EQT Corporation (NYSE:EQT) issued its quarterly earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.17, Bloomberg Earnings reports. The business had revenue of $660.30 million for the quarter, compared to analysts’ expectations of $667.05 million. EQT Corporation had a net margin of 1.39% and a return on equity of 1.61%. The company’s revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.26) EPS.
EQT Corporation (NYSE EQT) traded down $0.73 during midday trading on Friday, hitting $65.18. 22,746,701 shares of the company traded hands, compared to its average volume of 4,144,434. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. EQT Corporation has a 1 year low of $49.63 and a 1 year high of $75.74. The company has a market cap of $11,298.50, a price-to-earnings ratio of 74.92, a PEG ratio of 5.46 and a beta of 0.79.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.12 annualized dividend and a dividend yield of 0.18%. EQT Corporation’s dividend payout ratio (DPR) is presently 57.15%.
In related news, Director A. Bray Jr. Cary purchased 406 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were acquired at an average price of $65.24 per share, for a total transaction of $26,487.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.
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Several analysts have recently commented on the stock. TheStreet upgraded shares of EQT Corporation from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. BMO Capital Markets set a $70.00 price target on shares of EQT Corporation and gave the company a “buy” rating in a report on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $87.00 price target on shares of EQT Corporation in a report on Thursday, September 14th. KLR Group reiterated a “buy” rating and issued a $102.00 price target (up from $101.00) on shares of EQT Corporation in a report on Sunday, July 30th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $78.00 target price on shares of EQT Corporation in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $78.09.
EQT Corporation Company Profile
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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