EQT Co. (NYSE:EQT) Declares Quarterly Dividend of $0.16

EQT Co. (NYSE:EQT - Get Free Report) announced a quarterly dividend on Wednesday, April 16th, RTT News reports. Stockholders of record on Wednesday, May 7th will be paid a dividend of 0.1575 per share by the oil and gas producer on Monday, June 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.24%.

EQT has a dividend payout ratio of 13.1% indicating that 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 $0.63 annual dividend with an expected future payout ratio of 14.5%.

EQT Trading Up 0.2 %

NYSE EQT traded up $0.09 on Wednesday, hitting $50.83. 6,418,879 shares of the company were exchanged, compared to its average volume of 8,704,359. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. EQT has a twelve month low of $30.02 and a twelve month high of $56.66. The firm has a market capitalization of $30.37 billion, a P/E ratio of 127.08, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The company's 50 day moving average price is $50.86 and its 200-day moving average price is $46.38.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. Analysts predict that EQT will post 3.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EQT. Truist Financial upped their price target on EQT from $41.00 to $56.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Jefferies Financial Group upped their target price on EQT from $45.00 to $55.00 and gave the company a "buy" rating in a report on Friday, January 3rd. StockNews.com cut shares of EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Citigroup upped their price objective on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $49.00 target price on shares of EQT in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $55.61.

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.

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