EQT Corporation (EQT) : Analyst Rating Update

EQT Corporation (EQT) has an average broker rating of 2, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

EQT Corporation (EQT) : The consensus price target for EQT Corporation (EQT) is $83.46 for the short term with a standard deviation of $7.08. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $99, however, the pessimist price target for the company is $75.

EQT Corporation (NYSE:EQT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.87 and $76.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.38, notching a gain of 0.14% for the day. The total traded volume was 1,585,039 . The stock had closed at $77.27 on the previous day.

Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, downgrades their rating on the shares of EQT Corporation (NYSE:EQT). Deutsche Bank has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 14, 2016. The company shares have rallied 0.14% from its 1 Year high price. On Jun 29, 2016, the shares registered one year high at $80.61 and the one year low was seen on Dec 17, 2015. The 50-Day Moving Average price is $74.79 and the 200 Day Moving Average price is recorded at $64.64.

EQT Corporation (EQT) is an energy company. The Company operates in two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with approximately 10.7 trillion cubic feet equivalent (Tcfe) of proved natural gas, natural gas liquids (NGLs) and crude oil reserves across approximately 3.4 million acres, including around 630,000 gross acres in the Marcellus play. Its proved reserves include Lower Huron, Cleveland, Berea sandstone and other Devonian age formations. EQT Midstream assets are located in the Marcellus Shale region, spanning an area of southwestern Pennsylvania and northern West Virginia. EQT Midstream provides gathering, transmission and storage services for its produced gas and for the independent third parties across the Appalachian Basin.

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