What is Zacks Research’s Estimate for EQT Q3 Earnings?

EQT Co. (NYSE:EQT) – Research analysts at Zacks Research increased their Q3 2024 EPS estimates for shares of EQT in a research note issued on Wednesday, October 23rd. Zacks Research analyst D. Bhowal now expects that the oil and gas producer will post earnings per share of $0.22 for the quarter, up from their previous forecast of $0.18. The consensus estimate for EQT’s current full-year earnings is $1.37 per share. Zacks Research also issued estimates for EQT’s Q4 2024 earnings at $0.52 EPS, FY2024 earnings at $1.48 EPS, Q1 2025 earnings at $1.08 EPS and Q1 2026 earnings at $1.24 EPS.

Several other analysts also recently issued reports on the stock. Stephens reduced their price target on shares of EQT from $47.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Truist Financial reduced their price target on shares of EQT from $36.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Piper Sandler downgraded shares of EQT from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $43.00 to $32.00 in a report on Thursday, August 15th. StockNews.com raised shares of EQT to a “sell” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.18.

EQT Stock Performance

NYSE EQT opened at $36.96 on Thursday. The company has a fifty day simple moving average of $34.66 and a 200 day simple moving average of $36.60. EQT has a 12-month low of $30.02 and a 12-month high of $45.23. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. The company has a market cap of $16.32 billion, a P/E ratio of 26.78 and a beta of 1.06.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.12. EQT had a net margin of 12.45% and a return on equity of 4.52%. The business had revenue of $952.51 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm posted ($0.17) EPS. EQT’s revenue was down 6.5% compared to the same quarter last year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s payout ratio is 45.65%.

Institutional Investors Weigh In On EQT

A number of hedge funds have recently made changes to their positions in the business. Hunter Associates Investment Management LLC raised its stake in shares of EQT by 55.4% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 26,028 shares of the oil and gas producer’s stock worth $954,000 after purchasing an additional 9,275 shares during the period. Autumn Glory Partners LLC bought a new stake in EQT in the 3rd quarter valued at about $468,000. Nisa Investment Advisors LLC raised its stake in EQT by 24.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 92,812 shares of the oil and gas producer’s stock valued at $3,401,000 after acquiring an additional 18,311 shares during the period. Inscription Capital LLC raised its stake in EQT by 151.8% in the 3rd quarter. Inscription Capital LLC now owns 25,165 shares of the oil and gas producer’s stock valued at $922,000 after acquiring an additional 15,170 shares during the period. Finally, Baker Tilly Wealth Management LLC bought a new stake in EQT in the 3rd quarter valued at about $249,000. 90.81% of the stock is currently owned by institutional investors.

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.