Benzinga | Feb 17, 2021 02:56PM EST

Why EQT's Stock Is Trading Higher Today

EQT (NYSE:EQT) shares are trading higher on Wednesday after the company reported better-than-expected fourth-quarter EPS and sales results.

The company reported quarterly sales of $1.25 billion, which beat the analyst consensus estimate of $891.33 million by 40.5%.

EQT Corporation is an independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. The firm is dedicated to responsibly developing its asset base and being the operator of choice for its stakeholders.

By leveraging a culture that prioritizes operational efficiency, technology, and sustainability, EQT seeks to continuously improve the way the company produces environmentally responsible, reliable, and low-cost energy.

EQT shares were trading up 8.4% at $19.35. The stock has a 52-week high of $19.66 and a 52-week low of $4.21.