EQT (EQT) to Release Earnings on Tuesday

EQT (NYSE:EQTGet Free Report) is set to announce its earnings results after the market closes on Tuesday, February 13th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

EQT Trading Down 1.2 %

Shares of EQT opened at $34.33 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 0.59. EQT has a 52-week low of $28.10 and a 52-week high of $45.23. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 4.64, a PEG ratio of 0.91 and a beta of 1.12. The business’s fifty day moving average is $37.09 and its 200-day moving average is $40.14.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Friday, February 16th. EQT’s dividend payout ratio is currently 8.51%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EQT shares. Citigroup upgraded EQT from a “neutral” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Monday, December 11th. Morgan Stanley increased their price objective on EQT from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 29th. Piper Sandler lowered their price objective on EQT from $52.00 to $49.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $48.00 price objective on shares of EQT in a research report on Thursday, January 18th. Finally, StockNews.com downgraded EQT from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, EQT has a consensus rating of “Hold” and an average target price of $45.86.

Get Our Latest Report on EQT

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EQT. Laurel Wealth Advisors LLC bought a new position in shares of EQT during the second quarter valued at about $33,000. Tyler Stone Wealth Management bought a new position in shares of EQT during the second quarter valued at about $40,000. Belpointe Asset Management LLC grew its stake in shares of EQT by 270.0% during the first quarter. Belpointe Asset Management LLC now owns 1,258 shares of the oil and gas producer’s stock valued at $40,000 after buying an additional 918 shares during the last quarter. Clearstead Advisors LLC bought a new position in shares of EQT during the third quarter valued at about $41,000. Finally, Penserra Capital Management LLC bought a new stake in shares of EQT in the first quarter worth about $47,000. 99.44% of the stock is owned by institutional investors.

About EQT

(Get Free Report)

EQT Corporation operates as a natural gas production company in the United States. As of December 31, 2022, it had 25.0 trillion cubic feet of proved natural gas, natural gas liquids, and crude oil reserves across approximately 2.0 million gross acres, including 1.8 million gross acres in the Marcellus play.

Recommended Stories

Earnings History for EQT (NYSE:EQT)

Receive News & Ratings for EQT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.