EQT Corporation (EQT) : Tuesdays money flow data in EQT Corporation (EQT) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $11.26 million, whereas, $8.55 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.32, in favor of the bulls. The total money flow into the stock was $2.7 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $1.88 million. The total value of block trades done on upticks was $1.88 million. EQT Corporation (EQT) fell $0.3 and traded at $72.31, down -0.41% for the day, over previous days close. On a weekly basis, the shares are 0.88% over the previous weeks close.
Also, In a research note released to the investors, Stifel Nicolaus upgrades its rating on EQT Corporation (NYSE:EQT).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on August 26, 2016.
Shares of EQT Corporation rose by 0.22% in the last five trading days and 2.28% for the last 4 weeks. EQT Corporation has dropped 1.31% during the last 3-month period . Year-to-Date the stock performance stands at 38.81%.
EQT Corporation (NYSE:EQT): The stock opened at $72.98 on Tuesday but the bulls could not build on the opening and the stock topped out at $73.35 for the day. The stock traded down to $72.12 during the day, due to lack of any buying support eventually closed down at $72.26 with a loss of -0.48% for the day. The stock had closed at $72.61 on the previous day. The total traded volume was 1,361,052 shares.
In a related news, Cary A. Bray Jr., director of Eqt Corp, executed a transaction worth $21,448 on July 1, 2016. A total of 277 shares were purchased at an average price of $77.43. 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.
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.