EQT (NYSE:EQT) Releases Earnings Results, Beats Estimates By $0.19 EPS

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

EQT Stock Up 0.6 %

Shares of NYSE EQT opened at $53.75 on Wednesday. EQT has a 52-week low of $30.02 and a 52-week high of $54.85. The company’s 50 day moving average price is $49.05 and its 200-day moving average price is $41.26. The company has a market capitalization of $32.07 billion, a P/E ratio of 63.99, a price-to-earnings-growth ratio of 0.65 and a beta of 1.08. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51.

EQT Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on EQT. Royal Bank of Canada restated a “sector perform” rating and set a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. Sanford C. Bernstein upgraded EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company increased their price target on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Piper Sandler increased their price objective on shares of EQT from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, UBS Group increased their price target on EQT from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, EQT presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.89.

Insider Activity at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 201,608 shares in the company, valued at approximately $9,038,086.64. This represents a 13.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.63% of the stock is owned by company insiders.

About EQT

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.