EQT Corporation (EQT) Shares Slide -2.93%

EQT Corporation (EQT) : During the past 4 weeks, traders have been relatively bearish on EQT Corporation (EQT), hence the stock is down -11.14% 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 -2.87% relative to the S&P 500. The 4-week change in the price of the stock is -8.16% and the stock has fallen -2.93% in the past 1 week.

The stock has recorded a 20-day Moving Average of 4.1% and the 50-Day Moving Average is 3.02%. EQT Corporation is up 3.98% in the last 3-month period. Year-to-Date the stock performance stands at 39.9%.


EQT Corporation (NYSE:EQT): On Fridays trading session , Opening price of the stock was $73.4 with an intraday high of $73.43. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $72.44. However, the stock managed to close at $72.86, a loss of 1.42% for the day. On the previous day, the stock had closed at $73.91. The total traded volume of the day was 2,231,333 shares.

Also, Brokerage firm Barclays maintains its rating on EQT Corporation (NYSE:EQT). As per the latest information, the brokerage house raises the price target to $85 per share from a prior target of $82. The shares have been rated Overweight. The rating by the firm was issued on July 29, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

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