Brokerages forecast that EQT Co. (NYSE:EQT – Get Rating) will announce $1.37 billion in sales for the current quarter, according to Zacks. Fourteen analysts have issued estimates for EQT’s earnings. The lowest sales estimate is $1.22 billion and the highest is $1.52 billion. EQT posted sales of $996.88 million during the same quarter last year, which suggests a positive year-over-year growth rate of 37.4%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that EQT will report full year sales of $5.76 billion for the current year, with estimates ranging from $3.96 billion to $6.48 billion. For the next year, analysts forecast that the business will report sales of $6.99 billion, with estimates ranging from $5.29 billion to $8.89 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow EQT.
EQT (NYSE:EQT – Get Rating) last posted its quarterly earnings data 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 period in the prior year, the business posted $0.30 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in shares of EQT by 15.6% in the first quarter. Geneos Wealth Management Inc. now owns 2,605 shares of the oil and gas producer’s stock valued at $89,000 after purchasing an additional 351 shares during the period. Arizona State Retirement System lifted its stake in EQT by 0.4% in the first quarter. Arizona State Retirement System now owns 86,842 shares of the oil and gas producer’s stock worth $2,988,000 after acquiring an additional 362 shares during the last quarter. Captrust Financial Advisors lifted its stake in EQT by 3.2% in the first quarter. Captrust Financial Advisors now owns 14,014 shares of the oil and gas producer’s stock worth $482,000 after acquiring an additional 436 shares during the last quarter. Buckingham Strategic Partners lifted its stake in EQT by 5.0% in the first quarter. Buckingham Strategic Partners now owns 11,188 shares of the oil and gas producer’s stock worth $386,000 after acquiring an additional 530 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in EQT by 0.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 105,781 shares of the oil and gas producer’s stock worth $2,248,000 after acquiring an additional 595 shares during the last quarter. 90.34% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE EQT opened at $40.52 on Friday. The firm has a 50-day simple moving average of $36.89 and a 200-day simple moving average of $27.09. The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of -4.91, a price-to-earnings-growth ratio of 0.46 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. EQT has a 52 week low of $15.71 and a 52 week high of $45.50.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Wednesday, May 11th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, May 10th. EQT’s payout ratio is -6.05%.
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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