Equities Analysts Offer Predictions for EQT FY2024 Earnings

EQT Co. (NYSE:EQT - Free Report) - Equities researchers at Zacks Research lifted their FY2024 earnings estimates for EQT in a research report issued on Thursday, January 9th. Zacks Research analyst R. Department now expects that the oil and gas producer will post earnings of $1.33 per share for the year, up from their prior estimate of $1.29. 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 $0.47 EPS, Q4 2025 earnings at $1.14 EPS, FY2025 earnings at $3.08 EPS, Q4 2026 earnings at $1.33 EPS and FY2026 earnings at $3.71 EPS.

Several other equities analysts also recently issued reports on EQT. Stephens increased their price objective on shares of EQT from $37.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $49.00 price target on shares of EQT in a research note on Monday, January 6th. UBS Group boosted their price objective on EQT from $40.00 to $42.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Truist Financial raised their target price on EQT from $32.00 to $41.00 and gave the company a "hold" rating in a research report on Tuesday, November 26th. Finally, Sanford C. Bernstein initiated coverage on EQT in a research note on Friday, December 6th. They issued a "market perform" rating and a $50.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $47.83.

EQT Trading Down 0.0 %

Shares of NYSE:EQT opened at $48.99 on Monday. The firm has a market capitalization of $29.23 billion, a price-to-earnings ratio of 58.32 and a beta of 1.12. The business's 50 day moving average price is $44.56 and its 200-day moving average price is $38.27. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. EQT has a 1 year low of $30.02 and a 1 year high of $50.03.

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

Insider Buying and Selling

In related news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction that occurred on Tuesday, December 3rd. The shares were 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 in the company, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.63% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. HM Payson & Co. acquired a new position in EQT during the 3rd quarter worth about $25,000. Truvestments Capital LLC acquired a new stake in shares of EQT during the third quarter worth about $30,000. Quarry LP boosted its stake in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 578 shares during the period. Hexagon Capital Partners LLC grew its holdings in shares of EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 904 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in EQT during the 3rd quarter worth approximately $36,000. 90.81% of the stock is currently owned by hedge funds and other 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.