Capital One Financial Raises Earnings Estimates for EQT

EQT Co. (NYSE:EQT - Free Report) - Capital One Financial lifted their FY2025 earnings estimates for EQT in a research report issued on Wednesday, April 23rd. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings of $4.34 per share for the year, up from their previous forecast of $4.16. The consensus estimate for EQT's current full-year earnings is $3.27 per share.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The firm had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion.

EQT has been the subject of a number of other research reports. Truist Financial upped their price target on EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $49.00 price target on shares of EQT in a report on Monday, January 6th. UBS Group cut their price objective on shares of EQT from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Stephens lowered their target price on EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Morgan Stanley lifted their target price on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $55.39.

EQT Price Performance

Shares of NYSE EQT opened at $50.26 on Monday. The company has a market capitalization of $30.09 billion, a price-to-earnings ratio of 125.65, a PEG ratio of 0.64 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. EQT has a 1-year low of $30.02 and a 1-year high of $56.66. The business has a 50-day moving average of $50.31 and a 200-day moving average of $47.16.

Hedge Funds Weigh In On EQT

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mather Group LLC. lifted its holdings in shares of EQT by 15.3% in the 1st quarter. Mather Group LLC. now owns 6,417 shares of the oil and gas producer's stock worth $343,000 after purchasing an additional 852 shares during the last quarter. New York State Teachers Retirement System lifted its stake in EQT by 2.1% in the first quarter. New York State Teachers Retirement System now owns 468,362 shares of the oil and gas producer's stock valued at $25,025,000 after buying an additional 9,685 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of EQT by 1.4% during the first quarter. Amalgamated Bank now owns 116,475 shares of the oil and gas producer's stock valued at $6,223,000 after acquiring an additional 1,566 shares during the period. Essex Financial Services Inc. grew its position in shares of EQT by 14.0% during the first quarter. Essex Financial Services Inc. now owns 8,113 shares of the oil and gas producer's stock worth $433,000 after acquiring an additional 995 shares during the last quarter. Finally, Stonebridge Financial Group LLC increased its holdings in shares of EQT by 167.6% in the 1st quarter. Stonebridge Financial Group LLC now owns 3,201 shares of the oil and gas producer's stock worth $171,000 after acquiring an additional 2,005 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.25%. EQT's dividend payout ratio is currently 110.53%.

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.

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