NEW YORK ( TheStreet) -- EQT Corp (NYSE: EQT) hit a new 52-week high Thursday as it is currently trading at $71.87, above its previous 52-week high of $68.56 with 34,562 shares traded as of 9:35 a.m. ET. Average volume has been two million shares over the past 30 days.

EQT has a market cap of $9.9 billion and is part of the utilities sector and utilities industry. Shares are up 49.8% year to date as of the close of trading on Wednesday.

EQT Corporation, together with its subsidiaries, operates as an integrated energy company in the United States. It operates in three segments: EQT Production, EQT Midstream, and Distribution. The company has a P/E ratio of 31, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates EQT as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full EQT Ratings Report.

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