US Capital Advisors Weighs in on EQT Co.’s Q2 2019 Earnings (NYSE:EQT)

EQT Co. (NYSE:EQT) – Analysts at US Capital Advisors lowered their Q2 2019 earnings per share estimates for shares of EQT in a note issued to investors on Wednesday, March 27th, Zacks Investment Research reports. US Capital Advisors analyst C. Horwitz now forecasts that the oil and gas producer will post earnings of $0.13 per share for the quarter, down from their prior forecast of $0.53. US Capital Advisors also issued estimates for EQT’s Q3 2019 earnings at $0.16 EPS, FY2019 earnings at $1.77 EPS, Q1 2020 earnings at $0.96 EPS, Q2 2020 earnings at ($0.03) EPS, Q3 2020 earnings at ($0.01) EPS, Q4 2020 earnings at $0.67 EPS, FY2020 earnings at $1.59 EPS and FY2021 earnings at $1.44 EPS.

A number of other brokerages have also recently weighed in on EQT. MKM Partners reaffirmed a “neutral” rating and set a $23.00 price target on shares of EQT in a research report on Tuesday, April 16th. Cowen began coverage on shares of EQT in a research report on Tuesday, April 9th. They set a “market perform” rating and a $24.00 price target for the company. TD Securities upped their price target on shares of EQT from $21.00 to $22.00 and gave the stock a “hold” rating in a research report on Wednesday, February 20th. Morgan Stanley set a $10.00 price target on shares of EQT and gave the stock a “sell” rating in a research report on Tuesday, January 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $21.00 price target on shares of EQT in a research report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. EQT presently has an average rating of “Hold” and an average target price of $37.13.

Shares of NYSE EQT traded down $0.82 during trading on Friday, hitting $20.44. 3,926,636 shares of the company traded hands, compared to its average volume of 3,464,081. EQT has a 1 year low of $16.29 and a 1 year high of $31.28. The stock has a market capitalization of $5.21 billion, a PE ratio of 12.02, a P/E/G ratio of 1.52 and a beta of 0.71. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.44.

EQT (NYSE:EQT) last announced its quarterly earnings data on Thursday, February 14th. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.02). EQT had a negative net margin of 45.88% and a positive return on equity of 4.46%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. The firm’s quarterly revenue was up 20.5% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.59%. EQT’s dividend payout ratio (DPR) is presently 7.06%.

In related news, CEO Robert Joseph Mcnally bought 1,496 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were acquired at an average price of $19.10 per share, for a total transaction of $28,573.60. Following the purchase, the chief executive officer now owns 180,245 shares in the company, valued at approximately $3,442,679.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Jonathan M. Lushko bought 7,903 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was bought at an average price of $19.04 per share, for a total transaction of $150,473.12. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 59,459 shares of company stock worth $1,177,466. Company insiders own 0.68% of the company’s stock.

Several institutional investors have recently modified their holdings of EQT. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in EQT during the first quarter worth about $29,000. Clean Yield Group acquired a new stake in EQT during the fourth quarter worth about $34,000. Financial Architects Inc raised its stake in EQT by 55.1% during the fourth quarter. Financial Architects Inc now owns 2,131 shares of the oil and gas producer’s stock worth $40,000 after acquiring an additional 757 shares during the period. JOYN Advisors Inc. raised its stake in EQT by 282.1% during the fourth quarter. JOYN Advisors Inc. now owns 3,546 shares of the oil and gas producer’s stock worth $67,000 after acquiring an additional 2,618 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its stake in EQT by 287.0% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 4,184 shares of the oil and gas producer’s stock worth $79,000 after acquiring an additional 3,103 shares during the period. Institutional investors and hedge funds own 96.49% of the company’s stock.

EQT Company Profile

EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.

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Earnings History and Estimates for EQT (NYSE:EQT)

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