EQT Co. (NYSE:EQT) – Investment analysts at  PETERS & COMPAN reduced their FY2022 earnings per share (EPS) estimates for shares of EQT  in a report released on  Wednesday, November 30th. PETERS & COMPAN analyst C. Comeau now forecasts that the oil and gas producer will earn $5.08 per share for the year, down from their previous forecast of $6.51. PETERS & COMPAN  has a "Sector Perform" rating on the stock. The consensus estimate for EQT's current full-year earnings is $4.28 per share. PETERS & COMPAN also issued estimates for EQT's FY2023 earnings at $9.94 EPS and FY2024 earnings at $8.32 EPS.

EQT (NYSE:EQT – Get Rating) last released its quarterly earnings results on Wednesday, October 26th. The oil and gas producer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.99 by $0.05. The company had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.74 billion.

EQT has been the topic of a number of other reports. Bank of America boosted their price target on shares of EQT from $72.00 to $74.00 and gave the stock a "buy" rating in a research note on Monday, September 19th. Tudor Pickering downgraded EQT from a "buy" rating to a "hold" rating in a research note on Wednesday. Citigroup lifted their price target on EQT from $48.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, September 21st. Piper Sandler upped their target price on shares of EQT from $62.00 to $63.00 and gave the stock an "overweight" rating in a research report on Thursday, November 17th. Finally, TD Securities lowered their price target on EQT from $62.00 to $61.00 and set a "buy" rating on the stock in a report on Friday, October 28th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned  a buy rating to the company. According to data from MarketBeat, EQT  has an average rating of "Moderate Buy" and a consensus target price of $59.88.

EQT Stock Down 3.8 %

Shares of EQT stock opened at $39.93 on Friday. The company has a market cap of $14.66 billion, a P/E ratio of 8.83, a PEG ratio of 0.18 and a beta of 1.15. The firm has a fifty day moving average of $41.70 and a two-hundred day moving average of $42.71. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 0.59. EQT has a one year low of $18.59 and a one year high of $51.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of  EQT by 19.8% during the 3rd quarter. Vanguard Group Inc. now owns 38,038,225 shares of the oil and gas producer's stock worth $1,550,057,000 after purchasing an additional 6,293,070 shares during the period.  Capital World Investors acquired a new stake in shares of  EQT in the first quarter worth $497,156,000.  Clearbridge Investments LLC raised its stake in shares of  EQT by 66.1% in the 1st quarter. Clearbridge Investments LLC now owns 11,115,761 shares of the oil and gas producer's stock valued at $382,493,000 after acquiring an additional 4,423,003 shares during the period.  Third Point LLC lifted its holdings in shares of  EQT by 79.9% during the 1st quarter. Third Point LLC now owns 8,950,000 shares of the oil and gas producer's stock valued at $307,970,000 after acquiring an additional 3,975,000 shares in the last quarter.  Finally, Renaissance Technologies LLC boosted its position in  EQT by 6,029.6% during the 1st quarter. Renaissance Technologies LLC now owns 6,424,264 shares of the oil and gas producer's stock worth $221,059,000 after purchasing an additional 6,319,457 shares during the period. Institutional investors and hedge funds own  95.63% of the company's stock.

Insider Buying and Selling at EQT

In other news, EVP William E. Jordan sold 98,783 shares of the stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $41.55, for a total transaction of $4,104,433.65. Following the transaction, the executive vice president now directly owns 297,787 shares in the company, valued at approximately $12,373,049.85. The sale was disclosed in a legal filing with the SEC. 0.48% of the stock is owned by company insiders.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Wednesday, November 9th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend  was Tuesday, November 8th. EQT's payout ratio is 13.27%.

About EQT

EQT Corporation operates as a natural gas production company in the United States. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, natural gas liquids, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play.