Trading Report: The SunTrust Banks Equities Analysts Cut Earnings Estimates for EQT Corp. (EQT)

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

EQT Corp. (NYSE:EQT) – Equities researchers at SunTrust Banks reduced their Q1 2017 EPS estimates for shares of EQT Corp. in a research report issued on Thursday. SunTrust Banks analyst N. Dingmann now anticipates that the firm will earn $0.29 per share for the quarter, down from their prior forecast of $0.32. SunTrust Banks also issued estimates for EQT Corp.’s Q4 2017 earnings at $0.37 EPS.

EQT Corp. (NYSE:EQT) last posted its quarterly earnings results on Thursday, October 27th. The company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.15. The firm 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 quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.33) earnings per share.

A number of other equities research analysts have also commented on the company. Scotiabank restated a “sector outperform” rating and set a $91.00 price target (down from $92.00) on shares of EQT Corp. in a research report on Sunday, July 31st. Zacks Investment Research upgraded EQT Corp. from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Monday, October 17th. Tudor Pickering lowered EQT Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, October 13th. Howard Weil lowered EQT Corp. from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $91.00 to $90.00 in a research report on Thursday, August 11th. Finally, GMP Securities started coverage on EQT Corp. in a research report on Wednesday, September 28th. They issued a “buy” rating and a $92.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$77.84.

EQT Corp. (NYSE:EQT) opened at 66.01 on Monday. 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. The firm’s market capitalization is $11.40 billion.

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

Several hedge funds have recently added to or reduced their stakes in EQT. Fisher Asset Management LLC increased 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 valued at $251,000 after buying an additional 10 shares in the last quarter. First Manhattan Co. increased 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 valued at $502,000 after buying an additional 40 shares in the last quarter. CIBC Asset Management Inc increased 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 valued at $1,208,000 after buying an additional 68 shares in the last quarter. Raymond James Trust N.A. increased 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 valued at $689,000 after buying an additional 72 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased 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 valued at $504,000 after buying an additional 75 shares in the last quarter. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

EQT Corp. Company Profile

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