EQT (EQT) Expected to Announce Quarterly Earnings on Tuesday

EQT (NYSE:EQT) is anticipated to announce its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $1.81 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

EQT Stock Performance

NYSE EQT opened at $53.55 on Tuesday. The company has a market capitalization of $31.95 billion, a price-to-earnings ratio of 63.74, a PEG ratio of 0.62 and a beta of 1.08. EQT has a twelve month low of $30.02 and a twelve month high of $54.85. The stock has a fifty day simple moving average of $47.96 and a 200 day simple moving average of $40.45. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.18%. EQT’s dividend payout ratio (DPR) is 75.00%.

Insiders Place Their Bets

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the completion of the sale, the director now directly owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

EQT has been the subject of a number of recent analyst reports. Piper Sandler increased their target price on shares of EQT from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley lifted their target price on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Citigroup upped their price target on shares of EQT from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective for the company in a research report on Wednesday, January 15th. Finally, Bank of America began coverage on EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, EQT currently has an average rating of “Moderate Buy” and a consensus target price of $49.94.

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.