Brean Murray Carret & Co. Downgrades EQT Corp. (EQT) to Hold; Late to the Game

May 2, 2012 7:25 AM EDT
Get Alerts EQT Hot Sheet
Price: $62.11 -0.06%

Rating Summary:
    14 Buy, 10 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Brean Murray Carret & Co. downgraded EQT Corp. (NYSE: EQT) from Buy to Hold.

Analyst, Raymond Deacon, said, "We are downgrading EQT because we believe that the company's main 2012 catalyst, the upcoming IPO of MLP containing its midstream assets, has already been priced into the stock at current levels. Moreover, the delay of the Logansport processing facility into the fourth quarter (from July) defers that ~1.50/Mcf of incrmental liquids pricing uplife we had seen as a second major catalyst for the company."

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 $51.51 yesterday.

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