EQT (NYSE:EQT) Issues Quarterly Earnings Results

EQT (NYSE:EQT) posted its quarterly earnings data on Tuesday. The oil and gas producer reported $0.82 EPS for the quarter, beating the consensus estimate of $0.65 by $0.17, Briefing.com reports. EQT had a return on equity of 7.12% and a net margin of 25.12%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business earned $1.70 EPS. The firm’s revenue was down 28.8% compared to the same quarter last year.

EQT Stock Up 4.4 %

Shares of EQT stock traded up $1.68 on Wednesday, hitting $39.66. The stock had a trading volume of 5,010,095 shares, compared to its average volume of 6,464,955. The stock’s 50 day moving average is $36.06 and its 200-day moving average is $37.99. The firm has a market capitalization of $17.47 billion, a price-to-earnings ratio of 9.18 and a beta of 1.12. EQT has a 52-week low of $30.84 and a 52-week high of $45.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.99 and a current ratio of 0.99.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th will be paid a dividend of $0.1575 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.59%. EQT’s dividend payout ratio is currently 14.82%.

Analysts Set New Price Targets

EQT has been the subject of several recent research reports. StockNews.com upgraded shares of EQT to a “sell” rating in a report on Tuesday, March 12th. Sanford C. Bernstein raised EQT from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $27.00 to $34.00 in a report on Wednesday, April 10th. The Goldman Sachs Group dropped their price objective on EQT from $48.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. Stephens upped their target price on shares of EQT from $46.00 to $47.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $37.00 price target (down from $39.00) on shares of EQT in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $44.06.

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.