EQT Corporation (EQT) To Go Ex-Dividend on August 6th

EQT Corporation (NYSE:EQT) declared a quarterly dividend on Wednesday, July 16th, RTT News reports. Stockholders of record on Wednesday, August 6th will be given a dividend of 0.1575 per share by the oil and gas producer on Tuesday, September 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, August 6th.

EQT has a payout ratio of 12.6% meaning its dividend is sufficiently covered by earnings. Analysts expect EQT to earn $4.34 per share next year, which means the company should continue to be able to cover its $0.63 annual dividend with an expected future payout ratio of 14.5%.

EQT Trading Down 0.7%

Shares of NYSE EQT opened at $58.76 on Friday. The company’s fifty day moving average is $56.55 and its 200-day moving average is $52.77. The stock has a market cap of $35.18 billion, a price-to-earnings ratio of 103.09, a P/E/G ratio of 0.38 and a beta of 0.65. EQT has a twelve month low of $30.02 and a twelve month high of $61.02. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.33.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. EQT had a return on equity of 5.52% and a net margin of 6.59%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. Equities research analysts predict that EQT will post 3.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EQT shares. Wells Fargo & Company lifted their target price on EQT from $59.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, June 16th. TD Cowen upgraded EQT from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Tuesday, April 8th. UBS Group reiterated a “buy” rating on shares of EQT in a report on Monday. Stephens reduced their price target on EQT from $59.00 to $57.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Finally, Piper Sandler boosted their price objective on EQT from $35.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, EQT has a consensus rating of “Moderate Buy” and an average target price of $60.15.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in EQT stock. Caxton Associates LLP purchased a new stake in shares of EQT Corporation (NYSE:EQT) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,798 shares of the oil and gas producer’s stock, valued at approximately $256,000. 90.81% of the stock is owned by institutional investors.

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.