What is Zacks Research’s Estimate for EQT Q3 Earnings?

EQT Co. (NYSE:EQT) – Zacks Research boosted their Q3 2024 earnings per share estimates for shares of EQT in a note issued to investors on Wednesday, October 23rd. Zacks Research analyst D. Bhowal now anticipates that the oil and gas producer will post earnings of $0.22 per share for the quarter, up from their prior estimate of $0.18. The consensus estimate for EQT’s current full-year earnings is $1.37 per share. Zacks Research also issued estimates for EQT’s Q4 2024 earnings at $0.52 EPS, FY2024 earnings at $1.48 EPS, Q1 2025 earnings at $1.08 EPS and Q1 2026 earnings at $1.24 EPS.

A number of other research firms have also weighed in on EQT. StockNews.com raised EQT to a “sell” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on EQT from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, September 26th. BMO Capital Markets lifted their target price on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Wells Fargo & Company raised EQT from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $40.00 to $42.00 in a report on Wednesday, August 14th. Finally, Stephens cut their price objective on EQT from $47.00 to $46.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.18.

EQT Stock Up 2.1 %

EQT stock opened at $36.96 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $16.32 billion, a PE ratio of 26.78 and a beta of 1.06. EQT has a twelve month low of $30.02 and a twelve month high of $45.23. The stock has a 50-day simple moving average of $34.66 and a two-hundred day simple moving average of $36.60.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. The business had revenue of $952.51 million during the quarter, compared to analyst estimates of $1.06 billion. EQT had a return on equity of 4.52% and a net margin of 12.45%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.17) EPS.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.70%. EQT’s payout ratio is currently 45.65%.

Institutional Trading of EQT

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Innealta Capital LLC bought a new stake in EQT in the second quarter valued at approximately $28,000. Hexagon Capital Partners LLC lifted its position in EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 904 shares during the last quarter. Blue Trust Inc. lifted its position in EQT by 149.5% in the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 598 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of EQT by 936.1% during the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 908 shares in the last quarter. Finally, Rise Advisors LLC raised its holdings in shares of EQT by 224.8% during the third quarter. Rise Advisors LLC now owns 1,036 shares of the oil and gas producer’s stock valued at $38,000 after acquiring an additional 717 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Company Profile

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.