November 28, 2016 - By Richard Conner · 0 Comments
Eqt Corp (NYSE:EQT) institutional sentiment decreased to 1.17 in Q2 2016. Its down -0.44, from 1.61 in 2016Q1. The ratio fall, as 245 investment managers started new or increased positions, while 152 reduced and sold their equity positions in Eqt Corp. The investment managers in our partner’s database now possess: 151.43 million shares, up from 138.88 million shares in 2016Q1. Also, the number of investment managers holding Eqt Corp in their top 10 positions was flat from 13 to 13 for the same number . Sold All: 40 Reduced: 112 Increased: 174 New Position: 71.
EQT Corporation is an energy company. The company has a market cap of $12.15 billion. The Firm operates through two business divisions: EQT Production and EQT Midstream. It currently has negative earnings. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play.
About 121,342 shares traded hands. EQT Corporation (NYSE:EQT) has risen 2.47% since April 25, 2016 and is uptrending. It has underperformed by 3.55% the S&P500.
Analysts await EQT Corporation (NYSE:EQT) to report earnings on February, 2.
According to Zacks Investment Research, “EQT Corporation, formerly Equitable Resources, Inc., is an integrated energy company engaged on Appalachian area natural gas activities, including production, gathering and processing, and distribution, transmission, storage and marketing. EQT Corporation, its divisions and its subsidiaries, offer energy products and services to wholesale and retail customers through two business segments: Equitable Supply and Equitable Utilities. The Equitable Supply segment develops, produces, and sells natural gas, crude oil, and natural gas liquids. It also gathers gas produced by the company and third parties, as well as engages in the processing of natural gas liquids. The Equitable Utilities segment engages in the gathering, transportation, storage, distribution, and sale of natural gas, as well as in the pipeline and storage operations. The company is headquartered in Pittsburgh, Pennsylvania.”
Caymus Capital Partners L.P. holds 10.21% of its portfolio in EQT Corporation for 881,585 shares. Chapter Iv Investors Llc owns 250,000 shares or 6.44% of their US portfolio. Moreover, Talara Capital Management Llc has 5.2% invested in the company for 151,471 shares. The Texas-based Mitchell Group Inc has invested 5.17% in the stock. Key Group Holdings (Cayman) Ltd., a Bahamas-based fund reported 712,348 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 insider purchases, and 2 selling transactions for $581,631 net activity.
Ratings analysis reveals 53% of EQT Corporation’s analysts are positive. Out of 17 Wall Street analysts rating EQT Corporation, 9 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $60 while the high is $101. The stock’s average target of $81.57 is 14.24% above today’s ($71.4) share price. EQT was included in 35 notes of analysts from July 21, 2015. The stock of EQT Corporation (NYSE:EQT) has “Accumulate” rating given on Wednesday, January 13 by Seaport Global. The firm has “Buy” rating by Deutsche Bank given on Wednesday, December 9. The stock of EQT Corporation (NYSE:EQT) earned “Overweight” rating by Morgan Stanley on Monday, October 26. The firm earned “Buy” rating on Wednesday, February 3 by GMP Securities. The stock has “Neutral” rating given by SunTrust on Thursday, February 25. The rating was reinitiated by GMP Securities with “Buy” on Wednesday, September 28. The stock has “Outperform” rating given by Credit Suisse on Monday, October 24. The rating was initiated by JP Morgan with “Overweight” on Wednesday, December 9. Citigroup upgraded EQT Corporation (NYSE:EQT) on Friday, October 28 to “Buy” rating. The stock of EQT Corporation (NYSE:EQT) earned “Outperform” rating by Cowen & Co on Tuesday, July 21.
EQT Corporation (EQT), incorporated on June 10, 2008, is an energy company. The Firm operates through two business divisions: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play. EQT Midstream provides gathering, transmission and storage services for the Company’s produced gas and for the independent third parties across the Appalachian Basin.
More news for EQT Corporation (NYSE:EQT) were recently published by: Nasdaq.com, which released: “Earnings Estimates Moving Higher for EQT Corporation (EQT): Time to Buy?” on November 25, 2016. Nasdaq.com‘s article titled: “EQT Corporation (EQT) Ex-Dividend Date Scheduled for November 08, 2016” and published on November 07, 2016 is yet another important article.
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By Richard Conner