EQT Corporation Plans Quarterly Dividend of $0.17 (NYSE:EQT)

EQT Corporation (NYSE:EQT – Get Free Report) announced a quarterly dividend on Wednesday, July 15th. Stockholders of record on Wednesday, August 5th will be paid a dividend of 0.165 per share by the oil and gas producer on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, August 5th.

EQT has raised its dividend by an average of 0.8%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. EQT has a dividend payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings. Analysts expect EQT to earn $3.73 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 17.7%.

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EQT Trading Down 1.1%

Shares of EQT opened at $49.28 on Thursday. The firm’s 50 day simple moving average is $53.55 and its 200 day simple moving average is $56.64. The company has a market capitalization of $30.82 billion, a P/E ratio of 9.35 and a beta of 0.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.66 and a quick ratio of 0.66. EQT has a 1-year low of $47.94 and a 1-year high of $68.24.

EQT (NYSE:EQT – Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The oil and gas producer reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.32. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.14 billion. EQT had a net margin of 31.94% and a return on equity of 9.74%. During the same quarter in the previous year, the company earned $1.18 EPS. Sell-side analysts forecast that EQT will post 4.26 earnings per share for the current fiscal year.

EQT Company Profile

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EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.

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