EQT Corp (NYSE:EQT) Upgrade of Rating

RBC Capital gave Eqt Corp (NYSE:EQT) shares a new “Outperform” rating in a research report issued on Monday, 12 February. This is raise from the old “Sector Perform” rating.

In spite of the stock upgrade NYSE:EQT is now trading -0.93% lower at $57.65 as of 6:06 AM New York time. EQT Corp. shares have [From2] 0% over the past 200 days, while the Standard & Poor’s 500 index has gained 6.00% during the same time period.

Out of 20 brokers covering EQT Corp., 17 rate it a Buy, 5 indicate a Hold while 0 suggest a Sell. The highest target is $90 and the lowest is $50 according to Thomson/First Call. The 12-month mean target is $73.08, which means upside potential of 26.76% over the current price.

Institutional Ownership

Talara Capital Management Llc had the largest stake with ownership of 277,471 shares as of Q2 2015 for 7.6% of the fund’s portfolio. Caymus Capital Partners L.P. is another notably bullish active investment manager who is having 865,885 shares of EQT Corp. or 7.35% of their fund’s portfolio. In addition, Chapter Iv Investors Llc have 6.31% of their fund’s portfolio invested in the company for 262,500 shares. The Texas-based fund Mitchell Group Inc revealed it had bought so far a stake worth about 4.67% of the active investment manager’s stock portfolio in EQT Corp.. The New York-based fund Md Sass Investors Services Inc is also positive about the stock, possessing 653,409 shares or 3.7% of their fund’s portfolio.

EQT Corp (NYSE:EQT) Profile

EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.

EQT Corp (NYSE:EQT) traded down -0.93% on 12 February, hitting $57.65. A total of 1.17M shares of the company’s stock traded hands. This is down from average of 4.69M shares. EQT Corp. has a 52 week low of $49.63 and a 52 week high of $75.74. The company has a market cap of $9.99B and a P/E ratio of 284.69.

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