Large Inflow of Money Witnessed in EQT Corporation

EQT Corporation (NYSE:EQT) : Investors lapped up stocks on upticks to the tune of $30.94 million in the Wednesdays trading session. The trading value on downticks was comparatively at $25.66 million and the uptick to downtick ratio of 1.21 indicates continuous buying by the bulls. The net money flow into the stock was $5.28 million. Upticks saw transactions worth $6.44 clearly indicating buying by large investors. The total money flow for block trades stood at $6.44 million, which is a positive for the stock in the long-term. EQT Corporation (NYSE:EQT) fell $2.25 during the day at $76.96, a drop of -2.84% over the previous days close. However, for the week, the stock is 0.37%, compared to the previous week.


In an insider trading activity, Cary A. Bray Jr., director of Eqt Corp had purchased 357 shares on April 1, 2016 in a transaction. The price per share was $67.26 and the total amount of the disclosed transaction was $24,012.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices. Currently the company Insiders own 1.1% of EQT Corporation shares according to the proxy statements. Institutional Investors own 80.73% of EQT Corporation shares.

The company shares have dropped -1.25% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $81.67 and the one year low was seen on Dec 17, 2015. The 50-Day Moving Average price is $73.83 and the 200 Day Moving Average price is recorded at $63.65. EQT Corporation (NYSE:EQT): The stock opened at $79.98 on Wednesday but the bulls could not build on the opening and the stock topped out at $80.61 for the day. The stock traded down to $76.73 during the day, due to lack of any buying support eventually closed down at $76.96 with a loss of -2.84% for the day. The stock had closed at $79.21 on the previous day. The total traded volume was 1,746,328 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.

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