EQT Corp. (EQT) Announces Quarterly Dividend of C$0.03
EQT Corp. (NYSE:EQT) announced a quarterly dividend on Wednesday, October 12th. Stockholders of record on Friday, November 11th will be given a dividend of 0.03 per share on Thursday, December 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.17%.
EQT Corp. (NYSE:EQT) traded down 0.99% during mid-day trading on Wednesday, hitting $70.35. The stock had a trading volume of 917,181 shares. The company has a 50-day moving average of $72.12 and a 200-day moving average of $71.91. The stock’s market cap is $12.15 billion. EQT Corp. has a 12-month low of $47.10 and a 12-month high of $80.61.
EQT Corp. (NYSE:EQT) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.35) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.06. EQT Corp. had a negative return on equity of 1.27% and a negative net margin of 18.74%. The business had revenue of $127.53 million for the quarter, compared to analysts’ expectations of $461.53 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. The company’s revenue was down 71.0% compared to the same quarter last year. On average, analysts anticipate that EQT Corp. will post ($0.64) earnings per share for the current fiscal year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/eqt-corp-eqt-announces-quarterly-dividend-of-c0-03.html
A number of institutional investors have recently modified their holdings of EQT. Euclid Advisors LLC acquired a new position in shares of EQT Corp. during the second quarter worth about $183,000. Capital Guardian Trust Co. raised its position in shares of EQT Corp. by 1,304.3% in the second quarter. Capital Guardian Trust Co. now owns 2,584 shares of the company’s stock worth $200,000 after buying an additional 2,400 shares during the period. Wetherby Asset Management Inc. raised its position in shares of EQT Corp. by 2.8% in the second quarter. Wetherby Asset Management Inc. now owns 3,092 shares of the company’s stock worth $240,000 after buying an additional 84 shares during the period. Pacer Advisors Inc. raised its position in shares of EQT Corp. by 20.9% in the second quarter. Pacer Advisors Inc. now owns 3,192 shares of the company’s stock worth $247,000 after buying an additional 551 shares during the period. Finally, Menta Capital LLC acquired a new position in shares of EQT Corp. during the second quarter worth about $256,000. 87.73% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on the company. Zacks Investment Research upgraded EQT Corp. from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Tuesday, July 5th. Howard Weil cut their price objective on EQT Corp. from $92.00 to $91.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 29th. Jefferies Group upped their price objective on EQT Corp. from $74.00 to $77.00 and gave the company a “hold” rating in a research note on Friday, July 29th. Barclays PLC upped their price objective on EQT Corp. from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Finally, Citigroup Inc. upped their price objective on EQT Corp. from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$78.22.
About EQT Corp.
EQT Corporation (EQT) is an energy company. The Company operates through two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play.
Receive News & Ratings for EQT Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Corp. and related companies with MarketBeat.com's FREE daily email newsletter.