Simplex Trading adds EQT Corporation (EQT) to its portfolio

EQT Corporation (EQT) : Simplex Trading added new position in EQT Corporation during the most recent quarter end. The investment management firm now holds 6,385 shares of EQT Corporation which is valued at $461,955 , the company said in a statement filed on Oct 7, 2016 with the SEC.EQT Corporation makes up approximately 0.06% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in EQT by selling 605 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 44,108 shares of EQT which is valued at $3,191,214. EQT Corporation makes up approx 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in EQT in the latest quarter, The investment management firm added 11,607 additional shares and now holds a total of 42,818 shares of EQT Corporation which is valued at $3,120,148. EQT Corporation makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Private Asset Management Inc reduced its stake in EQT by selling 500 shares or 7.68% in the most recent quarter. The Hedge Fund company now holds 6,008 shares of EQT which is valued at $437,803. EQT Corporation makes up approx 0.07% of Private Asset Management Inc’s portfolio.Chevy Chase Trust Holdings reduced its stake in EQT by selling 3,410 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 145,151 shares of EQT which is valued at $10,577,153. EQT Corporation makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.Eqis Capital Management reduced its stake in EQT by selling 74 shares or 2.58% in the most recent quarter. The Hedge Fund company now holds 2,799 shares of EQT which is valued at $203,963. EQT Corporation makes up approx 0.01% of Eqis Capital Management’s portfolio.

EQT Corporation closed down -0.51 points or -0.70% at $72.35 with 12,60,162 shares getting traded on Friday. Post opening the session at $73.17, the shares hit an intraday low of $72.31 and an intraday high of $73.41 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Stifel Upgraded EQT Corporation on Aug 26, 2016 to ” Buy”, Price Target of the shares are set at $87.Shares were Downgraded by Scotia Howard Weil on Aug 11, 2016 to ” Sector Perform” and Lowered the Price Target to $ 90 from a previous price target of $91 .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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