EQT Corporation (NYSE:EQT) Announces Quarterly Dividend of $0.17

Key Points

• EQT Corporation has announced a quarterly dividend of $0.17, representing a 4.8% increase from its previous dividend of $0.16.
• The company has a payout ratio of 12.6%, indicating that its dividends are well covered by earnings, and it is expected to earn $4.34 per share next year.
• EQT currently has a market capitalization of $33.18 billion and its stock has a consensus rating of "Moderate Buy" from analysts.

EQT Corporation (NYSE:EQT - Get Free Report) announced a quarterly dividend on Thursday, October 16th. Investors of record on Wednesday, November 5th will be given a dividend of 0.165 per share by the oil and gas producer on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, November 5th. This is a 4.8% increase from EQT's previous quarterly dividend of $0.16.

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 Performance

NYSE:EQT opened at $53.17 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.71 and a quick ratio of 0.71. EQT has a 1-year low of $35.44 and a 1-year high of $61.02. The company has a market capitalization of $33.18 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 0.48 and a beta of 0.50. The business has a 50 day moving average of $52.44 and a 200 day moving average of $53.51.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). EQT had a net margin of 15.87% and a return on equity of 6.24%. The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.78 billion. During the same period last year, the firm posted ($0.08) earnings per share. On average, sell-side analysts predict that EQT will post 3.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EQT shares. UBS Group upped their price target on EQT from $64.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Bank of America increased their target price on EQT from $63.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. William Blair assumed coverage on EQT in a research note on Tuesday. They issued an "outperform" rating on the stock. Melius assumed coverage on EQT in a research note on Wednesday, August 20th. They issued a "buy" rating and a $64.00 target price on the stock. Finally, Citigroup increased their target price on EQT from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $63.50.

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.

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