EQT Co. (NYSE:EQT) Declares 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. Equities 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 Price Performance

EQT traded down $1.59 during trading on Thursday, hitting $51.36. 7,653,923 shares of the stock traded hands, compared to its average volume of 8,097,279. EQT has a twelve month low of $30.02 and a twelve month high of $54.85. The company has a market cap of $30.65 billion, a price-to-earnings ratio of 61.14, a PEG ratio of 0.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The business has a 50 day moving average price of $47.73 and a 200 day moving average price of $40.19.

Insider Buying and Selling

In other EQT 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 sale, the director now owns 201,608 shares in the company, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.63% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EQT has been the subject of several research analyst reports. Jefferies Financial Group boosted 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. Truist Financial upped their price target on shares of EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $49.00 price target on shares of EQT in a report on Monday, January 6th. Morgan Stanley upped their price target on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Finally, Citigroup upped their price target on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, EQT has an average rating of “Moderate Buy” and a consensus 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.