FY2024 EPS Estimates for EQT Lifted by Capital One Financial

EQT Co. (NYSE:EQT) – Equities researchers at Capital One Financial lifted their FY2024 earnings per share (EPS) estimates for EQT in a note issued to investors on Wednesday, January 8th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will earn $1.20 per share for the year, up from their prior estimate of $1.19. The consensus estimate for EQT’s current full-year earnings is $1.37 per share. Capital One Financial also issued estimates for EQT’s Q4 2024 earnings at $0.34 EPS, FY2025 earnings at $3.19 EPS and FY2026 earnings at $4.83 EPS.

A number of other equities research analysts also recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Royal Bank of Canada reissued a “sector perform” rating and issued a $49.00 target price on shares of EQT in a research report on Monday, January 6th. Bank of America began coverage on EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 price target for the company. StockNews.com upgraded EQT to a “sell” rating in a report on Monday, December 30th. Finally, Wells Fargo & Company raised their target price on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, EQT has an average rating of “Moderate Buy” and a consensus target price of $48.67.

EQT Trading Up 1.1 %

NYSE EQT opened at $50.62 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $30.20 billion, a P/E ratio of 60.26 and a beta of 1.12. The firm’s 50-day moving average is $45.09 and its two-hundred day moving average is $38.45. EQT has a 12 month low of $30.02 and a 12 month high of $51.21.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 EPS.

Insider Transactions at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the sale, the director now owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On EQT

Several hedge funds have recently added to or reduced their stakes in EQT. Radnor Capital Management LLC boosted its holdings in shares of EQT by 0.4% in the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock valued at $2,810,000 after buying an additional 237 shares in the last quarter. Davis Investment Partners LLC boosted its stake in EQT by 1.0% in the third quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock valued at $1,137,000 after acquiring an additional 317 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of EQT by 7.4% during the third quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer’s stock worth $224,000 after purchasing an additional 421 shares during the last quarter. Financial Avengers Inc. grew its holdings in shares of EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 504 shares during the last quarter. Finally, Quarry LP increased its position in shares of EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

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.