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

EQT Co. (NYSE:EQT) announced a quarterly dividend on Wednesday, April 16th, RTT News reports. Investors of record on Wednesday, May 7th will be given a dividend of 0.1575 per share by the oil and gas producer on Monday, June 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, May 7th.

EQT has a payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 0.3 %

EQT stock opened at $51.01 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The firm has a fifty day moving average price of $50.80 and a two-hundred day moving average price of $46.51. The firm has a market cap of $30.47 billion, a price-to-earnings ratio of 127.52, a P/E/G ratio of 0.64 and a beta of 1.35. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $56.66.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, analysts forecast that EQT will post 3.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EQT shares. Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $55.00 to $54.00 in a report on Friday, January 17th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a report on Wednesday, January 15th. Royal Bank of Canada reissued a “sector perform” rating and issued a $49.00 target price on shares of EQT in a report on Monday, January 6th. Citigroup boosted their target price 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, TD Cowen upgraded shares of EQT from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Tuesday, April 8th. Two investment 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $55.56.

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.