FY2024 EPS Estimates for EQT Lifted by Capital One Financial

EQT Co. (NYSE:EQT - Free Report) - Analysts at Capital One Financial lifted their FY2024 EPS estimates for shares of EQT in a report released on Wednesday, January 8th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings per share of $1.20 for the year, up from their prior estimate of $1.19. The consensus estimate for EQT's current full-year earnings is $1.37 per share. Capital One Financial also issued estimates for EQT's Q4 2024 earnings at $0.34 EPS, FY2025 earnings at $3.19 EPS and FY2026 earnings at $4.83 EPS.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same period in the prior year, the firm posted $0.30 EPS. The business's quarterly revenue was up 8.2% compared to the same quarter last year.

Several other brokerages have also recently issued reports on EQT. StockNews.com raised shares of EQT to a "sell" rating in a research report on Monday, December 30th. Mizuho raised EQT from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $48.00 to $57.00 in a report on Monday, December 16th. Piper Sandler boosted their target price on EQT from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their target price on EQT from $50.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, January 3rd. Finally, Bank of America began coverage on EQT in a research report on Monday, October 28th. They set a "buy" rating and a $50.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $47.83.

EQT Stock Performance

Shares of EQT opened at $48.99 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT has a 52-week low of $30.02 and a 52-week high of $50.03. The stock has a 50 day moving average price of $44.56 and a 200 day moving average price of $38.27. The company has a market capitalization of $29.23 billion, a price-to-earnings ratio of 58.32 and a beta of 1.12.

Hedge Funds Weigh In On EQT

A number of large investors have recently made changes to their positions in EQT. Sanctuary Advisors LLC grew its position in EQT by 104.7% during the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer's stock worth $2,327,000 after buying an additional 32,484 shares during the period. Retirement Systems of Alabama grew its holdings in shares of EQT by 36.7% in the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer's stock worth $4,878,000 after acquiring an additional 35,733 shares during the period. FMR LLC increased its stake in EQT by 2.5% in the 3rd quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer's stock valued at $41,520,000 after purchasing an additional 28,129 shares in the last quarter. Tidal Investments LLC raised its holdings in EQT by 55.8% during the third quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer's stock worth $2,228,000 after purchasing an additional 21,789 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in EQT by 34.4% in the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer's stock valued at $511,159,000 after purchasing an additional 3,582,418 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 other EQT news, Director Thomas F. Karam sold 30,154 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the completion of the sale, the director now owns 201,608 shares of the company's stock, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is owned by corporate insiders.

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.