Brokers Issue Forecasts for EQT’s Q3 Earnings (NYSE:EQT)

EQT Co. (NYSE:EQT) – Investment analysts at Zacks Research increased their Q3 2026 earnings estimates for shares of EQT in a research report issued to clients and investors on Thursday, November 21st. Zacks Research analyst R. Department now expects that the oil and gas producer will post earnings of $0.66 per share for the quarter, up from their previous estimate of $0.56. The consensus estimate for EQT’s current full-year earnings is $1.35 per share.

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

Several other analysts have also issued reports on the stock. UBS Group boosted their price objective on shares of EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Bank of America started coverage on shares of EQT in a research note on Monday, October 28th. They set a “buy” rating and a $50.00 price target on the stock. Morgan Stanley boosted their price target on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday. Stephens boosted their price target on shares of EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, EQT has a consensus rating of “Moderate Buy” and a consensus price target of $44.67.

EQT Stock Down 0.9 %

Shares of EQT opened at $45.58 on Monday. The firm has a market cap of $27.20 billion, a P/E ratio of 54.26 and a beta of 1.06. EQT has a 12-month low of $30.02 and a 12-month high of $48.02. The company’s 50-day moving average price is $38.70 and its 200 day moving average price is $37.05. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s dividend payout ratio (DPR) is 75.00%.

Hedge Funds Weigh In On EQT

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HM Payson & Co. acquired a new position in EQT in the third quarter valued at approximately $25,000. Innealta Capital LLC acquired a new position in EQT in the second quarter valued at approximately $28,000. Truvestments Capital LLC acquired a new position in EQT in the third quarter valued at approximately $30,000. Quarry LP boosted its holdings in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 578 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 904 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

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.