EQT Corporation (EQT) To Go Ex-Dividend on August 5th

EQT Corporation (NYSE:EQT) announced a quarterly dividend on Wednesday, July 15th. Investors of record on Wednesday, August 5th will be paid a dividend of 0.165 per share by the oil and gas producer on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, August 5th.

EQT has raised its dividend payment by an average of 0.8%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. EQT has a payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect EQT to earn $3.73 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 17.7%.

EQT Trading Up 0.3%

Shares of EQT opened at $49.38 on Friday. EQT has a fifty-two week low of $47.94 and a fifty-two week high of $68.24. The business has a 50-day moving average of $53.42 and a 200 day moving average of $56.60. The firm has a market cap of $30.89 billion, a P/E ratio of 9.37 and a beta of 0.55. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.66 and a current ratio of 0.66.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, April 21st. The oil and gas producer reported $2.33 EPS for the quarter, beating the consensus estimate of $2.01 by $0.32. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.14 billion. EQT had a net margin of 31.94% and a return on equity of 9.74%. During the same period in the prior year, the firm earned $1.18 earnings per share. As a group, research analysts forecast that EQT will post 4.26 EPS for the current year.

About EQT

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.