EQT (NYSE:EQT) Releases Earnings Results, Misses Expectations By $0.07 EPS

EQT (NYSE:EQT - Get Free Report) posted its earnings results on Tuesday. 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), Zacks reports. EQT had a return on equity of 5.52% and a net margin of 6.59%.

EQT Stock Up 1.7%

EQT stock traded up $0.93 during trading hours on Tuesday, hitting $54.47. The stock had a trading volume of 13,802,299 shares, compared to its average volume of 7,873,878. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $32.62 billion, a P/E ratio of 95.56, a price-to-earnings-growth ratio of 0.38 and a beta of 0.65. EQT has a 12-month low of $30.02 and a 12-month high of $61.02. The stock's 50-day moving average price is $56.63 and its 200-day moving average price is $52.95.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 6th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $0.63 annualized dividend and a yield of 1.16%. EQT's dividend payout ratio (DPR) is presently 110.53%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in EQT stock. Caxton Associates LLP purchased a new position in EQT Corporation (NYSE:EQT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,798 shares of the oil and gas producer's stock, valued at approximately $256,000. Institutional investors and hedge funds own 90.81% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EQT. Wells Fargo & Company raised their price objective on shares of EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, June 16th. Wall Street Zen cut shares of EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Barclays assumed coverage on shares of EQT in a research report on Monday, July 7th. They issued an "overweight" rating and a $65.00 target price on the stock. Scotiabank reaffirmed a "sector perform" rating and set a $66.00 target price (up previously from $62.00) on shares of EQT in a research note on Friday, July 11th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of EQT in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, EQT currently has a consensus rating of "Moderate Buy" and an average target price of $60.63.

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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