EQT (EQT) Projected to Post Earnings on Tuesday

EQT (NYSE:EQT) is expected to post its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect EQT to post earnings of $0.50 per share and revenue of $1.81 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

EQT Stock Up 1.2 %

EQT opened at $53.49 on Friday. EQT has a 12 month low of $30.02 and a 12 month high of $54.85. 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 stock has a market cap of $31.91 billion, a P/E ratio of 63.67, a P/E/G ratio of 0.62 and a beta of 1.08. The stock’s 50 day moving average price is $48.85 and its 200 day moving average price is $41.07.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT’s payout ratio is currently 75.00%.

Insider Activity

In other news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction on Tuesday, December 3rd. The stock was 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 $9,038,086.64. This represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EQT. 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. Morgan Stanley increased their price target on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Stephens increased their price target on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. StockNews.com raised EQT to a “sell” rating in a research note on Saturday, February 8th. Finally, Jefferies Financial Group increased their price target on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, EQT currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.89.

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.