EQT (EQT) Set to Announce Earnings on Tuesday

EQT (NYSE:EQT - Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share 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 firm had revenue of $952.51 million during the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the previous year, the company earned ($0.17) earnings per share. The firm's quarterly revenue was down 6.5% on a year-over-year basis. On average, analysts expect EQT to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

EQT Stock Performance

Shares of EQT traded down $0.39 during mid-day trading on Tuesday, hitting $35.97. 4,615,710 shares of the company traded hands, compared to its average volume of 7,046,629. EQT has a 1 year low of $30.02 and a 1 year high of $45.23. The stock has a market cap of $15.88 billion, a price-to-earnings ratio of 26.35 and a beta of 1.06. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50-day moving average price of $34.47 and a two-hundred day moving average price of $36.61.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.1575 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.75%. EQT's dividend payout ratio is currently 45.65%.

Analyst Upgrades and Downgrades

A number of analysts have commented on EQT shares. Mizuho reduced their target price on shares of EQT from $43.00 to $41.00 and set a "neutral" rating for the company in a report on Friday, October 4th. Truist Financial reduced their target price on shares of EQT from $36.00 to $32.00 and set a "hold" rating for the company in a report on Monday, July 22nd. BMO Capital Markets upped their target price on shares of EQT from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, October 4th. UBS Group reduced their price objective on shares of EQT from $38.00 to $36.00 and set a "neutral" rating for the company in a research note on Wednesday, September 18th. Finally, Piper Sandler cut shares of EQT from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $43.00 to $32.00 in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.18.

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.