Zacks Research Has Pessimistic Opinion of EQT Q3 Earnings

EQT Corporation (NYSE:EQT) – Stock analysts at Zacks Research lowered their Q3 2026 EPS estimates for shares of EQT in a report issued on Monday, September 28th. Zacks Research analyst Team now forecasts that the oil and gas producer will post earnings per share of $0.44 for the quarter, down from their prior estimate of $0.47. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for EQT’s current full-year earnings is $3.92 per share. Zacks Research also issued estimates for EQT’s Q4 2026 earnings at $0.75 EPS, FY2026 earnings at $3.91 EPS, Q4 2027 earnings at $0.82 EPS, FY2027 earnings at $3.42 EPS and FY2028 earnings at $4.69 EPS.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.76 billion. EQT had a net margin of 28.44% and a return on equity of 9.31%. The firm’s quarterly revenue was down 29.2% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS.

A number of other brokerages have also weighed in on EQT. Stephens reiterated an “overweight” rating and set a $71.00 target price on shares of EQT in a research note on Thursday, September 17th. Morgan Stanley decreased their price objective on EQT from $68.00 to $67.00 and set an “overweight” rating on the stock in a report on Wednesday, August 19th. Wall Street Zen lowered shares of EQT from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. The Goldman Sachs Group cut their price objective on shares of EQT from $65.00 to $63.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Finally, Stifel Nicolaus started coverage on shares of EQT in a report on Wednesday, September 9th. They set a “buy” rating and a $66.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.09.

EQT Trading Down 2.0%

Shares of EQT stock opened at $48.89 on Tuesday. EQT has a 12-month low of $47.94 and a 12-month high of $68.24. The company has a market capitalization of $30.58 billion, a PE ratio of 11.34 and a beta of 0.58. The firm has a 50 day moving average price of $53.10 and a two-hundred day moving average price of $55.31. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.19.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 5th were given a $0.1650 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, August 5th. EQT’s payout ratio is currently 15.31%.

Insider Buying and Selling

In other news, CEO Toby Rice sold 175,328 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $55.03, for a total value of $9,648,299.84. Following the completion of the transaction, the chief executive officer owned 2,157,865 shares of the company’s stock, valued at approximately $118,747,310.95. This represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On EQT

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in EQT in the 2nd quarter valued at approximately $3,204,125,000. State Street Corp grew its stake in shares of EQT by 3.7% during the second quarter. State Street Corp now owns 39,679,249 shares of the oil and gas producer’s stock worth $2,109,746,000 after buying an additional 1,398,316 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of EQT by 41.4% during the second quarter. Wellington Management Group LLP now owns 22,565,479 shares of the oil and gas producer’s stock worth $1,199,807,000 after buying an additional 6,603,286 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of EQT in the 2nd quarter valued at $512,148,000. Finally, Bank of America Corp DE boosted its holdings in shares of EQT by 7.2% during the 2nd quarter. Bank of America Corp DE now owns 4,240,709 shares of the oil and gas producer’s stock valued at $225,478,000 after acquiring an additional 284,244 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

About EQT

EQT Corporation is a natural gas producer headquartered in Pittsburgh, Pennsylvania. The company explores for, develops, and produces natural gas, natural gas liquids, and crude oil, with its operations concentrated in the Appalachian Basin, particularly the Marcellus and Utica shale formations.

In addition to its upstream production activities, EQT has interests in the midstream infrastructure used to gather, process, transport, and store natural gas. These assets support the movement of production from well sites to regional and interstate markets.