Stock Buzzer: Is Selling Stock Like EQT Corporation After Such Decline Winning Strategy?

Stock Buzzer: Is Selling Stock Like EQT Corporation After Such Decline Winning Strategy?

The stock of EQT Corporation (NYSE:EQT) is a huge mover today! About 406,082 shares traded hands. EQT Corporation (NYSE:EQT) has risen 14.96% since March 11, 2016 and is uptrending. It has outperformed by 9.51% the S&P500.
The move comes after 5 months negative chart setup for the $11.84B company. It was reported on Oct, 14 by Barchart.com. We have $62.34 PT which if reached, will make NYSE:EQT worth $1.07 billion less.

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 15 analysts covering EQT Corporation (NYSE:EQT), 7 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 47% are positive. EQT Corporation has been the topic of 33 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Tudor Pickering on Thursday, October 13. The stock has “Buy” rating given by KLR Group on Friday, October 23. The stock has “Neutral” rating given by Suntrust Robinson on Thursday, February 25. As per Monday, October 26, the company rating was upgraded by Morgan Stanley. The stock of EQT Corporation (NYSE:EQT) has “Buy” rating given on Friday, August 14 by Global Hunter Securities. The firm has “Buy” rating given on Friday, August 26 by Stifel Nicolaus. The stock of EQT Corporation (NYSE:EQT) earned “Hold” rating by Deutsche Bank on Tuesday, June 14. The rating was initiated by GMP Securities with “Buy” on Wednesday, February 3. The firm earned “Outperform” rating on Tuesday, July 21 by Cowen & Co. Goldman Sachs initiated it with “Neutral” rating and $73 target price in Tuesday, November 17 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 2016 Q2. Its down 0.07, from 1.68 in 2016Q1. The ratio dived, 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.
Citigroup accumulated 0.05% or 637,610 shares. Northern Trust holds 1.75M shares or 0.04% of its portfolio. Silvercrest Asset Gru Ltd Liability Corp holds 0.01% of its portfolio in EQT Corporation (NYSE:EQT) for 7,418 shares. Pacad Inv Ltd, a British Columbia – Canada-based fund reported 24,400 shares. Sprott has 0.02% invested in the company for 4,000 shares. Everence Capital Management Incorporated owns 2,798 shares or 0.07% of their US portfolio. Reinhart Prns Inc has invested 2.29% of its portfolio in EQT Corporation (NYSE:EQT). Amp Invsts has 130,628 shares for 0.07% of their US portfolio. Passport Capital Ltd Limited Liability Company has 1.14% invested in the company for 808,464 shares. Penobscot Investment Management Communications last reported 0.36% of its portfolio in the stock. Signaturefd Limited Liability Co has invested 0.05% of its portfolio in EQT Corporation (NYSE:EQT). Chicago Equity Prtnrs Ltd Liability Corporation accumulated 3,380 shares or 0.01% of the stock. Locust Wood Cap Advisers Lc, a New York-based fund reported 6,085 shares. Delta Lloyd Nv has 10,722 shares for 0.03% of their US portfolio. Voya Management Ltd last reported 0.19% of its portfolio in the stock.

Insider Transactions: Since June 30, 2016, the stock had 2 insider buys, and 1 insider sale for $340,405 net activity. Cary A. Bray Jr. bought $22,730 worth of stock. On Thursday, June 30 CRAWFORD RANDALL L sold $384,583 worth of the stock or 4,981 shares.

More recent EQT Corporation (NYSE:EQT) news were published by: Businesswire.com which released: “EQT Corporation Sells Transmission, Storage and Gathering Assets to EQT …” on October 13, 2016. Also Businesswire.com published the news titled: “EQT Declares Quarterly Cash Dividend” on October 12, 2016. Seekingalpha.com‘s news article titled: “EQT Corporation: Financially Secure Growing Oil Company” with publication date: September 23, 2016 was also an interesting one.

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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