Barclays Assumes EQT Corporation to Overweight

Brokerage firm Barclays Assumes its rating on EQT Corporation(NYSE:EQT). The shares have been rated Overweight. The rating by Barclays was issued on Apr 12, 2016.

In a different note, On Mar 2, 2016, Morgan Stanley said it Downgrades its rating on EQT Corporation. In the research note, the firm Lowers the price-target to $66.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Feb 25, 2016, SunTrust Robinson Humphrey said it Downgrades its rating on EQT Corporation. The shares have been rated ‘Neutral’ by the firm. On Feb 23, 2016, Deutsche Bank said it Maintains its rating on EQT Corporation. In the research note, the firm Lowers the price-target to $76.00 per share. The shares have been rated ‘Buy’ by the firm. GMP Securities said it Initiates Coverage on EQT Corporation, according to a research note issued on Feb 3, 2016. The shares have been rated ‘Buy’ by the firm. On Feb 2, 2016, JP Morgan said it Maintains its rating on EQT Corporation. In the research note, the firm Raises the price-target to $69.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 2, 2016, SunTrust Robinson Humphrey said it Assumes its rating on EQT Corporation. The shares have been rated ‘Buy’ by the firm.

EQT Corporation (EQT) shares turned negative on Fridays trading session with the shares closing down -0.68 points or -1.01% at a volume of 10,17,043. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $67.38. The peak price level was also seen at $67.38 while the days lowest was $66.03. Finally the shares closed at $66.37. The 52-week high of the shares is $92.79 while the 52-week low is $47.1. According to the latest information available, the market cap of the company is $10,126 M.

EQT Corporation(EQT) last announced its earnings results on Feb 4, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $601.38M. Analysts had an estimated revenue of $508.18M. Earnings per share were $-0.06. Analysts had estimated an EPS of $-0.12.

Several Insider Transactions has been reported to the SEC. On Apr 5, 2016, A. Bray Jr. Cary (director) purchased 357 shares at $67.26 per share price.Also, On Nov 12, 2015, Theresa Z Bone (VP Fin and Chief Acct Officer) sold 14,095 shares at $66.75 per share price.On Aug 7, 2015, Randall L Crawford (Senior Vice President) sold 87,000 shares at $75.24 per share price, according to the Form-4 filing with the securities and exchange commission.

EQT Corporation (EQT) is an energy company. The Company operates in two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with approximately 10.7 trillion cubic feet equivalent (Tcfe) of proved natural gas natural gas liquids (NGLs) and crude oil reserves across approximately 3.4 million acres including around 630000 gross acres in the Marcellus play. Its proved reserves include Lower Huron Cleveland Berea sandstone and other Devonian age formations. EQT Midstream assets are located in the Marcellus Shale region spanning an area of southwestern Pennsylvania and northern West Virginia. EQT Midstream provides gathering transmission and storage services for its produced gas and for the independent third parties across the Appalachian Basin.

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