EQT Corporation (NYSE:EQT) announced a quarterly dividend on Wednesday, October 11th, RTT News reports. Stockholders of record on Friday, November 10th will be given a dividend of 0.03 per share by the oil and gas producer on Friday, December 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Thursday, November 9th.
EQT Corporation has a payout ratio of 15.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect EQT Corporation to earn $1.58 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 7.6%.
Shares of EQT Corporation (NYSE EQT) opened at $65.18 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. EQT Corporation has a 1-year low of $49.63 and a 1-year high of $75.74. The firm has a market cap of $11,298.50, a PE ratio of 74.92, a PEG ratio of 5.46 and a beta of 0.79.
EQT Corporation (NYSE:EQT) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas producer reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.17. EQT Corporation had a net margin of 1.39% and a return on equity of 1.61%. The business had revenue of $660.30 million during the quarter, compared to analyst estimates of $667.05 million. During the same period last year, the business posted ($0.26) earnings per share. EQT Corporation’s quarterly revenue was up 18.6% compared to the same quarter last year. research analysts predict that EQT Corporation will post 0.8 EPS for the current year.
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In other EQT Corporation news, Director A. Bray Jr. Cary bought 406 shares of EQT Corporation stock in a transaction dated Monday, October 2nd. The shares were purchased at an average cost of $65.24 per share, for a total transaction of $26,487.44. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.
Several equities research analysts recently weighed in on the stock. SunTrust Banks, Inc. reissued a “hold” rating and set a $67.00 price target on shares of EQT Corporation in a research report on Friday, October 27th. Cowen and Company set a $80.00 price target on shares of EQT Corporation and gave the company a “buy” rating in a research report on Wednesday, October 18th. Morgan Stanley raised their price target on shares of EQT Corporation from $60.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. J P Morgan Chase & Co raised their price target on shares of EQT Corporation from $75.00 to $81.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Finally, BMO Capital Markets set a $75.00 target price on shares of EQT Corporation and gave the stock a “buy” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $78.09.
About EQT Corporation
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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