Deutsche Bank Starts EQT Corp. (EQT) at Hold; Funding Strategy Clear, Marcellus Acceleration the Option
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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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Deutsche Bank initiates coverage on EQT Corp. (NYSE: EQT) with a Hold. PT $64.00.
Deutsche analyst says, "Core to value at EQT is a dominant Marcellus position (520k acres) with 6 rigs operating today. EQT is executing a funding strategy that permits acceleration, potentially driving upward revisions to NAV. Key for the stock will be whether the deteriorating gas strip will discourage acceleration, given management’s stewardship of corporate returns. Current downside appears insulated by asset quality, but with uncertainty surrounding the commodity outlook and the pace and timing of acceleration we initiate with a HOLD."
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 $47.64 yesterday.
Deutsche analyst says, "Core to value at EQT is a dominant Marcellus position (520k acres) with 6 rigs operating today. EQT is executing a funding strategy that permits acceleration, potentially driving upward revisions to NAV. Key for the stock will be whether the deteriorating gas strip will discourage acceleration, given management’s stewardship of corporate returns. Current downside appears insulated by asset quality, but with uncertainty surrounding the commodity outlook and the pace and timing of acceleration we initiate with a HOLD."
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 $47.64 yesterday.
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