EQT Stock Sees Q1 Earnings Estimate Cut at Zacks Research

Key Points

• Zacks Research cut EQT’s Q1 2027 EPS estimate to $1.43 from $1.47 and maintained a “Hold” rating; the firm also issued estimates for subsequent 2027 and Q1 2028 quarters.
• EQT’s latest quarter missed expectations, reporting $0.39 EPS versus $0.41 projected and $1.68 billion in revenue versus $1.76 billion expected. Revenue fell 29.2% year over year.
• Analyst sentiment remains broadly favorable, with EQT carrying a consensus “Moderate Buy” rating and an average price target of $68.09, despite several recent target reductions.

EQT Corporation (NYSE:EQT - Free Report) - Research analysts at Zacks Research dropped their Q1 2027 earnings per share (EPS) estimates for EQT in a report issued on Monday, September 28th. Zacks Research analyst Team now anticipates that the oil and gas producer will post earnings of $1.43 per share for the quarter, down from their prior forecast of $1.47. Zacks Research has a "Hold" rating on the stock. The consensus estimate for EQT's current full-year earnings is $3.92 per share. Zacks Research also issued estimates for EQT's Q2 2027 earnings at $0.40 EPS, Q3 2027 earnings at $0.77 EPS and Q1 2028 earnings at $1.70 EPS.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). EQT had a return on equity of 9.31% and a net margin of 28.44%.The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the business posted $0.45 EPS. The company's revenue for the quarter was down 29.2% on a year-over-year basis.

Several other equities analysts also recently issued reports on EQT. JPMorgan Chase & Co. reduced their price target on shares of EQT from $72.00 to $68.00 and set an "overweight" rating for the company in a report on Tuesday, June 23rd. Wall Street Zen downgraded shares of EQT from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Weiss Ratings lowered shares of EQT from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, July 30th. Morgan Stanley dropped their price target on shares of EQT from $68.00 to $67.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 19th. Finally, Barclays cut their price target on EQT from $70.00 to $68.00 and set an "overweight" rating on the stock in a report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, EQT has an average rating of "Moderate Buy" and a consensus price target of $68.09.

EQT Price Performance

Shares of EQT opened at $48.89 on Wednesday. EQT has a 12 month low of $47.94 and a 12 month high of $68.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a fifty day moving average price of $53.10 and a 200 day moving average price of $55.31. The company has a market cap of $30.58 billion, a P/E ratio of 11.34 and a beta of 0.58.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 5th were given a $0.1650 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $0.66 annualized dividend and a yield of 1.4%. EQT's payout ratio is 15.31%.

Insiders Place Their Bets

In other EQT news, CEO Toby Rice sold 175,328 shares of the company's stock in a transaction dated 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 directly owned 2,157,865 shares of the company's stock, valued at approximately $118,747,310.95. This represents a 7.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.72% of the company's stock.

Institutional Trading of EQT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in EQT in the second quarter worth approximately $3,204,125,000. State Street Corp lifted its position in shares of EQT by 3.7% during the 2nd quarter. State Street Corp now owns 39,679,249 shares of the oil and gas producer's stock valued at $2,109,746,000 after acquiring an additional 1,398,316 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of EQT by 41.4% during the 2nd quarter. Wellington Management Group LLP now owns 22,565,479 shares of the oil and gas producer's stock worth $1,199,807,000 after acquiring an additional 6,603,286 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of EQT in the 2nd quarter worth $512,148,000. Finally, Bank of America Corp DE grew its holdings in shares of EQT by 7.2% in the 2nd quarter. Bank of America Corp DE now owns 4,240,709 shares of the oil and gas producer's stock worth $225,478,000 after acquiring an additional 284,244 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Key EQT News

Here are the key news stories impacting EQT this week:

• Positive Sentiment: Sell-side brokerages collectively rate EQT Corporation “Moderate Buy,” suggesting analysts see potential upside despite recent earnings concerns. EQT Corporation Stock Now Rated Moderate Buy by Sell-Side Brokerages
• Positive Sentiment: Zacks Research raised its FY2028 EPS forecast to $4.69 from $4.58, indicating expectations for stronger longer-term profitability. EQT Stock Sees Q3 Earnings Estimate Cut at Zacks Research
• Neutral Sentiment: An article about EQT raising its tender-offer price for Japanese company Kakaku.com to ¥3,681 and extending the offer period appears unrelated to EQT Corporation and should not materially affect EQT shares. EQT Raises Kakaku.com Tender Offer Price and Extends Period
• Negative Sentiment: Zacks lowered its Q3 2026 EPS forecast to $0.44 from $0.47 and its Q4 2026 estimate to $0.75 from $0.76. It also reduced FY2026 EPS to $3.91 from $3.95 and FY2027 EPS to $3.42 from $3.50. These revisions point to softer near- and medium-term earnings expectations. EQT Stock Sees Q3 Earnings Estimate Cut at Zacks Research
• Negative Sentiment: The company’s latest reported quarter missed consensus EPS and revenue estimates, while revenue declined 29.2% year over year, adding to concerns about operating performance and near-term natural-gas market conditions.

About EQT

EQT Corporation is a natural gas producer headquartered in Pittsburgh, Pennsylvania. The company explores for, develops, and produces natural gas, natural gas liquids, and crude oil, with its operations concentrated in the Appalachian Basin, particularly the Marcellus and Utica shale formations.

In addition to its upstream production activities, EQT has interests in the midstream infrastructure used to gather, process, transport, and store natural gas. These assets support the movement of production from well sites to regional and interstate markets.

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