Downgrade Alert for EQT (EQT)
EQT (NYSE:EQT) was downgraded from Buy to Hold at Tudor Pickering today. The stock closed yesterday at $70.36 on volume of 1.9 million shares, below average daily volume of 2.0 million.
EQT share prices have moved between a 52-week high of $92.79 and a 52-week low of $47.10 and closed yesterday at 49% above that low price at $70.37 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.
EQT Corporation is an integrated energy company with emphasis on Appalachian area natural-gas supply, transmission and distribution. The Company, through its subsidiaries, offer natural gas products to wholesale and retail customers.
EQT (NYSE:EQT) has potential upside of 28.3% based on a current price of $70.37 and analysts' consensus price target of $90.28. EQT shares have support at the 200-day moving average (MA) of $64.73 and additional support at the 50-day MA of $64.68.
SmarTrend is tracking the current trend status for EQT and will alert subscribers who have EQT in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades