Capital One Financial Expects Increased Earnings for EQT

EQT Co. (NYSE:EQT - Free Report) - Stock analysts at Capital One Financial boosted their FY2025 earnings per share estimates for shares of EQT in a research note issued to investors on Wednesday, April 23rd. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings per share of $4.34 for the year, up from their prior forecast of $4.16. The consensus estimate for EQT's current full-year earnings is $3.27 per share.

A number of other research analysts also recently commented on EQT. Citigroup increased their target price on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Scotiabank downgraded shares of EQT from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Mizuho increased their target price on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. StockNews.com lowered shares of EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Finally, Wells Fargo & Company increased their price objective on shares of EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $55.39.

EQT Stock Down 3.5 %

EQT traded down $1.78 during trading on Monday, hitting $49.44. The company had a trading volume of 9,746,489 shares, compared to its average volume of 7,817,743. The business has a 50-day moving average of $50.21 and a 200-day moving average of $47.28. The company has a market cap of $29.60 billion, a PE ratio of 123.60, a P/E/G ratio of 0.64 and a beta of 1.35. EQT has a 1-year low of $30.02 and a 1-year high of $56.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. grew its holdings in shares of EQT by 47.7% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock worth $44,000 after purchasing an additional 310 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after buying an additional 205 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after buying an additional 193 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of EQT in the 4th quarter valued at approximately $55,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of EQT by 33.1% during the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock worth $55,000 after acquiring an additional 298 shares during the period. 90.81% of the stock is owned by institutional investors.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT's payout ratio is 110.53%.

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.