EQT (EQT) Scheduled to Post Quarterly Earnings on Tuesday

EQT (NYSE:EQT) will announce its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

EQT Price Performance

EQT stock opened at $37.48 on Monday. The firm has a 50 day moving average of $34.87 and a 200-day moving average of $36.60. EQT has a 12-month low of $30.02 and a 12-month high of $45.23. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 27.16 and a beta of 1.06.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.68%. EQT’s payout ratio is 45.65%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EQT shares. Citigroup upgraded shares of EQT from a “neutral” rating to a “buy” rating and lifted their price target for the company from $37.00 to $44.00 in a research report on Thursday, October 3rd. UBS Group cut their price objective on EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. Mizuho cut their price objective on EQT from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, October 4th. Scotiabank lifted their price objective on EQT from $54.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 12th. Finally, Piper Sandler downgraded EQT from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $43.00 to $32.00 in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, EQT has a consensus rating of “Moderate Buy” and a consensus target price of $42.18.

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.