Shares of EQT Corporation (NYSE:EQT) traded at a new 52-week high today of $28.79. So far today approximately 1 million shares have been exchanged, as compared to an average 30-day volume of 10.5 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.
In the past 52 weeks, shares of EQT Corporation have traded between a low of $15.71 and a high of $28.79 and is now at $28.12, which is 79% above that low price.
EQT Corporation (NYSE:EQT) has potential upside of 1.1% based on a current price of $28.12 and analysts’ consensus price target of $28.42.
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