EQT (EQT) to Release Quarterly Earnings on Tuesday

EQT (NYSE:EQT - Get Free Report) is expected to be releasing its earnings data after the market closes on Tuesday, February 18th. Analysts expect EQT to post earnings of $0.50 per share and revenue of $1.81 billion for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

EQT Stock Up 1.2 %

Shares of EQT traded up $0.62 during mid-day trading on Friday, hitting $53.49. 5,552,108 shares of the company's stock were exchanged, compared to its average volume of 7,964,417. The firm has a fifty day moving average of $48.64 and a two-hundred day moving average of $40.89. EQT has a twelve month low of $30.02 and a twelve month high of $54.85. The stock has a market cap of $31.91 billion, a price-to-earnings ratio of 63.67, a P/E/G ratio of 0.62 and a beta of 1.08. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.18%. EQT's dividend payout ratio (DPR) is 75.00%.

Insider Buying and Selling at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the completion of the transaction, the director now directly owns 201,608 shares of the company's stock, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EQT. StockNews.com upgraded shares of EQT to a "sell" rating in a research note on Saturday, February 8th. Stephens raised their target price on shares of EQT from $37.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of EQT from $50.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, January 3rd. Bank of America initiated coverage on shares of EQT in a research note on Monday, October 28th. They issued a "buy" rating and a $50.00 target price on the stock. Finally, Wells Fargo & Company raised their target price on shares of EQT from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $51.89.

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.