The stock of EQT Corporation (NYSE:EQT) is a huge mover today! The stock decreased 2.68% or $1.76 during the last trading session, hitting $63.96. About 1.43 million shares traded hands. EQT Corporation (NYSE:EQT) has risen 2.02% since April 6, 2016 and is uptrending. It has outperformed by 0.06% the S&P500.
The move comes after 9 months negative chart setup for the $11.47B company. It was reported on Nov, 8 by Barchart.com. We have $58.20 PT which if reached, will make NYSE:EQT worth $1.03B less.
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. Howard Weil downgraded the stock to “Sector Perform” rating in Thursday, August 11 report. The rating was upgraded by Citigroup on Friday, October 28 to “Buy”. The stock of EQT Corporation (NYSE:EQT) earned “Buy” rating by Global Hunter Securities on Friday, August 14. The rating was downgraded by Deutsche Bank to “Hold” on Tuesday, June 14. The firm earned “Overweight” rating on Wednesday, December 9 by JP Morgan. The firm has “Buy” rating given on Wednesday, September 28 by GMP Securities. The firm has “Buy” rating given on Wednesday, December 9 by Deutsche Bank. The rating was initiated by GMP Securities on Wednesday, February 3 with “Buy”. The stock of EQT Corporation (NYSE:EQT) has “Equal-Weight” rating given on Wednesday, March 2 by Morgan Stanley. The stock of EQT Corporation (NYSE:EQT) earned “Neutral” rating by Goldman Sachs on Tuesday, November 17.
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 worsened, 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.
Henderson Grp Incorporated Pcl holds 21,739 shares or 0.01% of its portfolio. Moreover, Agf Invests has 0.03% invested in EQT Corporation (NYSE:EQT) for 29,886 shares. Moreover, Williams Jones And Assocs has 0.03% invested in EQT Corporation (NYSE:EQT) for 7,940 shares. Commerzbank Aktiengesellschaft Fi holds 4,559 shares or 0% of its portfolio. Redmond Asset Ltd Liability Corporation last reported 3,600 shares in the company. Moreover, Guggenheim Ltd Limited Liability Company has 0.1% invested in EQT Corporation (NYSE:EQT) for 415,066 shares. Moreover, Wells Fargo Mn has 0.01% invested in EQT Corporation (NYSE:EQT) for 494,966 shares. Wellington Shields Capital Management Ltd Liability accumulated 11,400 shares or 0.15% of the stock. Moreover, Guardian Trust Communication has 0% invested in EQT Corporation (NYSE:EQT) for 2,584 shares. Moreover, Jefferies Limited Co has 0% invested in EQT Corporation (NYSE:EQT) for 579 shares. Virginia Retirement System Et Al reported 6,500 shares or 0.01% of all its holdings. Blackrock Invest Mgmt Ltd Company reported 844,839 shares or 0.08% of all its holdings. Citadel Advsrs Llc last reported 0% of its portfolio in the stock. First Manhattan Com, a New York-based fund reported 6,490 shares. Thompson Rubinstein Management Or owns 76,161 shares or 2.29% of their US portfolio.
Insider Transactions: Since June 30, 2016, the stock had 2 insider purchases, and 1 insider sale for $340,405 net activity. CRAWFORD RANDALL L had sold 4,981 shares worth $384,583. The insider Cary A. Bray Jr. bought $22,730.
More notable recent EQT Corporation (NYSE:EQT) news were published by: Nasdaq.com which released: “EQT Corporation (EQT) Ex-Dividend Date Scheduled for November 08, 2016” on November 07, 2016, also Seekingalpha.com with their article: “EQT Corporation: Consolidating Marcellus Properties” published on October 26, 2016, Zacks.com published: “Is a Surprise Coming for EQT Corporation (EQT) This Earnings Season?” on October 25, 2016. More interesting news about EQT Corporation (NYSE:EQT) were released by: Streetinsider.com and their article: “EQT Corp. (EQT) to Acquire Additional Marcellus Acreage” published on October 25, 2016 as well as Businesswire.com‘s news article titled: “EQT Corporation Sells Transmission, Storage and Gathering Assets to EQT …” with publication date: October 13, 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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