EQT Corporation (EQT) to Issue Quarterly Dividend of $0.17 on June 1st

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

EQT has raised its dividend payment by an average of 0.8%per year over the last three years and has raised its dividend every year for the last 3 years. EQT has a dividend payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 0.0%

EQT stock opened at $56.71 on Thursday. EQT has a fifty-two week low of $47.14 and a fifty-two week high of $68.24. The stock has a fifty day moving average of $60.95 and a 200-day moving average of $57.38. The company has a market capitalization of $35.44 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.07 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 0.76.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.14. EQT had a net margin of 23.59% and a return on equity of 7.25%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business earned $0.69 earnings per share. The company’s quarterly revenue was up 24.8% on a year-over-year basis. As a group, equities research analysts predict that EQT will post 3.27 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. TD Securities upgraded EQT to a “strong-buy” rating in a research report on Friday, February 20th. Wells Fargo & Company lifted their price target on EQT from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Royal Bank Of Canada restated a “sector perform” rating and issued a $69.00 target price on shares of EQT in a research note on Wednesday. Jefferies Financial Group reiterated a “buy” rating on shares of EQT in a research report on Sunday, January 18th. Finally, Capital One Financial increased their price target on shares of EQT from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, March 26th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, EQT currently has a consensus rating of “Moderate Buy” and an average price target of $68.46.

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.