EQT Corporation (NYSE:EQT) announced a quarterly dividend on Wednesday, July 12th, RTT News reports. Investors of record on Friday, August 11th will be paid a dividend of 0.03 per share by the oil and gas producer on Friday, September 1st. This represents a $0.12 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Wednesday, August 9th.
EQT Corporation has a dividend payout ratio of 11.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect EQT Corporation to earn $1.63 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 7.4%.
Shares of EQT Corporation (NYSE EQT) opened at 62.12 on Friday. EQT Corporation has a 52 week low of $49.63 and a 52 week high of $75.74. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of 2218.57 and a beta of 0.77. The company has a 50-day moving average price of $59.87 and a 200 day moving average price of $59.83.
EQT Corporation (NYSE:EQT) last announced its earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. The company had revenue of $631.10 million for the quarter, compared to analyst estimates of $642.21 million. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. The firm’s quarterly revenue was up 720.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.35) earnings per share. Analysts expect that EQT Corporation will post $0.96 EPS for the current fiscal year.
A number of equities analysts have commented on the company. Scotiabank set a $77.00 price objective on EQT Corporation and gave the stock a “hold” rating in a research note on Saturday, July 1st. BMO Capital Markets set a $70.00 price objective on EQT Corporation and gave the stock a “buy” rating in a research note on Friday, July 28th. KLR Group restated a “buy” rating and set a $102.00 price objective (up previously from $101.00) on shares of EQT Corporation in a research note on Sunday, July 30th. Scotia Howard Weill upgraded EQT Corporation from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, July 14th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $78.00 price objective on shares of EQT Corporation in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. EQT Corporation currently has a consensus rating of “Buy” and an average price target of $80.38.
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In other EQT Corporation news, insider Robert Joseph Mcnally purchased 1,500 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were bought at an average price of $50.00 per share, for a total transaction of $75,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director A. Bray Jr. Cary purchased 28,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was acquired at an average price of $53.55 per share, for a total transaction of $1,499,400.00. Following the purchase, the director now owns 22,627 shares in the company, valued at approximately $1,211,675.85. The disclosure for this purchase can be found here. In the last quarter, insiders bought 41,901 shares of company stock worth $2,211,775. Corporate insiders own 1.00% of the company’s stock.
About EQT Corporation
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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