Analyst Rating Update on EQT Corporation (EQT)

EQT Corporation (NYSE:EQT) : The consensus on EQT Corporation (NYSE:EQT) based on 14 analyst recommendation on the company stock is 2.21, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

EQT Corporation (NYSE:EQT) : Currently there are 11 street experts covering EQT Corporation (NYSE:EQT) stock. The most bullish and bearish price target for the stock is $99 and $75 respectively for the short term. The average price target of all the analysts comes to $83.46. The estimated standard deviation from the target is $7.08.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Deutsche Bank downgrades its rating on EQT Corporation (NYSE:EQT). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 14, 2016.

EQT Corporation (NYSE:EQT): stock turned positive on Tuesday. Though the stock opened at $77.33, the bulls momentum made the stock top out at $79.28 level for the day. The stock recorded a low of $76.91 and closed the trading day at $79.21, in the green by 4.18%. The total traded volume for the day was 1,599,602. The stock had closed at $76.03 in the previous days trading.

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.

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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