EQT (NYSE:EQT) Announces Quarterly Earnings Results

EQT (NYSE:EQT) released its earnings results on Tuesday. The oil and gas producer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19, Zacks reports. EQT had a return on equity of 3.74% and a net margin of 5.52%.

EQT Price Performance

EQT stock opened at $53.75 on Wednesday. EQT has a 12-month low of $30.02 and a 12-month high of $54.85. The business’s 50-day simple moving average is $49.05 and its 200 day simple moving average is $41.26. 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 cap of $32.07 billion, a price-to-earnings ratio of 63.99, a P/E/G ratio of 0.65 and a beta of 1.08.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.17%. EQT’s payout ratio is 75.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com upgraded EQT to a “sell” rating in a research note on Saturday, February 8th. Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Piper Sandler lifted their target price on EQT from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. UBS Group raised their price target on EQT from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company upped their price objective on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $51.89.

Insiders Place Their Bets

In related news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the sale, the director now owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.63% of the company’s stock.

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.