EQT Stock Gets Increased EPS Forecast from Zacks Research

Key Points

• Zacks Research raised its Q4 2027 EPS forecast for EQT to $1.01 from $0.82 and maintains a Hold rating.
• EQT’s latest quarterly EPS of $0.42 beat the $0.37 consensus, while revenue of $1.77 billion edged estimates but fell 9.6% year over year.
• EQT increased its quarterly dividend to $0.17 per share. Across analysts, the stock has a Moderate Buy consensus rating and an average price target of $68.

EQT Corporation (NYSE:EQT - Free Report) - Investment analysts at Zacks Research increased their Q4 2027 EPS estimates for shares of EQT in a report issued on Tuesday, November 10th. Zacks Research analyst Team now anticipates that the oil and gas producer will earn $1.01 per share for the quarter, up from their previous forecast of $0.82. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for EQT's current full-year earnings is $3.86 per share. Zacks Research also issued estimates for EQT's Q1 2028 earnings at $1.44 EPS, Q2 2028 earnings at $1.02 EPS and Q3 2028 earnings at $0.99 EPS.

EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, October 27th. The oil and gas producer reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.05. EQT had a net margin of 28.40% and a return on equity of 8.89%. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the firm earned $0.52 earnings per share. EQT's revenue was down 9.6% compared to the same quarter last year.

EQT has been the subject of several other reports. Morgan Stanley lowered their price objective on shares of EQT from $68.00 to $67.00 and set an "overweight" rating for the company in a research note on Wednesday, August 19th. Scotiabank cut their target price on EQT from $54.00 to $53.00 and set a "sector perform" rating on the stock in a research report on Tuesday, October 27th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of EQT in a research report on Thursday, July 30th. Jefferies Financial Group reduced their target price on EQT from $75.00 to $73.00 and set a "buy" rating on the stock in a report on Tuesday, September 29th. Finally, Stifel Nicolaus initiated coverage on EQT in a research report on Wednesday, September 9th. They set a "buy" rating and a $66.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $68.00.

EQT Stock Performance

NYSE:EQT opened at $52.77 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.19. The company has a market cap of $33.01 billion, a P/E ratio of 12.87 and a beta of 0.68. EQT has a fifty-two week low of $47.94 and a fifty-two week high of $68.24. The firm's 50 day moving average is $52.82 and its two-hundred day moving average is $55.48.

EQT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 4th will be paid a dividend of $0.17 per share. This is an increase from EQT's previous quarterly dividend of $0.1650. This represents a $0.68 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, November 4th. EQT's payout ratio is presently 16.11%.

Insider Transactions at EQT

In other news, CEO Toby Rice sold 175,328 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $55.03, for a total value of $9,648,299.84. Following the completion of the sale, the chief executive officer owned 2,157,865 shares of the company's stock, valued at $118,747,310.95. This represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EQT

Hedge funds have recently made changes to their positions in the business. Fort Sheridan Advisors LLC boosted its position in EQT by 18.5% during the 3rd quarter. Fort Sheridan Advisors LLC now owns 31,019 shares of the oil and gas producer's stock worth $1,506,000 after purchasing an additional 4,853 shares during the period. TIAA CREF Individual & Institutional Services LLC increased its holdings in EQT by 8.4% in the 3rd quarter. TIAA CREF Individual & Institutional Services LLC now owns 8,967 shares of the oil and gas producer's stock valued at $435,000 after purchasing an additional 693 shares in the last quarter. TIAA Trust National Association raised its position in EQT by 3,786.5% in the third quarter. TIAA Trust National Association now owns 1,438 shares of the oil and gas producer's stock valued at $70,000 after purchasing an additional 1,401 shares during the period. Advisors Asset Management Inc. purchased a new position in EQT in the third quarter valued at about $1,276,000. Finally, one8zero8 LLC acquired a new position in shares of EQT during the third quarter worth about $364,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

Latest EQT News

Investors following EQT have been watching these news items:

• Neutral Sentiment: An article describes EQT’s $12.8 billion Range Resources bet as a wager on stronger natural-gas demand by 2028. That could strengthen EQT’s position if demand grows, though the outlook is not assured and the deal adds execution considerations. Article: EQT's $12.8 Billion Range Resources Bet Is Built Around 2028 Gas Demand
• Neutral Sentiment: The reported $5 billion Icon Cancer Care sale appears to concern EQT’s private-equity business, not EQT Corporation, so it does not appear to be a direct catalyst for EQT shares. Article: EQT appoints sell-side advisers for $5b Icon Cancer Care sale
• Negative Sentiment: Zacks cut several estimates, including FY2026 EPS to $3.78 from $3.91, FY2027 to $3.29 from $3.42, and Q4 2026 and Q1 2027 forecasts. The broader downward revisions could weigh on sentiment despite the higher Q2 2027 and FY2028 estimates.

About EQT

EQT Corporation is a natural gas company focused on the exploration, development and production of natural gas in the Appalachian Basin. Its operations are concentrated in Pennsylvania, West Virginia and Ohio, including the Marcellus and Utica shale formations. The company also operates midstream infrastructure that gathers and transports natural gas from production areas to pipelines and markets. This includes gathering systems and transmission assets serving the Appalachian region. Headquartered in Pittsburgh, EQT traces its roots to the late 19th century and was formerly known as Equitable Resources.

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