EQT Co. (NYSE:EQT) declared a quarterly dividend on Thursday, July 11th, RTT News reports. Shareholders of record on Friday, August 9th will be paid a dividend of 0.03 per share by the oil and gas producer on Sunday, September 1st. This represents a $0.12 annualized dividend and a yield of 0.76%.

EQT has a dividend payout ratio of 5.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect EQT to earn $0.68 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 17.6%.

Shares of NYSE:EQT opened at $15.82 on Friday. The firm has a fifty day moving average price of $16.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.63 and a current ratio of 0.63. EQT has a one year low of $14.28 and a one year high of $30.85. The company has a market cap of $3.93 billion, a P/E ratio of 6.38, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60.

EQT (NYSE:EQT) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas producer reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.11. EQT had a negative net margin of 10.17% and a positive return on equity of 4.51%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm earned $0.67 EPS. The business’s quarterly revenue was down 12.9% compared to the same quarter last year. As a group, sell-side analysts forecast that EQT will post 1.18 earnings per share for the current fiscal year.

In other EQT news, CEO Robert Joseph Mcnally purchased 13,572 shares of the stock in a transaction on Wednesday, May 29th. The stock was acquired at an average cost of $18.37 per share, with a total value of $249,317.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Erin R. Centofanti sold 2,970 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $16.03, for a total transaction of $47,609.10. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Several research analysts have commented on the stock. Wells Fargo & Co downgraded shares of Occidental Petroleum from an “outperform” rating to a “market perform” rating in a report on Monday, May 20th. Cowen set a $27.00 price objective on shares of Schnitzer Steel Industries and gave the stock a “hold” rating in a report on Tuesday, April 9th. MKM Partners reaffirmed a “neutral” rating and set a $71.00 price objective on shares of Hess in a report on Tuesday, April 16th. TD Securities dropped their price objective on shares of West Fraser Timber from C$83.00 to C$80.00 and set a “buy” rating for the company in a report on Monday, April 29th. Finally, Macquarie initiated coverage on shares of Antero Resources in a report on Wednesday, May 29th. They set an “underperform” rating and a $5.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.38.

About EQT

EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.

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Dividend History for EQT (NYSE:EQT)

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