EQT Corporation (EQT) Climbs 5.12% Gain on February 2 to Lead Basic Materials Sector

EQT Corporation (EQT) was one of the best performers amongst all companies listed in the basic materials sector on the NYSE and NASDAQ exchanges during trading on February 2, climbing 5.12% to wrap the day at $63.89 after closing the day prior at $60.78. Throughout the trading session, shares of EQT rose as high as $64.35 and dipped as low as $60.95. Today's advance came with about 4.58 million shares changing hands, compared to an average 30-day volume of 1.83 million for EQT Corporation. The price is currently below the 30-day volume weighted average price of $63.04 for EQT.

The share appreciation today gives the company a market capitalization of $10.5 billion based upon 172.76 million shares outstanding. It also means that EQT has a price-to-book ratio of 1.79:1.

In the past 52 weeks, shares of EQT have traded as low as $54.22 and as high as $80.61. Technical traders will take note that at $63.89, shares of EQT are trading below their 200-day MA at $70.2 and below their 50-day MA at $66.66. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is EQT?

EQT Corp is a natural gas exploration and production company. The Company produces natural gas from the proved natural gas, NGL and crude oil reserves; and also provides gathering, transmission and storage services for the Company's produced gas. The company’s 1914 employees are led by CEO David L. Porges from the corporate headquarters at 625 Liberty Avenue in Pittsburgh, PA.

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