Credit Suisse Starts EQT Corp. (EQT) at Outperform

October 24, 2016 6:21 AM EDT
Get Alerts EQT Hot Sheet
Price: $72.58 -0.34%

Rating Summary:
    15 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 26 | New: 28
Trade EQT Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

Credit Suisse initiates coverage on EQT Corp. (NYSE: EQT) with a Outperform rating and a price target of $86.00.

Analyst Mark Lear commented, "EQT has amassed a 320,000 net acre position in the heart of the Marcellus shale in SW Pennsylvania and NW West Virginia, and has shown improvement in productivity per lateral ft as a result of optimized completions in the play. Despite recent operational improvements, EQT screens at a steep discount to peers on an EV per acre multiple, trading at ~$900 per acre compared to a $9,400/acre median for Marcellus peers. The company has taken its foot off the pedal in terms of 2017 growth due to infrastructure constraints, but remains well positioned to return to 20% growth in 2018 into favorable markets as incremental firm transport capacity reduces local market sales."

For an analyst ratings summary and ratings history on EQT Corp. click here. For more ratings news on EQT Corp. click here.

Shares of EQT Corp. closed at $64.35 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, New Coverage

Related Entities

Credit Suisse

Add Your Comment