Price Action to Note: Could EQT Corporation Change Direction After Today’s Big Increase?

Price Action to Note: Could EQT Corporation Change Direction After Today's Big Increase?

The stock of EQT Corporation (NYSE:EQT) is a huge mover today! The stock increased 4.41% or $3.07 during the last trading session, hitting $72.62. About 1.89M shares traded hands or 15.95% up from the average. EQT Corporation (NYSE:EQT) has risen 22.49% since February 26, 2016 and is uptrending. It has outperformed by 12.07% the S&P500.
The move comes after 7 months positive chart setup for the $12.41B company. It was reported on Oct, 1 by We have $119.82 PT which if reached, will make NYSE:EQT worth $8.07 billion more.

Analysts await EQT Corporation (NYSE:EQT) to report earnings on October, 27. They expect $-0.29 EPS, up 12.12% or $0.04 from last year’s $-0.33 per share. After $-0.35 actual EPS reported by EQT Corporation for the previous quarter, Wall Street now forecasts -17.14% EPS growth.

EQT Corporation (NYSE:EQT) Ratings Coverage

Out of 14 analysts covering EQT Corporation (NYSE:EQT), 7 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 50% are positive. EQT Corporation has been the topic of 32 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Goldman Sachs initiated EQT Corporation (NYSE:EQT) on Tuesday, November 17 with “Neutral” rating. As per Monday, October 26, the company rating was upgraded by Morgan Stanley. The rating was maintained by Deutsche Bank on Monday, September 28 with “Buy”. Morgan Stanley downgraded it to “Equal-Weight” rating and $65 target price in Wednesday, March 2 report. GMP Securities initiated it with “Buy” rating and $90 target price in Wednesday, February 3 report. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, June 14 report. The firm earned “Hold” rating on Tuesday, January 12 by Jefferies. On Friday, August 14 the stock rating was upgraded by Global Hunter Securities to “Buy”. The rating was upgraded by KLR Group on Friday, October 23 to “Buy”. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, December 9 report.

According to Zacks Investment Research, “EQT Corporation, formerly Equitable Resources, Inc., is an integrated energy company engaged on Appalachian area natural gas activities, including production, gathering and processing, and distribution, transmission, storage and marketing. EQT Corporation, its divisions and its subsidiaries, offer energy products and services to wholesale and retail customers through two business segments: Equitable Supply and Equitable Utilities. The Equitable Supply segment develops, produces, and sells natural gas, crude oil, and natural gas liquids. It also gathers gas produced by the company and third parties, as well as engages in the processing of natural gas liquids. The Equitable Utilities segment engages in the gathering, transportation, storage, distribution, and sale of natural gas, as well as in the pipeline and storage operations. The company is headquartered in Pittsburgh, Pennsylvania.”

Insitutional Activity: The institutional sentiment decreased to 1.61 in Q2 2016. Its down 0.07, from 1.68 in 2016Q1. The ratio fall, as 40 funds sold all EQT Corporation shares owned while 112 reduced positions. 71 funds bought stakes while 174 increased positions. They now own 151.43 million shares or 9.04% more from 138.88 million shares in 2016Q1.
First Republic Invest Mgmt has 0% invested in the company for 5,925 shares. Oregon Employees Retirement Fund reported 23,791 shares or 0.04% of all its holdings. Fiduciary Trust Co has invested 0.2% of its portfolio in EQT Corporation (NYSE:EQT). Pggm Invs has 0.05% invested in the company for 116,791 shares. Bradley Foster And Sargent Ct, a Connecticut-based fund reported 4,290 shares. Reaves W H & owns 228,844 shares or 0.62% of their US portfolio. Samsung Asset Mngmt (New York) owns 13,460 shares or 0.81% of their US portfolio. Dynamic Cap Mgmt last reported 0.09% of its portfolio in the stock. Victory Mgmt accumulated 32,943 shares or 0.01% of the stock. Verition Fund Mgmt Limited Com owns 8,007 shares or 0.08% of their US portfolio. Retail Bank Of Montreal Can accumulated 0.01% or 121,611 shares. Ameritas Investment Prtnrs reported 3,415 shares or 0.02% of all its holdings. Sit Investment, a Minnesota-based fund reported 6,200 shares. Walleye Trading Ltd Liability has 0% invested in the company for 3,755 shares. Evercore Wealth Management Limited Liability holds 0.01% or 3,000 shares in its portfolio.

Insider Transactions: Since April 1, 2016, the stock had 1 buy, and 1 sale for $363,135 net activity. Another trade for 277 shares valued at $21,448 was made by Cary A. Bray Jr. on Friday, July 1. CRAWFORD RANDALL L sold $384,583 worth of stock.

Another recent and important EQT Corporation (NYSE:EQT) news was published by which published an article titled: “EQT Corporation: Financially Secure Growing Oil Company” on September 23, 2016.

EQT Company Profile

EQT Corporation (EQT), incorporated on June 10, 2008, is an energy company. The Firm operates through two business divisions: 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. EQT Midstream provides gathering, transmission and storage services for the Company’s produced gas and for the independent third parties across the Appalachian Basin.

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