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

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

EQT has a dividend payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 3.0 %

EQT stock traded down $1.59 during trading hours on Thursday, hitting $51.36. The stock had a trading volume of 7,653,923 shares, compared to its average volume of 8,097,279. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $30.65 billion, a P/E ratio of 61.14, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. EQT has a 12-month low of $30.02 and a 12-month high of $54.85. The stock’s 50-day moving average price is $47.73 and its 200-day moving average price is $40.19.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EQT shares. Jefferies Financial Group increased their price objective on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley increased their price target on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Wells Fargo & Company increased their price target on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a research report on Wednesday, January 15th. Finally, Stephens increased their price target on shares of EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.94.

Insider Activity at EQT

In related news, Director Thomas F. Karam sold 30,154 shares of the firm’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 sale, the director now owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is currently owned by insiders.

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.