Canaccord Genuity reiterates a 'Sell' on EQT Corp. (EQT); Q2/11: Evolving Marcellus Well Design, Valuation the Issue
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Price: $53.72 -0.32%
Rating Summary:
35 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
35 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Sell' on EQT Corp. (NYSE: EQT) price target raised to $48.
Canaccord analyst, John Gerdes, said, "We are raising our target price $1 to $48 per share on minor model refinements. We reiterate our SELL rating, as we simply believe EQT’s ~55% premium (’12E EBITDA) to the group is unwarranted given its comparable CFPS growth (’11- ’13E)...EQT continues to examine alternatives for its midstream business including further asset sales, divesting the segment or establishing an MLP."
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 $63.92 yesterday.
Canaccord analyst, John Gerdes, said, "We are raising our target price $1 to $48 per share on minor model refinements. We reiterate our SELL rating, as we simply believe EQT’s ~55% premium (’12E EBITDA) to the group is unwarranted given its comparable CFPS growth (’11- ’13E)...EQT continues to examine alternatives for its midstream business including further asset sales, divesting the segment or establishing an MLP."
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 $63.92 yesterday.
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