Obermeyer Wood Investment Counsel Lllp Lowers stake in EQT Corporation (EQT)

EQT Corporation (EQT) : Obermeyer Wood Investment Counsel Lllp reduced its stake in EQT Corporation by 5.11% during the most recent quarter end. The investment management company now holds a total of 170,201 shares of EQT Corporation which is valued at $12,174,478 after selling 9,170 shares in EQT Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.EQT Corporation makes up approximately 1.16% of Obermeyer Wood Investment Counsel Lllp’s portfolio.

Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in EQT in the latest quarter, The investment management firm added 31,745 additional shares and now holds a total of 113,279 shares of EQT Corporation which is valued at $8,102,847. EQT Corporation makes up approx 0.02% of Great West Life Assurance Co Can’s portfolio.Gateway Investment Advisers reduced its stake in EQT by selling 155 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 13,771 shares of EQT which is valued at $1,048,386. EQT Corporation makes up approx 0.01% of Gateway Investment Advisers’s portfolio.

EQT Corporation closed down -0.1 points or -0.14% at $69.83 with 15,81,577 shares getting traded on Monday. Post opening the session at $70.22, the shares hit an intraday low of $69.6 and an intraday high of $70.46 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, EQT Corporation reported $-0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.40. The company had revenue of $127.53 million for the quarter, compared to analysts expectations of $448.83 million. The company’s revenue was down -71.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.06 EPS.

Many Wall Street Analysts have commented on EQT Corporation. Shares were Reiterated by Scotia Howard Weil on Jul 29, 2016 to “Sector Outperform” and Lowered the Price Target to $ 91 from a previous price target of $92 .

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 630000 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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