The SunTrust Banks Analysts Cut Earnings Estimates for EQT Corp. (EQT)

The SunTrust Banks Analysts Cut Earnings Estimates for EQT Corp. (EQT)

EQT Corp. (NYSE:EQT) – Analysts at SunTrust Banks reduced their Q1 2017 earnings estimates for shares of EQT Corp. in a research report issued to clients and investors on Thursday. SunTrust Banks analyst N. Dingmann now anticipates that the brokerage will post earnings of $0.29 per share for the quarter, down from their previous estimate of $0.32. SunTrust Banks also issued estimates for EQT Corp.’s Q4 2017 earnings at $0.37 EPS.

EQT Corp. (NYSE:EQT) last released its quarterly earnings results on Thursday, October 27th. The company reported ($0.26) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.15. The business had revenue of $502.55 million for the quarter, compared to analyst estimates of $456.55 million. EQT Corp. had a negative return on equity of 1.14% and a negative net margin of 21.61%. EQT Corp.’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.33) EPS.

Other equities analysts have also recently issued research reports about the company. Jefferies Group lifted their price target on EQT Corp. from $74.00 to $77.00 and gave the stock a “hold” rating in a report on Friday, July 29th. Scotiabank cut EQT Corp. from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $91.00 to $90.00 in a report on Thursday, August 11th. Howard Weil reduced their price objective on EQT Corp. from $92.00 to $91.00 and set a “sector outperform” rating for the company in a report on Friday, July 29th. Zacks Investment Research cut EQT Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 18th. Finally, Citigroup Inc. upgraded EQT Corp. from a “neutral” rating to a “buy” rating in a report on Friday. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of C$77.84.

Shares of EQT Corp. (NYSE:EQT) opened at 66.01 on Monday. The company’s market capitalization is $11.40 billion. The company’s 50-day moving average price is $70.00 and its 200-day moving average price is $71.86. EQT Corp. has a 52-week low of $47.10 and a 52-week high of $80.61.

Several hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in EQT Corp. by 0.3% in the second quarter. Fisher Asset Management LLC now owns 3,258 shares of the company’s stock worth $251,000 after buying an additional 10 shares during the last quarter. First Manhattan Co. boosted its stake in EQT Corp. by 0.6% in the second quarter. First Manhattan Co. now owns 6,490 shares of the company’s stock worth $502,000 after buying an additional 40 shares during the last quarter. CIBC Asset Management Inc boosted its stake in EQT Corp. by 0.4% in the third quarter. CIBC Asset Management Inc now owns 16,641 shares of the company’s stock worth $1,208,000 after buying an additional 68 shares during the last quarter. Raymond James Trust N.A. boosted its stake in EQT Corp. by 0.8% in the third quarter. Raymond James Trust N.A. now owns 9,494 shares of the company’s stock worth $689,000 after buying an additional 72 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its stake in EQT Corp. by 1.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 7,493 shares of the company’s stock worth $504,000 after buying an additional 75 shares during the last quarter. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 11th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.18%. EQT Corp.’s payout ratio is presently -4.92%.

EQT Corp. Company Profile

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