EQT (EQT) Scheduled to Post Quarterly Earnings on Tuesday

EQT (NYSE:EQT) is set to issue its quarterly earnings data after the market closes on Tuesday, July 23rd. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.17. EQT had a net margin of 10.96% and a return on equity of 4.57%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $1.70 earnings per share. The business’s revenue was down 28.8% on a year-over-year basis. On average, analysts expect EQT to post $1 EPS for the current fiscal year and $4 EPS for the next fiscal year.

EQT Stock Up 1.5 %

Shares of EQT stock opened at $35.88 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. EQT has a 52-week low of $32.07 and a 52-week high of $45.23. The stock has a market capitalization of $15.84 billion, a price-to-earnings ratio of 26.00 and a beta of 1.12. The company’s 50 day moving average price is $38.89 and its 200-day moving average price is $37.40.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, August 7th. EQT’s dividend payout ratio is 45.65%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EQT. Wolfe Research began coverage on shares of EQT in a report on Thursday. They issued an “outperform” rating and a $51.00 price target on the stock. Scotiabank lifted their price target on shares of EQT from $54.00 to $55.00 and gave the company a “sector outperform” rating in a report on Friday, July 12th. Sanford C. Bernstein upgraded shares of EQT from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $27.00 to $34.00 in a report on Wednesday, April 10th. Wells Fargo & Company cut shares of EQT from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $48.00 to $37.00 in a report on Wednesday, April 17th. Finally, Morgan Stanley lifted their price target on shares of EQT from $37.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, EQT presently has a consensus rating of “Hold” and an average target price of $45.67.

Insider Transactions at EQT

In other news, EVP William E. Jordan sold 35,000 shares of EQT stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $40.72, for a total value of $1,425,200.00. Following the completion of the transaction, the executive vice president now owns 456,837 shares of the company’s stock, valued at approximately $18,602,402.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other EQT news, insider Lesley Evancho sold 46,884 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the completion of the sale, the insider now directly owns 160,884 shares in the company, valued at approximately $6,642,900.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William E. Jordan sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total value of $1,425,200.00. Following the transaction, the executive vice president now owns 456,837 shares of the company’s stock, valued at $18,602,402.64. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

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.