Barclays Maintains an 'Overweight' on EQT Corp. (EQT); EPS Housekeeping
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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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Barclays maintains an 'Overweight' on EQT Corp. (NYSE: EQT) price target cut from $77 to $70.
Barclays analyst says, "We are providing our initial 2012 quarterly numbers while adjusting all estimates given our revised commodity price deck. We are now assuming a natural gas price of $4.00 in 2012 with modest increases through the years to $4.50 in 2015 and 2016. We have also fine-tuned our production assumptions over our forecast to better reflect our expectations for the 30% 2011-2015 growth CAGR that management has previously disclosed."
Barclays lowers FY11 EPS estimate from $2.15 to $2.14 and FY12 from $2.91 to $2.68."
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 $60.89 yesterday.
Barclays analyst says, "We are providing our initial 2012 quarterly numbers while adjusting all estimates given our revised commodity price deck. We are now assuming a natural gas price of $4.00 in 2012 with modest increases through the years to $4.50 in 2015 and 2016. We have also fine-tuned our production assumptions over our forecast to better reflect our expectations for the 30% 2011-2015 growth CAGR that management has previously disclosed."
Barclays lowers FY11 EPS estimate from $2.15 to $2.14 and FY12 from $2.91 to $2.68."
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 $60.89 yesterday.
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