EQT Corporation (EQT) To Go Ex-Dividend on November 4th

EQT Corporation (NYSE:EQT) announced a quarterly dividend on Wednesday, October 14th. Stockholders of record on Wednesday, November 4th will be paid a dividend of $0.17 per share by the oil and gas producer on Tuesday, December 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, November 4th. This is a 3.0% increase from EQT’s previous quarterly dividend of $0.1650.

EQT has increased its dividend by an average of 0.8% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. EQT has a payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect EQT to earn $3.48 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 19.0%.

EQT Stock Down 0.6%

Shares of NYSE:EQT opened at $52.42 on Friday. EQT has a one year low of $47.94 and a one year high of $68.24. The company has a 50 day moving average of $52.93 and a 200-day moving average of $54.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $32.79 billion, a price-to-earnings ratio of 12.16 and a beta of 0.66.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). EQT had a return on equity of 9.31% and a net margin of 28.44%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the firm earned $0.45 earnings per share. The company’s quarterly revenue was down 29.2% on a year-over-year basis. On average, sell-side analysts forecast that EQT will post 3.86 earnings per share for the current year.

About EQT

EQT Corporation is a natural gas producer headquartered in Pittsburgh, Pennsylvania. The company explores for, develops, and produces natural gas, natural gas liquids, and crude oil, with its operations concentrated in the Appalachian Basin, particularly the Marcellus and Utica shale formations.

In addition to its upstream production activities, EQT has interests in the midstream infrastructure used to gather, process, transport, and store natural gas. These assets support the movement of production from well sites to regional and interstate markets.