Analysts predict that EQT Corporation (NYSE:EQT) will post $0.31 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for EQT Corporation’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.51. EQT Corporation reported earnings per share of $0.25 during the same quarter last year, which suggests a positive year-over-year growth rate of 24%. The company is expected to issue its next quarterly earnings results on Thursday, February 1st.
According to Zacks, analysts expect that EQT Corporation will report full-year earnings of $0.88 per share for the current year, with EPS estimates ranging from $0.35 to $1.19. For the next financial year, analysts forecast that the business will post earnings of $1.66 per share, with EPS estimates ranging from ($0.55) to $4.67. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for EQT Corporation.
EQT Corporation (NYSE:EQT) last released its quarterly earnings data on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. The firm had revenue of $660.30 million during the quarter, compared to analysts’ expectations of $667.05 million. EQT Corporation had a return on equity of 1.61% and a net margin of 1.39%. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.26) earnings per share.
Shares of EQT Corporation (NYSE:EQT) opened at $59.03 on Monday. The stock has a market capitalization of $10,261.30, a price-to-earnings ratio of 67.85, a P/E/G ratio of 4.49 and a beta of 0.79. EQT Corporation has a 12-month low of $49.63 and a 12-month high of $75.74. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a $0.03 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.20%. EQT Corporation’s payout ratio is presently 57.15%.
In other EQT Corporation news, Director Thomas F. Karam acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average cost of $59.26 per share, for a total transaction of $592,600.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,185,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director A. Bray Jr. Cary acquired 406 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was acquired at an average price of $65.24 per share, for a total transaction of $26,487.44. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of EQT. Aureus Asset Management LLC bought a new position in shares of EQT Corporation in the second quarter worth about $205,000. Pinebridge Investments L.P. bought a new position in EQT Corporation during the second quarter valued at about $212,000. Zeke Capital Advisors LLC bought a new position in EQT Corporation during the third quarter valued at about $212,000. OppenheimerFunds Inc. bought a new position in EQT Corporation during the first quarter valued at about $218,000. Finally, IFP Advisors Inc increased its stake in EQT Corporation by 6.4% during the second quarter. IFP Advisors Inc now owns 4,108 shares of the oil and gas producer’s stock valued at $241,000 after acquiring an additional 247 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.
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About EQT Corporation
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.
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