EQT Co. Expected to Earn Q1 2022 Earnings of $0.96 Per Share (NYSE:EQT)

EQT Co. (NYSE:EQTGet Rating) – Research analysts at US Capital Advisors dropped their Q1 2022 earnings per share estimates for shares of EQT in a research note issued to investors on Monday, April 25th. US Capital Advisors analyst C. Horwitz now forecasts that the oil and gas producer will post earnings of $0.96 per share for the quarter, down from their prior estimate of $1.25. US Capital Advisors also issued estimates for EQT’s Q2 2022 earnings at $0.68 EPS, Q3 2022 earnings at $1.10 EPS, Q4 2022 earnings at $1.29 EPS, FY2022 earnings at $4.02 EPS, Q1 2023 earnings at $3.20 EPS, Q2 2023 earnings at $1.69 EPS, Q3 2023 earnings at $1.70 EPS, Q4 2023 earnings at $1.78 EPS, FY2023 earnings at $8.37 EPS, Q1 2024 earnings at $2.16 EPS and FY2024 earnings at $6.08 EPS.

Several other equities research analysts have also weighed in on EQT. Wells Fargo & Company boosted their target price on EQT from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, March 14th. Tudor, Pickering, Holt & Co. upgraded EQT from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Monday, April 11th. Piper Sandler upped their price target on EQT from $29.00 to $58.00 in a report on Thursday, April 21st. Citigroup upped their price target on EQT from $30.00 to $55.00 in a report on Tuesday. Finally, StockNews.com assumed coverage on EQT in a report on Thursday, March 31st. They set a “hold” rating for the company. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $44.55.

EQT opened at $38.94 on Wednesday. The business has a 50 day moving average price of $31.59 and a 200 day moving average price of $24.94. EQT has a twelve month low of $15.71 and a twelve month high of $45.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.45 and a current ratio of 0.45. The firm has a market cap of $14.64 billion, a P/E ratio of -8.93, a price-to-earnings-growth ratio of 0.58 and a beta of 1.17.

EQT (NYSE:EQTGet Rating) last posted its earnings results on Wednesday, February 9th. The oil and gas producer reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.10). The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the business posted ($0.02) EPS.

A number of large investors have recently modified their holdings of EQT. Morgan Stanley boosted its holdings in shares of EQT by 169.8% in the second quarter. Morgan Stanley now owns 899,708 shares of the oil and gas producer’s stock valued at $20,028,000 after buying an additional 566,202 shares during the period. WINTON GROUP Ltd raised its position in EQT by 14.1% during the third quarter. WINTON GROUP Ltd now owns 11,995 shares of the oil and gas producer’s stock worth $245,000 after acquiring an additional 1,481 shares in the last quarter. Victory Capital Management Inc. raised its position in EQT by 26.6% during the third quarter. Victory Capital Management Inc. now owns 63,997 shares of the oil and gas producer’s stock worth $1,309,000 after acquiring an additional 13,440 shares in the last quarter. New York State Common Retirement Fund raised its position in EQT by 15.9% during the third quarter. New York State Common Retirement Fund now owns 352,216 shares of the oil and gas producer’s stock worth $7,206,000 after acquiring an additional 48,312 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of EQT by 73.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 44,256 shares of the oil and gas producer’s stock valued at $905,000 after purchasing an additional 18,677 shares during the period. 89.38% of the stock is owned by hedge funds and other institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Wednesday, May 11th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, May 10th. EQT’s payout ratio is presently -11.47%.

EQT Company Profile (Get Rating)

EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), including ethane, propane, isobutane, butane, and natural gasoline. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play.

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Earnings History and Estimates for EQT (NYSE:EQT)

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