EQT (NYSE:EQT - Get Free Report) released its earnings results on Tuesday. The oil and gas producer reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.06, Briefing.com reports. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. EQT had a return on equity of 4.08% and a net margin of 5.52%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share.
EQT Stock Down 5.2 %
Shares of EQT stock opened at $36.55 on Friday. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 43.51 and a beta of 1.06. EQT has a 12-month low of $30.02 and a 12-month high of $45.23. The firm has a fifty day moving average of $35.20 and a 200-day moving average of $36.60. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.33.
EQT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT's dividend payout ratio (DPR) is presently 75.00%.
Analyst Ratings Changes
Several analysts have weighed in on the company. Scotiabank boosted their price objective on EQT from $54.00 to $55.00 and gave the stock a "sector outperform" rating in a report on Friday, July 12th. StockNews.com upgraded shares of EQT to a "sell" rating in a report on Friday, July 26th. Wolfe Research assumed coverage on shares of EQT in a research note on Thursday, July 18th. They issued an "outperform" rating and a $51.00 price objective on the stock. UBS Group dropped their target price on shares of EQT from $38.00 to $36.00 and set a "neutral" rating for the company in a research report on Wednesday, September 18th. Finally, Morgan Stanley restated an "overweight" rating and issued a $45.00 price target on shares of EQT in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.17.
Read Our Latest Stock Analysis on EQT
EQT Company Profile
(
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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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