The stock of EQT Corporation (NYSE:EQT) is a huge mover today! About 475,017 shares traded hands. EQT Corporation (NYSE:EQT) has risen 0.03% since April 28, 2016 and is uptrending. It has underperformed by 5.90% the S&P500.
The move comes after 8 months positive chart setup for the $12.50 billion company. It was reported on Dec, 1 by Barchart.com. We have $77.67 PT which if reached, will make NYSE:EQT worth $750.00 million more.
Analysts await EQT Corporation (NYSE:EQT) to report earnings on February, 2.
EQT Corporation (NYSE:EQT) Ratings Coverage
Out of 17 analysts covering EQT Corporation (NYSE:EQT), 9 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 53% are positive. EQT Corporation has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, December 9 by Deutsche Bank. The stock of EQT Corporation (NYSE:EQT) earned “Buy” rating by GMP Securities on Wednesday, September 28. The firm has “Buy” rating by KLR Group given on Friday, October 23. On Thursday, October 13 the stock rating was downgraded by Tudor Pickering to “Hold”. The rating was initiated by GMP Securities on Wednesday, February 3 with “Buy”. As per Tuesday, July 21, the company rating was initiated by Cowen & Co. Stifel Nicolaus upgraded EQT Corporation (NYSE:EQT) on Friday, August 26 to “Buy” rating. Morgan Stanley downgraded EQT Corporation (NYSE:EQT) on Wednesday, March 2 to “Equal-Weight” rating. The stock of EQT Corporation (NYSE:EQT) has “Neutral” rating given on Thursday, February 25 by Suntrust Robinson. The firm earned “Hold” rating on Tuesday, June 14 by Deutsche Bank.
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 1.17 in 2016 Q2. Its down 0.44, from 1.61 in 2016Q1. The ratio turned negative, 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.
Icon Advisers Co has 0.52% invested in the company for 99,400 shares. Chapter Iv Investors Ltd Liability Corporation owns 250,000 shares or 6.44% of their US portfolio. Moreover, Clough Partners L P has 0.4% invested in EQT Corporation (NYSE:EQT) for 95,600 shares. The California-based Natl Bank Of The West has invested 0.04% in EQT Corporation (NYSE:EQT). Strs Ohio has 0.01% invested in the company for 15,811 shares. Stifel Fincl Corporation holds 0.02% or 68,206 shares in its portfolio. The California-based Schwab Charles Invest Mgmt Inc has invested 0.05% in EQT Corporation (NYSE:EQT). Moreover, Key Grp (Cayman) Limited has 4.81% invested in EQT Corporation (NYSE:EQT) for 712,348 shares. Blackrock Ltd Liability Co has 2.15M shares for 0.17% of their US portfolio. Hudson Valley Advsrs Adv holds 3,750 shares or 0.09% of its portfolio. Bnp Paribas Arbitrage Sa holds 0.01% or 31,211 shares in its portfolio. California Public Employees Retirement accumulated 0.04% or 333,100 shares. Waratah Capital holds 84,958 shares or 1.34% of its portfolio. Blackrock Ltd has 0.1% invested in the company for 2.46M shares. Raymond James Na reported 9,422 shares or 0.06% of all its holdings.
Insider Transactions: Since June 30, 2016, the stock had 2 insider purchases, and 2 insider sales for $581,631 net activity. Another trade for 4,981 shares valued at $384,583 was made by CRAWFORD RANDALL L on Thursday, June 30. 313 EQT Corporation (NYSE:EQT) shares with value of $22,730 were bought by Cary A. Bray Jr.. The insider SCHLOTTERBECK STEVEN T sold 3,628 shares worth $241,226.
Another recent and important EQT Corporation (NYSE:EQT) news was published by Zacks.com which published an article titled: “Earnings Estimates Moving Higher for EQT Corporation (EQT): Time to Buy?” on November 25, 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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