EQT Corporation (EQT) stock is down 12.82% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
EQT Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on EQT!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With EQT Stock Today?
EQT Corporation (EQT) stock is trading at $38.91 as of 11:20 AM on Thursday, Sep 29, a decline of -$1.90, or -4.66% from the previous closing price of $40.81. The stock has traded between $38.15 and $40.29 so far today. Volume today is less active than usual. So far 2,590,188 shares have traded compared to average volume of 7,720,634 shares.
More About EQT Corporation
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.
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