Company Shares of EQT Corporation Rally 2%

EQT Corporation (NYSE:EQT) has climbed 2% in the past week and advanced 10.9% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.22% and the outperformance has advanced to 9.89% for the last 4 weeks period.

EQT Corporation (NYSE:EQT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.36 and $75.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.02, notching a gain of 2.97% for the day. The total traded volume was 2,693,808 . The stock had closed at $74.80 on the previous day.

The company shares have dropped -5.87% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $85.02 and the one year low was seen on Dec 17, 2015. The 50-Day Moving Average price is $72.02 and the 200 Day Moving Average price is recorded at $62.22.

On the companys insider trading activities, Cary A. Bray Jr., director of Eqt Corp, executed a transaction worth $24,012 on April 1, 2016. A total of 357 shares were purchased at an average price of $67.26. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Many analysts have stated their opinion on the company shares. Deutsche Bank downgrades their rating on the shares of EQT Corporation (NYSE:EQT). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 1.1% of EQT Corporation shares according to the proxy statements. Institutional Investors own 80.72% of EQT Corporation shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.