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

EQT Corporation (NYSE:EQT) declared a quarterly dividend on Wednesday, July 15th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date is Wednesday, August 5th.

EQT has increased its dividend payment 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 dividend payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect EQT to earn $3.67 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 18.0%.

EQT Stock Performance

NYSE EQT opened at $53.29 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.19. EQT has a twelve month low of $47.94 and a twelve month high of $68.24. The business has a 50-day moving average price of $52.29 and a 200-day moving average price of $56.50. The firm has a market cap of $33.33 billion, a price-to-earnings ratio of 12.36 and a beta of 0.58.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). EQT had a net margin of 28.44% and a return on equity of 9.31%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the business posted $0.45 EPS. The firm’s revenue for the quarter was down 29.2% compared to the same quarter last year. As a group, equities research analysts predict that EQT will post 4.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of EQT from $70.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Sanford C. Bernstein restated an “outperform” rating on shares of EQT in a research report on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $69.00 target price on shares of EQT in a research note on Wednesday, April 15th. Barclays lifted their price target on shares of EQT from $69.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings cut shares of EQT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.08.

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.