FY2024 Earnings Estimate for EQT Co. (NYSE:EQT) Issued By Capital One Financial

EQT Co. (NYSE:EQT) – Capital One Financial lifted their FY2024 earnings estimates for EQT in a report issued on Wednesday, July 3rd. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will earn $0.99 per share for the year, up from their previous estimate of $0.97. The consensus estimate for EQT’s current full-year earnings is $1.06 per share. Capital One Financial also issued estimates for EQT’s Q1 2025 earnings at $0.78 EPS, Q2 2025 earnings at $0.75 EPS, Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $0.80 EPS and FY2026 earnings at $3.79 EPS.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. EQT had a net margin of 10.96% and a return on equity of 4.57%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the firm posted $1.70 earnings per share. The company’s revenue for the quarter was down 28.8% compared to the same quarter last year.

EQT has been the subject of a number of other research reports. Scotiabank increased their price target on EQT from $52.00 to $54.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 9th. Jefferies Financial Group lifted their price target on EQT from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Sanford C. Bernstein upgraded EQT from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $27.00 to $34.00 in a research report on Wednesday, April 10th. StockNews.com upgraded EQT to a “sell” rating in a research report on Wednesday, May 29th. Finally, Morgan Stanley upped their price target on EQT from $37.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, EQT currently has an average rating of “Hold” and an average price target of $45.24.

EQT Trading Up 0.5 %

NYSE EQT opened at $36.55 on Monday. EQT has a 12 month low of $32.07 and a 12 month high of $45.23. The company has a 50-day moving average of $39.46 and a 200-day moving average of $37.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $16.14 billion, a P/E ratio of 26.49 and a beta of 1.12.

Institutional Trading of EQT

Large investors have recently bought and sold shares of the business. Fulton Bank N.A. lifted its holdings in shares of EQT by 5.0% in the 2nd quarter. Fulton Bank N.A. now owns 10,886 shares of the oil and gas producer’s stock worth $403,000 after acquiring an additional 516 shares during the last quarter. Mather Group LLC. increased its position in shares of EQT by 214.0% in the 2nd quarter. Mather Group LLC. now owns 1,790 shares of the oil and gas producer’s stock valued at $66,000 after purchasing an additional 1,220 shares during the last quarter. DNB Asset Management AS increased its position in shares of EQT by 11.7% in the 2nd quarter. DNB Asset Management AS now owns 78,924 shares of the oil and gas producer’s stock valued at $2,919,000 after purchasing an additional 8,298 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of EQT by 7.9% in the 2nd quarter. Moody National Bank Trust Division now owns 36,048 shares of the oil and gas producer’s stock valued at $1,333,000 after buying an additional 2,629 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of EQT by 40.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,498 shares of the oil and gas producer’s stock valued at $55,000 after buying an additional 434 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Insider Buying and Selling at EQT

In related news, insider Lesley Evancho sold 46,884 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total value of $1,935,840.36. Following the sale, the insider now directly owns 160,884 shares of the company’s stock, valued at approximately $6,642,900.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP William E. Jordan sold 35,000 shares of EQT stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total transaction of $1,425,200.00. Following the completion of the sale, the executive vice president now directly owns 456,837 shares in the company, valued at $18,602,402.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lesley Evancho sold 46,884 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the transaction, the insider now owns 160,884 shares of the company’s stock, valued at $6,642,900.36. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Wednesday, May 8th were issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.72%. The ex-dividend date was Tuesday, May 7th. EQT’s dividend payout ratio is currently 45.65%.

About EQT

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.