Revenue Update on EQT Corporation(NYSE:EQT)

EQT Corporation(NYSE:EQT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $127.53M. Analysts estimated a revenue of $461.53M. Earnings per share were $-0.35. Analysts had estimated an EPS of $-0.42.

In a different note, On Jun 14, 2016, Deutsche Bank said it Downgrades its rating on EQT Corporation. The shares have been rated ‘Hold’ by the firm.

EQT Corporation (EQT) shares turned negative on Thursdays trading session with the shares closing down -1.01 points or -1.41% at a volume of 17,97,245. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $72.41. The peak price level was also seen at $72.41 while the days lowest was $70.345. Finally the shares closed at $70.52. The 52-week high of the shares is $80.61 while the 52-week low is $47.1. According to the latest information available, the market cap of the company is $12,182 M.

EQT Corporation has also declared a cash dividend of $0.0300 on Jul 13, 2016. The shares will quote ex-dividend on Aug 10, 2016 and the record date has been fixed on Aug 12, 2016. The dividend payable date has been fixed on Sep 1, 2016.

Several Insider Transactions has been reported to the SEC. On Jul 6, 2016, A. Bray Jr. Cary (director) purchased 277 shares at $77.43 per share price.Also, On Jul 5, 2016, Randall L Crawford (Senior Vice President) sold 4,981 shares at $77.21 per share price.On Nov 12, 2015, Theresa Z Bone (VP Fin and Chief Acct Officer) sold 14,095 shares at $66.75 per share price, according to the Form-4 filing with the securities and exchange commission.

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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