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EQT Catches Eye: Stock Jumps 8.5%

Zacks Equity Research

EQT Corporation EQT was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.26 to $10.31.

The move came in after the company reported better-than-expected third-quarter 2019 results.

The company has seen a mixed track record when it comes to estimate revisions of three increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

EQT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

EQT Corporation Price

EQT Corporation Price

EQT Corporation price | EQT Corporation Quote

A better-ranked Oil and Gas - Exploration and Production - United States stock is CNX Resources Corporation CNX, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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