EQT Corporation Declares Quarterly Dividend of $0.17 (NYSE:EQT)

EQT Corporation (NYSE:EQT) announced a quarterly dividend on Tuesday, April 14th. Investors of record on Wednesday, May 6th will be given a dividend of 0.165 per share by the oil and gas producer on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, May 6th.

EQT has increased its dividend by an average of 0.8%per year over the last three years and has increased its dividend every year for the last 3 years. EQT has a payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect EQT to earn $4.34 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 15.2%.

EQT Stock Down 1.7%

EQT stock opened at $56.73 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.27. EQT has a 1 year low of $47.14 and a 1 year high of $68.24. The company has a fifty day simple moving average of $60.92 and a 200 day simple moving average of $57.38. The firm has a market cap of $35.45 billion, a PE ratio of 17.14, a PEG ratio of 1.09 and a beta of 0.70.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.14. EQT had a net margin of 23.59% and a return on equity of 7.25%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the business earned $0.69 EPS. EQT’s quarterly revenue was up 24.8% compared to the same quarter last year. Sell-side analysts anticipate that EQT will post 3.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EQT has been the subject of a number of research analyst reports. Siebert Williams Shank boosted their target price on shares of EQT from $59.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. The Goldman Sachs Group cut their target price on shares of EQT from $70.00 to $66.00 and set a “buy” rating for the company in a research report on Thursday, January 22nd. Wolfe Research boosted their target price on shares of EQT from $64.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. TD Securities raised shares of EQT to a “strong-buy” rating in a research report on Friday, February 20th. Finally, Barclays boosted their target price on shares of EQT from $67.00 to $69.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $68.50.

EQT Company Profile

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.