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

EQT Co. (NYSE:EQT) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders 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 annualized dividend and a yield of 1.23%.

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

Shares of EQT stock opened at $51.36 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT has a 12 month low of $30.02 and a 12 month high of $54.85. The stock has a market cap of $30.65 billion, a P/E ratio of 61.14, a P/E/G ratio of 0.62 and a beta of 1.08. The company has a 50 day simple moving average of $47.73 and a two-hundred day simple moving average of $40.19.

Insider Activity

In related news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction dated 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on EQT shares. Truist Financial upped their price target on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Wells Fargo & Company increased their target price on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a report on Wednesday, January 15th. Jefferies Financial Group raised 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. Finally, UBS Group upped their target price on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.