What Could Be Propelling EQT Corporation to Decrease?

 What Could Be Propelling EQT Corporation to Decrease?

In today’s session EQT Corporation (EQT) recorded an unusually high (653) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious EQT decrease. With 653 contracts traded and 1554 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: EQT161118P00065000 closed last at: $2.15 or 16.2% up. About 210,808 shares traded hands. EQT Corporation (NYSE:EQT) has risen 1.38% since March 16, 2016 and is uptrending. It has underperformed by 4.17% the S&P500.

Analysts await EQT Corporation (NYSE:EQT) to report earnings on October, 27. They expect $-0.29 earnings per share, up 12.12% or $0.04 from last year’s $-0.33 per share. After $-0.35 actual earnings per share 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. $101 is the highest target while $60 is the lowest. The $81.23 average target is 23.47% above today’s ($65.79) stock price. EQT Corporation has been the topic of 33 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by Stifel Nicolaus on Friday, August 26 to “Buy”. The firm has “Neutral” rating by SunTrust given on Thursday, February 25. The firm earned “Buy” rating on Monday, September 28 by Deutsche Bank. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, June 14 report. Seaport Global downgraded EQT Corporation (NYSE:EQT) on Wednesday, January 13 to “Accumulate” rating. Suntrust Robinson downgraded EQT Corporation (NYSE:EQT) on Thursday, February 25 to “Neutral” rating. The stock of EQT Corporation (NYSE:EQT) has “Overweight” rating given on Monday, October 26 by Morgan Stanley. The firm has “Buy” rating by KLR Group given on Friday, October 23. Jefferies downgraded EQT Corporation (NYSE:EQT) on Tuesday, January 12 to “Hold” rating. The stock of EQT Corporation (NYSE:EQT) earned “Overweight” rating by JP Morgan on Wednesday, December 9.

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 is 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.
Credit Agricole S A holds 0.01% or 35,800 shares in its portfolio. Nordea Investment Mgmt holds 9,585 shares or 0% of its portfolio. Peconic Prtnrs Limited Liability Corporation last reported 150,000 shares in the company. Blackrock holds 0.05% or 422,878 shares in its portfolio. Arete Wealth Advsr Ltd Llc owns 4,640 shares or 0.23% of their US portfolio. The Florida-based Raymond James And Assoc has invested 0.03% in EQT Corporation (NYSE:EQT). Moreover, Tokio Marine Asset Mngmt Company Ltd has 0.17% invested in EQT Corporation (NYSE:EQT) for 21,239 shares. Mitsubishi Ufj And has 0.06% invested in the company for 358,004 shares. State Street Corporation has 8.60 million shares for 0.07% of their US portfolio. Lmr Prtn Limited Liability Partnership has 2,602 shares for 0.03% of their US portfolio. Norinchukin National Bank The owns 9,060 shares or 0.02% of their US portfolio. Smithfield Trust has 0.02% invested in the company for 1,700 shares. Swiss National Bank holds 0.08% or 658,336 shares in its portfolio. Johnson Invest Counsel accumulated 3,950 shares or 0.01% of the stock. The Connecticut-based Bradley Foster Sargent Ct has invested 0.01% in EQT Corporation (NYSE:EQT).

Insider Transactions: Since June 30, 2016, the stock had 2 insider buys, and 1 sale for $340,405 net activity. CRAWFORD RANDALL L sold 4,981 shares worth $384,583. Cary A. Bray Jr. had bought 277 shares worth $21,448 on Friday, July 1.

EQT Corporation is an energy company. The company has a market cap of $11.31 billion. The Firm operates through two business divisions: EQT Production and EQT Midstream. It currently has negative earnings. 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 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.

More important 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 article titled: “EQT Declares Quarterly Cash Dividend”, Seekingalpha.com published: “EQT Corporation: Financially Secure Growing Oil Company” on September 23, 2016. More interesting news about EQT Corporation (NYSE:EQT) was released by: Nasdaq.com and their article: “EQT Corp Drops Down Assets Worth $275M to its Partnership” with publication date: October 14, 2016.

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