EQT Corporation (EQT) : During the past 4 weeks, traders have been relatively bearish on EQT Corporation (EQT), hence the stock is down -10.51% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.36% relative to the S&P 500. The 4-week change in the price of the stock is -9.58% and the stock has fallen -2.3% in the past 1 week.
The stock has recorded a 20-day Moving Average of 5.57% and the 50-Day Moving Average is 8.75%. EQT Corporation (NYSE:EQT): stock turned positive on Friday. Though the stock opened at $68.6, the bulls momentum made the stock top out at $69.02 level for the day. The stock recorded a low of $67.9 and closed the trading day at $68.32, in the green by 0.01%. The total traded volume for the day was 1,339,272. The stock had closed at $68.31 in the previous days trading.
The company Insiders own 1.1% of EQT Corporation shares according to the proxy statements. Institutional Investors own 83.04% of EQT Corporation shares. Also, Brokerage firm Scotia Howard Weil downgrades its rating on EQT Corporation (NYSE:EQT). The shares have been rated Sector Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on August 11, 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 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.