EQT Corporation (NYSE:EQT) traded at a new 52-week high today of $28.20. Approximately 1.4 million shares have changed hands today, as compared to an average 30-day volume of 10.2 million shares.
EQT Corp is an independent natural gas production company with operations focused in the cores of the Marcellus and Utica shales in the Appalachian Basin, located in the Eastern United States. The firm focuses on executing combo-development projects for developing multiwell pads to meet supply needs, with a focus on maximizing operational efficiency, technology, and sustainability. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has one reportable segment and its revenue stems from three types of gas reserves: natural gas, natural gas liquids, and crude oil. All of the firm’s operating revenue is generated in the U.S., with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.
Based on a current price of $27.92, EQT Corporation is currently 2.4% above its average consensus analyst price target of $27.25.
Over the past year, EQT Corporation has traded in a range of $15.71 to $28.20 and is now at $27.92, 78% above that low.
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