JPMorgan Reiterates Overweight Rating on EQT Corp. (EQT)

JPMorgan analyst Arun Jayaram reiterated an Overweight rating on EQT Corp. (NYSE: EQT).

The analyst commented, “In conjunction with the Pennsylvania Energy and Innovation Summit, EQT was chosen to supply ~1.5 Bcf/d of natural gas to two new power projects in PA. EQT will supply ~800 MMcf/d of gas to the former 2.7 GW Bruce Mansfield Coal Power Plant, which will be converted into a gas-fired power plant at the Shippingport Power Station by the Frontier Group.”

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 $58.24 yesterday.

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