US Capital Advisors Brokers Raise Earnings Estimates for EQT Co. (NYSE:EQT)

EQT Co. (NYSE:EQT) – US Capital Advisors increased their Q1 2019 earnings per share estimates for shares of EQT in a research report issued on Wednesday, March 27th, according to Zacks Investment Research. US Capital Advisors analyst C. Horwitz now forecasts that the oil and gas producer will post earnings per share of $0.67 for the quarter, up from their previous estimate of $0.57. US Capital Advisors also issued estimates for EQT’s Q4 2019 earnings at $0.81 EPS.

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

A number of other equities research analysts also recently commented on EQT. Credit Suisse Group reaffirmed a “buy” rating and issued a $24.00 target price on shares of EQT in a research report on Tuesday, January 22nd. Royal Bank of Canada downgraded shares of EQT from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. Morgan Stanley set a $10.00 target price on shares of EQT and gave the stock a “sell” rating in a research report on Tuesday, January 29th. TD Securities lifted their target price 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. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $21.00 target price on shares of EQT in a research report on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. EQT has a consensus rating of “Hold” and a consensus price target of $37.13.

Shares of EQT traded down $0.82 on Thursday, hitting $20.44. 3,926,636 shares of the stock traded hands, compared to its average volume of 3,464,081. The company has a market capitalization of $5.21 billion, a P/E ratio of 12.02, a price-to-earnings-growth 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 has a one year low of $16.29 and a one year high of $31.28.

Several hedge funds have recently modified their holdings of EQT. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of EQT during the 1st quarter valued at $29,000. Clean Yield Group purchased a new position in shares of EQT during the 4th quarter valued at $34,000. Financial Architects Inc lifted its stake in shares of EQT by 55.1% during the 4th quarter. Financial Architects Inc now owns 2,131 shares of the oil and gas producer’s stock valued at $40,000 after buying an additional 757 shares in the last quarter. JOYN Advisors Inc. lifted its stake in shares of EQT by 282.1% during the 4th quarter. JOYN Advisors Inc. now owns 3,546 shares of the oil and gas producer’s stock valued at $67,000 after buying an additional 2,618 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in shares of EQT by 287.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 4,184 shares of the oil and gas producer’s stock valued at $79,000 after buying an additional 3,103 shares in the last quarter. 96.49% of the stock is owned by hedge funds and other institutional investors.

In other EQT news, CEO Robert Joseph Mcnally acquired 1,496 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was purchased at an average price of $19.10 per share, with a total value of $28,573.60. Following the transaction, the chief executive officer now directly 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 can be accessed through this link. Also, General Counsel Jonathan M. Lushko acquired 7,903 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were acquired at an average cost of $19.04 per share, with a total value of $150,473.12. The disclosure for this purchase can be found here. In the last three months, insiders have bought 59,459 shares of company stock valued at $1,177,466. Insiders own 0.68% of the company’s stock.

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

About EQT

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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