William Blair Has Negative Outlook of EQT FY2025 Earnings

EQT Corporation (NYSE:EQT) – Stock analysts at William Blair reduced their FY2025 earnings per share (EPS) estimates for shares of EQT in a report issued on Tuesday, October 21st. William Blair analyst N. Dingmann now forecasts that the oil and gas producer will post earnings per share of $2.85 for the year, down from their prior forecast of $3.14. William Blair has a “Outperform” rating on the stock. The consensus estimate for EQT’s current full-year earnings is $3.27 per share. William Blair also issued estimates for EQT’s FY2026 earnings at $4.46 EPS, FY2027 earnings at $5.59 EPS, FY2028 earnings at $6.00 EPS and FY2029 earnings at $6.36 EPS.

A number of other analysts have also commented on EQT. Piper Sandler lifted their target price on EQT from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. BMO Capital Markets reduced their price objective on EQT from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. Weiss Ratings restated a “hold (c)” rating on shares of EQT in a research note on Tuesday, October 14th. Wells Fargo & Company upgraded shares of EQT to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, UBS Group boosted their price objective on shares of EQT from $65.00 to $67.00 and gave the company a “buy” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.39.

EQT Price Performance

Shares of EQT opened at $53.60 on Wednesday. EQT has a twelve month low of $35.44 and a twelve month high of $61.02. The company has a market capitalization of $33.45 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 0.47 and a beta of 0.50. The firm has a 50 day moving average of $52.72 and a 200 day moving average of $53.60. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.32.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, October 21st. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.78 billion. EQT had a net margin of 22.59% and a return on equity of 7.04%. The business’s revenue for the quarter was up 52.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EQT. Vanguard Group Inc. grew its position in shares of EQT by 2.1% in the first quarter. Vanguard Group Inc. now owns 74,039,340 shares of the oil and gas producer’s stock valued at $3,955,922,000 after purchasing an additional 1,509,054 shares in the last quarter. Northern Trust Corp increased its stake in shares of EQT by 2.0% in the 1st quarter. Northern Trust Corp now owns 5,692,985 shares of the oil and gas producer’s stock worth $304,176,000 after acquiring an additional 113,716 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of EQT by 2.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,204,106 shares of the oil and gas producer’s stock worth $278,055,000 after acquiring an additional 110,249 shares during the period. Neuberger Berman Group LLC boosted its position in shares of EQT by 10.3% during the 1st quarter. Neuberger Berman Group LLC now owns 5,191,780 shares of the oil and gas producer’s stock valued at $277,397,000 after acquiring an additional 484,671 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of EQT by 7.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,658,814 shares of the oil and gas producer’s stock valued at $251,017,000 after acquiring an additional 311,154 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EQT news, Director Vicky A. Bailey sold 4,259 shares of EQT stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $51.56, for a total transaction of $219,594.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Sarah Fenton sold 12,438 shares of the company’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $51.94, for a total transaction of $646,029.72. Following the sale, the executive vice president directly owned 13,297 shares of the company’s stock, valued at $690,646.18. The trade was a 48.33% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

EQT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 5th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, November 5th. This represents a $0.66 annualized dividend and a yield of 1.2%. This is an increase from EQT’s previous quarterly dividend of $0.16. EQT’s dividend payout ratio is currently 34.05%.

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.