currently has a “Hold” rating and a $57.00 price target on the stock. Jefferies Group also issued estimates for EQT’s Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $1.96 EPS, Q3 2019 earnings at $0.36 EPS, FY2019 earnings at $2.33 EPS and Q1 2020 earnings at $1.14 EPS.

EQT (NYSE:EQT) last announced its quarterly earnings data on Thursday, February 15th. The oil and gas producer reported $0.76 EPS for the quarter, topping the consensus estimate of $0.22 by $0.54. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $909.42 million. EQT had a net margin of 44.66% and a return on equity of 2.35%. The company’s quarterly revenue was up 197.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS.

Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of EQT from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Royal Bank of Canada raised shares of EQT from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $45.73 to $77.00 in a research report on Monday, February 12th. They noted that the move was a valuation call. Citigroup reaffirmed a “buy” rating and set a $79.00 price objective on shares of EQT in a research report on Monday, January 22nd. ValuEngine downgraded shares of EQT from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, Morgan Stanley reduced their price objective on shares of EQT from $63.00 to $59.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Two equities research 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. The company presently has a consensus rating of “Buy” and an average price target of $76.08.

Shares of EQT stock opened at $49.96 on Thursday. The company has a market cap of $12,417.01, a PE ratio of 33.99, a P/E/G ratio of 1.70 and a beta of 0.73. EQT has a 52 week low of $43.70 and a 52 week high of $67.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.94 and a quick ratio of 0.94.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of EQT by 6.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,690 shares of the oil and gas producer’s stock worth $1,006,000 after purchasing an additional 1,087 shares in the last quarter. BB&T Corp lifted its stake in EQT by 3.7% during 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 acquiring an additional 1,150 shares in the last quarter. S&CO Inc. lifted its stake in EQT by 4.6% during 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 acquiring an additional 1,197 shares in the last quarter. Hunter Associates Investment Management LLC lifted its stake in EQT by 14.3% during the 4th quarter. Hunter Associates Investment Management LLC now owns 10,370 shares of the oil and gas producer’s stock valued at $590,000 after acquiring an additional 1,295 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in EQT by 13.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,107 shares of the oil and gas producer’s stock valued at $632,000 after acquiring an additional 1,331 shares in the last quarter. Institutional investors own 91.35% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Thursday, May 10th. EQT’s dividend payout ratio is currently 8.16%.

EQT Company Profile

EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.

Earnings History and Estimates for EQT (NYSE:EQT)

Receive News & Ratings for EQT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.