Capital One Financial Weighs in on EQT Co.’s Q2 2022 Earnings (NYSE:EQT)

EQT Co. (NYSE:EQTGet Rating) – Stock analysts at Capital One Financial upped their Q2 2022 earnings estimates for shares of EQT in a research report issued to clients and investors on Wednesday, May 4th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will earn $0.52 per share for the quarter, up from their previous estimate of $0.39. Capital One Financial also issued estimates for EQT’s Q3 2022 earnings at $0.70 EPS and FY2023 earnings at $4.35 EPS.

Several other equities research analysts have also recently commented on EQT. Wells Fargo & Company boosted their price target on shares of EQT from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, March 14th. Citigroup upped their price target on shares of EQT from $30.00 to $55.00 in a research note on Tuesday, April 26th. StockNews.com assumed coverage on shares of EQT in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Tudor Pickering raised shares of 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. Finally, Truist Financial increased their price objective on shares of EQT from $35.00 to $60.00 in a research note on Thursday, April 21st. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, EQT has a consensus rating of “Buy” and a consensus price target of $48.09.

Shares of EQT stock opened at $41.05 on Monday. EQT has a 12-month low of $15.71 and a 12-month high of $45.50. The firm has a market capitalization of $15.17 billion, a price-to-earnings ratio of -4.97, a price-to-earnings-growth ratio of 0.49 and a beta of 0.97. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average of $34.55 and a 200-day moving average of $26.08.

EQT (NYSE:EQTGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The oil and gas producer reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.18). During the same quarter last year, the business earned $0.30 EPS.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Yale University purchased a new position in shares of EQT in the third quarter worth about $263,059,000. Forrestal Agricultural Corp purchased a new position in shares of EQT in the fourth quarter worth about $183,175,000. Board of Trustees of The Leland Stanford Junior University purchased a new position in shares of EQT in the third quarter worth about $169,716,000. Soroban Capital Partners LP purchased a new position in shares of EQT in the fourth quarter worth about $157,875,000. Finally, ANTIPODES PARTNERS Ltd increased its stake in shares of EQT by 125.7% in the first quarter. ANTIPODES PARTNERS Ltd now owns 5,610,868 shares of the oil and gas producer’s stock worth $193,069,000 after purchasing an additional 3,124,354 shares in the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Wednesday, May 11th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.22%. The ex-dividend date is Tuesday, May 10th. EQT’s dividend payout ratio is -6.05%.

About EQT (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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