Q1 2025 EPS Estimates for EQT Co. Lowered by Scotiabank (NYSE:EQT)

EQT Co. (NYSE:EQT) – Scotiabank dropped their Q1 2025 earnings estimates for EQT in a report released on Thursday, April 11th. Scotiabank analyst C. Bean now expects that the oil and gas producer will earn $1.16 per share for the quarter, down from their previous estimate of $1.19. Scotiabank currently has a “Sector Outperform” rating and a $52.00 target price on the stock. The consensus estimate for EQT’s current full-year earnings is $1.53 per share.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. EQT had a net margin of 25.12% and a return on equity of 7.12%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share.

Other equities analysts have also recently issued research reports about the stock. Truist Financial reduced their price target on shares of EQT from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. The Goldman Sachs Group reduced their price target on shares of EQT from $48.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, April 2nd. Sanford C. Bernstein upgraded shares of EQT from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $27.00 to $34.00 in a research report on Wednesday, April 10th. Mizuho boosted their price target on shares of EQT from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Piper Sandler boosted their price target on shares of EQT from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.20.

EQT Stock Performance

Shares of NYSE:EQT opened at $36.20 on Monday. EQT has a 12 month low of $30.84 and a 12 month high of $45.23. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $35.81 and a 200-day moving average price of $38.11. The company has a market cap of $15.94 billion, a price-to-earnings ratio of 8.52 and a beta of 1.12.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, February 16th. EQT’s payout ratio is 14.82%.

Institutional Investors Weigh In On EQT

A number of institutional investors have recently made changes to their positions in EQT. Fifth Third Bancorp boosted its holdings in EQT by 3.7% in the third quarter. Fifth Third Bancorp now owns 7,363 shares of the oil and gas producer’s stock worth $299,000 after purchasing an additional 264 shares during the last quarter. Allworth Financial LP boosted its holdings in EQT by 26.9% in the third quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock worth $54,000 after purchasing an additional 282 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in EQT by 0.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,672 shares of the oil and gas producer’s stock worth $1,285,000 after purchasing an additional 294 shares during the last quarter. Huntington National Bank boosted its holdings in EQT by 20.0% in the third quarter. Huntington National Bank now owns 1,792 shares of the oil and gas producer’s stock worth $73,000 after purchasing an additional 299 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its holdings in EQT by 13.0% in the third quarter. UniSuper Management Pty Ltd now owns 2,600 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

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.