The stock of EQT Corporation (NYSE:EQT) is a huge mover today! About 583,901 shares traded hands. EQT Corporation (NYSE:EQT) has declined 1.13% since April 13, 2016 and is downtrending. It has underperformed by 5.06% the S&P500.
The move comes after 7 months positive chart setup for the $12.24B company. It was reported on Nov, 15 by Barchart.com. We have $104.28 PT which if reached, will make NYSE:EQT worth $6.24 billion more.
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. On Friday, August 26 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The stock of EQT Corporation (NYSE:EQT) earned “Overweight” rating by Morgan Stanley on Monday, October 26. The rating was initiated by Goldman Sachs with “Neutral” on Tuesday, November 17. The firm earned “Neutral” rating on Thursday, February 25 by Suntrust Robinson. Tudor Pickering downgraded the shares of EQT in a report on Thursday, October 13 to “Hold” rating. The rating was downgraded by SunTrust on Thursday, February 25 to “Neutral”. The stock has “Buy” rating given by Deutsche Bank on Wednesday, December 9. On Tuesday, January 12 the stock rating was downgraded by Jefferies to “Hold”. The firm has “Hold” rating given on Tuesday, June 14 by Deutsche Bank. The stock of EQT Corporation (NYSE:EQT) has “Sector Perform” rating given on Thursday, August 11 by Howard Weil.
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.
Tradewinds Capital Mngmt Ltd Liability last reported 217 shares in the company. Parkside Bancorp And Tru holds 72 shares or 0% of its portfolio. Ibm Retirement Fund holds 0.06% or 20,409 shares in its portfolio. The Georgia-based Suntrust Banks has invested 0.01% in EQT Corporation (NYSE:EQT). The California-based Comml Bank Of The West has invested 0.04% in EQT Corporation (NYSE:EQT). The Texas-based Tph Asset Limited Com has invested 0.46% in EQT Corporation (NYSE:EQT). First Advsrs L P last reported 0.12% of its portfolio in the stock. Arete Wealth Llc holds 0.23% of its portfolio in EQT Corporation (NYSE:EQT) for 4,640 shares. Moreover, Gulf Int National Bank & Trust (Uk) has 0.07% invested in EQT Corporation (NYSE:EQT) for 50,960 shares. Ascend Capital Ltd, a California-based fund reported 450,576 shares. The Rhode Island-based Amica Pension Fund Board Of Trustees has invested 0.06% in EQT Corporation (NYSE:EQT). Proshare Advsrs Limited Liability accumulated 0.03% or 29,792 shares. Hanson & Doremus Inv, a Vermont-based fund reported 900 shares. Wells Fargo Mn holds 0.01% or 494,966 shares in its portfolio. Anchor Capital Advsr Ltd has 28,163 shares for 0.06% of their US portfolio.
Insider Transactions: Since June 30, 2016, the stock had 2 buys, and 1 insider sale for $340,405 net activity. 313 shares were bought by Cary A. Bray Jr., worth $22,730. CRAWFORD RANDALL L sold $384,583 worth of EQT Corporation (NYSE:EQT) on Thursday, June 30.
More 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 published the news titled: “EQT Corporation: Consolidating Marcellus Properties” on October 26, 2016. Streetinsider.com‘s news article titled: “EQT Corp. (EQT) to Acquire Additional Marcellus Acreage” with publication date: October 25, 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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