EQT (NYSE:EQT) Announces Earnings Results, Beats Expectations By $0.20 EPS

EQT (NYSE:EQT - Get Free Report) issued its quarterly earnings results on Tuesday. The oil and gas producer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20, Zacks reports. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion.

EQT Price Performance

EQT traded up $1.25 during trading hours on Friday, hitting $50.07. The company's stock had a trading volume of 2,928,122 shares, compared to its average volume of 8,664,328. EQT has a 12 month low of $30.02 and a 12 month high of $56.66. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The business's 50-day moving average price is $50.37 and its 200-day moving average price is $46.92. The stock has a market cap of $29.92 billion, a price-to-earnings ratio of 125.17, a P/E/G ratio of 0.64 and a beta of 1.35.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT's dividend payout ratio is presently 157.50%.

Analysts Set New Price Targets

EQT has been the topic of several analyst reports. Jefferies Financial Group upped their price objective on EQT from $45.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. The Goldman Sachs Group reiterated a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Piper Sandler dropped their target price on shares of EQT from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Tuesday. TD Cowen raised EQT from a "hold" rating to a "buy" rating and set a $54.00 price target on the stock in a report on Tuesday, April 8th. Finally, Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective for the company in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $55.39.

EQT Company Profile

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.