EQT Corporation (EQT) Looks Good: Stock Adds 10% in Session
EQT Corporation EQT was a big mover last session, as the company saw its shares rise 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 8.8% in the past one-month time frame.
The move came after the company reported better than expected fourth-quarter 2017 results.
The company has seen six negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
EQT Corporation currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
EQT Corporation Price
EQT Corporation Price | EQT Corporation Quote
A better-ranked stock in the Oil and Gas – Exploration and Production – United States industry is Cabot Oil & Gas Corporation COG, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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