Scotiabank Equities Analysts Lower Earnings Estimates for EQT Co. (NYSE:EQT)

EQT Co. (NYSE:EQT) – Stock analysts at Scotiabank reduced their Q1 2025 earnings per share estimates for shares of EQT in a report issued on Thursday, April 11th. Scotiabank analyst C. Bean now anticipates that the oil and gas producer will post earnings per share of $1.16 for the quarter, down from their prior estimate of $1.19. Scotiabank currently has a “Sector Outperform” rating and a $52.00 price target on the stock. The consensus estimate for EQT’s current full-year earnings is $1.53 per share.

A number of other brokerages have also weighed in on EQT. Jefferies Financial Group lifted their target price on EQT from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Truist Financial cut their price target on EQT from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, April 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $37.00 price target (down from $39.00) on shares of EQT in a report on Wednesday, March 20th. Mizuho reiterated a “neutral” rating and issued a $39.00 price target on shares of EQT in a report on Thursday, April 4th. Finally, The Goldman Sachs Group cut their price target on EQT from $48.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $44.13.

EQT Trading Down 0.6 %

Shares of NYSE EQT opened at $37.25 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $35.73 and a two-hundred day simple moving average of $38.17. The firm has a market cap of $16.41 billion, a PE ratio of 8.76 and a beta of 1.12. EQT has a twelve month low of $30.84 and a twelve month high of $45.23.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, February 13th. The oil and gas producer reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. EQT had a return on equity of 7.12% and a net margin of 25.12%. EQT’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 EPS.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were given a dividend of $0.1575 per share. The ex-dividend date was Friday, February 16th. This represents a $0.63 dividend on an annualized basis and a yield of 1.69%. EQT’s dividend payout ratio is currently 14.82%.

Institutional Trading of EQT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in shares of EQT by 3.7% in the 3rd quarter. Fifth Third Bancorp now owns 7,363 shares of the oil and gas producer’s stock valued at $299,000 after buying an additional 264 shares during the period. Allworth Financial LP lifted its holdings in shares of EQT by 26.9% in the 3rd quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock valued at $54,000 after buying an additional 282 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of EQT by 0.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,672 shares of the oil and gas producer’s stock valued at $1,285,000 after buying an additional 294 shares during the period. Huntington National Bank lifted its holdings in shares of EQT by 20.0% in the 3rd quarter. Huntington National Bank now owns 1,792 shares of the oil and gas producer’s stock valued at $73,000 after buying an additional 299 shares during the period. Finally, UniSuper Management Pty Ltd raised its holdings in EQT by 13.0% in the 3rd quarter. UniSuper Management Pty Ltd now owns 2,600 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

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.