EQT Corporation (NYSE:EQT) Plans Quarterly Dividend of $0.16

EQT Corporation (NYSE:EQT - Get Free Report) announced a quarterly dividend on Wednesday, July 16th, RTT News reports. Stockholders of record on Wednesday, August 6th will be given a dividend of 0.1575 per share by the oil and gas producer on Tuesday, September 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.07%.

EQT has a payout ratio of 12.6% indicating that its dividend is sufficiently covered by earnings. 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 Down 0.7%

NYSE:EQT traded down $0.42 during mid-day trading on Thursday, reaching $58.76. The stock had a trading volume of 6,006,049 shares, compared to its average volume of 8,080,286. The business's 50 day moving average is $56.44 and its 200 day moving average is $52.69. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $61.02. The stock has a market cap of $35.18 billion, a P/E ratio of 103.09, a PEG ratio of 0.37 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.57 and a quick ratio of 0.57.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. EQT had a return on equity of 5.52% and a net margin of 6.59%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. As a group, sell-side analysts predict that EQT will post 3.27 earnings per share for the current year.

Wall Street Analyst Weigh In

EQT has been the topic of several analyst reports. Jefferies Financial Group reiterated a "buy" rating and set a $70.00 price target (up previously from $60.00) on shares of EQT in a report on Tuesday, July 8th. Morgan Stanley reiterated an "overweight" rating on shares of EQT in a report on Tuesday. Royal Bank Of Canada increased their price target on EQT from $55.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday, July 8th. UBS Group reiterated a "buy" rating on shares of EQT in a report on Monday. Finally, Barclays initiated coverage on EQT in a report on Monday, July 7th. They set an "overweight" rating and a $65.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $60.15.

Institutional Trading of EQT

A hedge fund recently bought a new stake in EQT stock. Caxton Associates LLP bought a new position in shares of EQT Corporation (NYSE:EQT - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 4,798 shares of the oil and gas producer's stock, valued at approximately $256,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

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.