Short Term Rating on EQT Corporation (EQT)

EQT Corporation (EQT) : Zacks Investment Research ranks EQT Corporation (EQT) as 2, which is a Buy recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2, which indicates as a Buy.

EQT Corporation (EQT) : The highest short term price target forecast on EQT Corporation (EQT) is $99 and the lowest target price is $75. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $84.18 with a standard deviation of $6.75.

For the current week, the company shares have a recommendation consensus of Buy.


EQT Corporation (NYSE:EQT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.21 and $77.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.41, notching a gain of 1.90% for the day. The total traded volume was 1,044,927 . The stock had closed at $76.95 on the previous day.

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Your email address will not be published.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 *