EQT Corporation (NYSE:EQT) traded at a new 52-week high today of $35.52. This new high was reached on below average trading volume as 1 million shares traded hands, while the average 30-day volume is approximately 10.9 million shares.
In the past 52 weeks, shares of EQT Corporation have traded between a low of $15.71 and a high of $35.52 and is now at $34.62, which is 120% above that low price.
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.
EQT Corporation (NYSE:EQT) defies analysts with a current price ($34.62) 1.8% above its average consensus price target of $33.99.
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