EQT traded at $50.09 this Thursday October 1st, increasing $1.53 or 3.15 percent since the previous trading session. Looking back, over the last four weeks, EQT gained 10.15 percent. Over the last 12 months, its price fell by 10.17 percent. Looking ahead, we forecast EQT to be priced at 49.71 by the end of this quarter and at 46.56 in one year, according to Trading Economics global macro models projections and analysts expectations.
EQT Corporation is a natural gas production company with operations focused on the Marcellus and Utica Shales of the Appalachian Basin. The Company has approximately 19.8 trillion cubic feet equivalents (Tcfe) of proved natural gas, natural gas liquids (NGLs) and crude oil reserves across approximately 1.8 million gross acres, including approximately 1.5 million gross acres in the Marcellus play. The Company is focused on the execution of combo-development projects, which refers to the development of several multi-well pads in tandem. Its assets and operations are located in the Appalachian Basin. The Company primarily sell NGLs recovered from its natural gas production. It primarily contracts with MarkWest Energy Partners, L.P. (MarkWest) to process its natural gas and extract from the produced natural gas heavier hydrocarbon streams (consisting of ethane, propane, isobutane, normal butane and natural gasoline).