Brokers Offer Predictions for EQT’s Q3 Earnings (NYSE:EQT)

EQT Corporation (NYSE:EQT) – Investment analysts at Zacks Research lifted their Q3 2028 earnings estimates for shares of EQT in a research note issued on Monday, September 28th. Zacks Research analyst Team now forecasts that the oil and gas producer will earn $1.10 per share for the quarter, up from their previous estimate of $1.04. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for EQT’s current full-year earnings is $3.90 per share.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, July 21st. The oil and gas producer reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.76 billion. EQT had a return on equity of 9.31% and a net margin of 28.44%.The business’s quarterly revenue was down 29.2% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS.

Several other analysts have also commented on the stock. UBS Group increased their price target on shares of EQT from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, September 14th. JPMorgan Chase & Co. reduced their price objective on shares of EQT from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Citigroup lifted their price target on shares of EQT from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. The Goldman Sachs Group reduced their price target on EQT from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Finally, Freedom Capital raised EQT to a “strong-buy” rating in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, EQT presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.09.

EQT Price Performance

Shares of EQT stock opened at $50.09 on Friday. The stock’s 50-day moving average is $52.93 and its 200 day moving average is $55.09. EQT has a 1-year low of $47.94 and a 1-year high of $68.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $31.33 billion, a P/E ratio of 11.62 and a beta of 0.66.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of EQT during the 2nd quarter worth about $3,204,125,000. State Street Corp increased its stake in shares of EQT by 3.7% in the 2nd quarter. State Street Corp now owns 39,679,249 shares of the oil and gas producer’s stock valued at $2,109,746,000 after purchasing an additional 1,398,316 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of EQT by 41.4% in the 2nd quarter. Wellington Management Group LLP now owns 22,565,479 shares of the oil and gas producer’s stock valued at $1,199,807,000 after purchasing an additional 6,603,286 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in EQT in the 2nd quarter worth about $512,148,000. Finally, Bank of America Corp DE raised its holdings in EQT by 7.2% in the 2nd quarter. Bank of America Corp DE now owns 4,240,709 shares of the oil and gas producer’s stock worth $225,478,000 after purchasing an additional 284,244 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Insider Activity

In related news, CEO Toby Rice sold 175,328 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $55.03, for a total transaction of $9,648,299.84. Following the sale, the chief executive officer directly owned 2,157,865 shares of the company’s stock, valued at approximately $118,747,310.95. This represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.72% of the stock is currently owned by corporate insiders.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 5th were issued a dividend of $0.1650 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, August 5th. EQT’s payout ratio is 15.31%.

Trending Headlines about EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: Sell-side brokerages now give EQT a “Moderate Buy” consensus, providing some support for the shares. EQT Corporation Stock Now Rated Moderate Buy by Sell-Side Brokerages
• Positive Sentiment: Zacks Research raised its EPS forecasts for the second quarter of 2027, to $0.40 from $0.38, and for the first quarter of 2028, to $1.70 from $1.67. These increases suggest some confidence in EQT’s longer-term earnings potential.
• Neutral Sentiment: Analysts are preparing for EQT’s next earnings report. The company previously missed quarterly EPS and revenue expectations, while full-year EPS consensus is approximately $3.90-$3.92, making the upcoming release an important near-term catalyst. What You Need to Know Ahead of EQT’s Earnings Release
• Neutral Sentiment: Zacks maintained a “Hold” rating, indicating that analysts see balanced risk and reward despite the revised earnings estimates.
• Negative Sentiment: Options activity was notably defensive: traders purchased 66,691 put options, roughly 368% above typical daily put volume. While this may represent hedging rather than outright bearish speculation, it signals heightened concern about downside risk around earnings.
• Negative Sentiment: Zacks reduced its EPS forecasts for the first quarter of 2027, to $1.43 from $1.47, and the third quarter of 2027, to $0.77 from $0.78. The cuts partially offset the positive estimate revisions.

EQT Company Profile

EQT Corporation is a natural gas producer headquartered in Pittsburgh, Pennsylvania. The company explores for, develops, and produces natural gas, natural gas liquids, and crude oil, with its operations concentrated in the Appalachian Basin, particularly the Marcellus and Utica shale formations.

In addition to its upstream production activities, EQT has interests in the midstream infrastructure used to gather, process, transport, and store natural gas. These assets support the movement of production from well sites to regional and interstate markets.