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

EQT Co. (NYSE:EQT) – Equities researchers at Zacks Research increased their Q3 2026 earnings per share (EPS) estimates for EQT in a report released on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the oil and gas producer will earn $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.

Several other equities research analysts also recently weighed in on the company. Citigroup raised EQT from a “neutral” rating to a “buy” rating and increased their price target for the stock from $37.00 to $44.00 in a report on Thursday, October 3rd. Truist Financial increased their price target on EQT from $32.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday. Piper Sandler increased their price objective on EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Mizuho increased their price objective on EQT from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Morgan Stanley increased their price objective on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, EQT presently has an average rating of “Moderate Buy” and an average price target of $44.67.

EQT Price Performance

Shares of NYSE EQT opened at $45.58 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 fifty day moving average price of $38.70 and a 200 day moving average price of $37.05. EQT has a 1-year low of $30.02 and a 1-year high of $48.02. The company has a market cap of $27.20 billion, a PE ratio of 54.26 and a beta of 1.06.

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

Institutional Trading of EQT

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in shares of EQT by 38.7% in the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after purchasing an additional 20,700,921 shares in the last quarter. Modera Wealth Management LLC purchased a new stake in shares of EQT during the 3rd quarter valued at about $562,494,000. State Street Corp increased its holdings in EQT by 24.5% during the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock worth $1,359,183,000 after purchasing an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC increased its holdings in EQT by 34.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after purchasing an additional 3,582,418 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in EQT during the 3rd quarter worth approximately $97,979,000. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Dividend Announcement

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

About EQT

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.