Paradigm Asset Management Co buys $6.1 Million stake in EQT Corporation (EQT)

EQT Corporation (EQT) : Paradigm Asset Management Co scooped up 27,400 additional shares in EQT Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 87,700 shares of EQT Corporation which is valued at $6.1 Million.EQT Corporation makes up approximately 1.15% of Paradigm Asset Management Co’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A boosted its stake in EQT in the latest quarter, The investment management firm added 16,929 additional shares and now holds a total of 42,131 shares of EQT Corporation which is valued at $3 Million. EQT Corporation makes up approx 0.01% of Credit Agricole S A’s portfolio.Pax World Management reduced its stake in EQT by selling 10,003 shares or 18.88% in the most recent quarter. The Hedge Fund company now holds 42,991 shares of EQT which is valued at $3 Million. EQT Corporation makes up approx 0.16% of Pax World Management’s portfolio.Nine Chapters Capital Management boosted its stake in EQT in the latest quarter, The investment management firm added 20,700 additional shares and now holds a total of 24,200 shares of EQT Corporation which is valued at $1.7 Million. EQT Corporation makes up approx 0.15% of Nine Chapters Capital Management’s portfolio. Sippican Capital Advisors added EQT to its portfolio by purchasing 4,228 company shares during the most recent quarter which is valued at $296,129. EQT Corporation makes up approx 0.38% of Sippican Capital Advisors’s portfolio.

EQT Corporation opened for trading at $69.96 and hit $69.98 on the upside on Friday, eventually ending the session at $69.45, with a gain of 0.19% or 0.13 points. The heightened volatility saw the trading volume jump to 13,72,708 shares. Company has a market cap of $11,997 M.

On the company’s financial health, EQT Corporation reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.07. The company had revenue of $478.00 million for the quarter, compared to analysts expectations of $537.65 million. The company’s revenue was down -25.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.08 EPS.

Many Wall Street Analysts have commented on EQT Corporation. EQT Corporation was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 2, 2016. EQT Corporation was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on Feb 25, 2016.

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 630000 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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