EQT Co. (EQT) to Issue Quarterly Dividend of $0.16 on March 3rd

EQT Co. (NYSE:EQT) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.1575 per share by the oil and gas producer on Monday, March 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, February 18th.

EQT has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect EQT to earn $3.27 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 19.3%.

EQT Price Performance

Shares of NYSE EQT opened at $51.11 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. EQT has a 1 year low of $30.02 and a 1 year high of $54.85. The stock has a market capitalization of $30.50 billion, a P/E ratio of 60.84, a P/E/G ratio of 0.62 and a beta of 1.08. The company’s 50-day moving average is $47.85 and its 200 day moving average is $40.27.

Insiders Place Their Bets

In other news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the completion of the sale, the director now owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. This represents a 13.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.63% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Stephens lifted their price target on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Morgan Stanley raised their price objective on shares of EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Citigroup increased their price target on shares of EQT from $44.00 to $51.00 and gave the company a “buy” rating in a report on Friday, December 6th. Piper Sandler lifted their price objective on EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 target price on shares of EQT in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.94.

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.