EQT Corporation (NYSE:EQT) – Stock analysts at Jefferies Group upped their FY2017 earnings per share estimates for shares of EQT Corporation in a research report issued to clients and investors on Thursday. Jefferies Group analyst M. Lear now anticipates that the oil and gas producer will earn $1.17 per share for the year, up from their prior estimate of $1.00. Jefferies Group currently has a “Hold” rating and a $66.00 target price on the stock. Jefferies Group also issued estimates for EQT Corporation’s Q4 2017 earnings at $0.50 EPS.
EQT Corporation (NYSE:EQT) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.17. The business had revenue of $660.30 million during the quarter, compared to the consensus estimate of $667.05 million. EQT Corporation had a return on equity of 1.61% and a net margin of 1.39%. The company’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.26) earnings per share.
Shares of EQT Corporation (NYSE EQT) opened at $59.33 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $10,230.00, a PE ratio of 67.85, a price-to-earnings-growth ratio of 4.49 and a beta of 0.79. EQT Corporation has a twelve month low of $49.63 and a twelve month high of $75.74.
Several institutional investors have recently bought and sold shares of the company. IFP Advisors Inc increased its position in shares of EQT Corporation by 6.4% in the second quarter. IFP Advisors Inc now owns 4,108 shares of the oil and gas producer’s stock valued at $241,000 after buying an additional 247 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of EQT Corporation by 14.2% in the second quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock valued at $339,000 after buying an additional 721 shares in the last quarter. BB&T Corp increased its position in shares of EQT Corporation by 5.6% in the third quarter. BB&T Corp now owns 31,297 shares of the oil and gas producer’s stock valued at $2,042,000 after buying an additional 1,673 shares in the last quarter. S&CO Inc. increased its position in shares of EQT Corporation by 7.8% in the second quarter. S&CO Inc. now owns 25,095 shares of the oil and gas producer’s stock valued at $1,470,000 after buying an additional 1,810 shares in the last quarter. Finally, Everence Capital Management Inc. increased its position in shares of EQT Corporation by 45.0% in the second quarter. Everence Capital Management Inc. now owns 9,158 shares of the oil and gas producer’s stock valued at $537,000 after buying an additional 2,840 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.
In other news, Chairman David L. Porges sold 53,760 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $59.14, for a total value of $3,179,366.40. Following the completion of the sale, the chairman now directly owns 438,601 shares in the company, valued at $25,938,863.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A. Bray Jr. Cary acquired 406 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was acquired at an average price of $65.24 per share, with a total value of $26,487.44. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date is Thursday, November 9th. EQT Corporation’s payout ratio is presently 60.00%.
EQT Corporation Company Profile
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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