William Blair Weighs in on EQT's FY2025 Earnings (NYSE:EQT)

Key Points

• William Blair has revised its FY2025 earnings estimate for EQT from $3.14 to $2.85 per share, while maintaining an "Outperform" rating on the stock.
• The company plans to increase its quarterly dividend from $0.16 to $0.165 per share, marking a 1.2% annual yield.
• EQT reported Q3 earnings of $0.52 per share, surpassing analysts' expectations by $0.02, with a year-over-year revenue increase of 52.6%.

EQT Corporation (NYSE:EQT - Free Report) - Research analysts at William Blair reduced their FY2025 earnings estimates for shares of EQT in a research note issued to investors on Tuesday, October 21st. William Blair analyst N. Dingmann now expects that the oil and gas producer will post earnings per share of $2.85 for the year, down from their prior forecast of $3.14. William Blair has a "Outperform" rating on the stock. The consensus estimate for EQT's current full-year earnings is $3.27 per share. William Blair also issued estimates for EQT's FY2026 earnings at $4.46 EPS, FY2027 earnings at $5.59 EPS, FY2028 earnings at $6.00 EPS and FY2029 earnings at $6.36 EPS.

Other equities analysts also recently issued reports about the stock. BMO Capital Markets dropped their price objective on shares of EQT from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Monday, September 22nd. Wells Fargo & Company upgraded shares of EQT to a "strong-buy" rating in a research note on Thursday, October 16th. Wolfe Research increased their price objective on shares of EQT from $71.00 to $72.00 and gave the company an "outperform" rating in a research note on Monday, October 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of EQT in a research note on Tuesday, October 14th. Finally, Siebert Williams Shank dropped their price objective on shares of EQT from $62.00 to $59.00 and set a "hold" rating on the stock in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.39.

EQT Price Performance

NYSE EQT opened at $55.64 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.71. The firm's 50 day moving average price is $52.67 and its 200-day moving average price is $53.60. EQT has a 52-week low of $35.44 and a 52-week high of $61.02. The company has a market cap of $34.72 billion, a PE ratio of 30.07, a P/E/G ratio of 0.47 and a beta of 0.50.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The oil and gas producer reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. EQT had a net margin of 15.87% and a return on equity of 6.24%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the business posted $0.12 EPS. The firm's revenue for the quarter was up 52.6% on a year-over-year basis.

EQT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 5th will be paid a dividend of $0.165 per share. This is a boost from EQT's previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, November 5th. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. EQT's dividend payout ratio (DPR) is presently 34.05%.

Insider Activity at EQT

In related news, Director Vicky A. Bailey sold 4,259 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $51.56, for a total transaction of $219,594.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sarah Fenton sold 12,438 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $51.94, for a total transaction of $646,029.72. Following the transaction, the executive vice president owned 13,297 shares of the company's stock, valued at approximately $690,646.18. This trade represents a 48.33% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.65% of the company's stock.

Institutional Trading of EQT

Several large investors have recently bought and sold shares of EQT. Nuveen LLC purchased a new stake in EQT during the 1st quarter worth approximately $120,252,000. Vanguard Group Inc. grew its position in EQT by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 74,039,340 shares of the oil and gas producer's stock worth $3,955,922,000 after purchasing an additional 1,509,054 shares during the last quarter. Sound Shore Management Inc CT purchased a new stake in EQT during the 2nd quarter worth approximately $67,539,000. Ninepoint Partners LP grew its position in EQT by 200.0% during the 1st quarter. Ninepoint Partners LP now owns 1,500,000 shares of the oil and gas producer's stock worth $80,145,000 after purchasing an additional 1,000,000 shares during the last quarter. Finally, Situational Awareness LP purchased a new stake in EQT during the 1st quarter worth approximately $52,864,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.