Barclays Maintains an 'Overweight' on EQT Corp. (EQT); EPS Housekeeping

Barclays maintains an 'Overweight' on EQT Corp. (NYSE: EQT), PT increased from $49 to $53.

Barclays analyst says, "We have revised our numbers while initiating 2011 quarterly and 2015 annual estimates. Our updated model reflects the impact of the sale of the Langley Natural Gas Processing Complex to Markwest Energy Partners. We'd note that changes include the elimination of processing revenues in the midstream segment while the contribution tied to liquids produced will now be reflected in the E&P affiliate." (Barclays raises FY11 EPS estimate from $1.57 to $1.72 and FY12 from $2.18 to $2.29)

For more ratings news on EQT Corp. click here and for the rating history of EQT Corp. click here.

Shares of EQT Corp. closed at $50.20 yesterday.

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