Market Overview

UPDATE: Societe Generale Initiates EQT Corporation at Buy on Natural Gas Exposure

Related EQT
Benzinga's Top Upgrades
SunTrust Robinson Humphrey Upgrades EQT To Buy
Energy Stocks Move Higher as Oil Spikes (Fox Business)

Societe Generale initiated coverage on EQT Corporation (NYSE: EQT) with a Buy rating and a $71 price target.

Societe Generale noted, "We initiate coverage of EQT Corporation (EQT) with a BUY rating and a target price (TP) of $71 (based on a risked net asset value calculation, supported by a multiples analysis) for 25.5% projected 12m TSR with a reward to risk ratio of 2.2x (1 being neutral). Alongside RRC, EQT is now our preferred way to invest in natural gas exposure."

EQT Corporation closed at $57.28 on Tuesday.

Latest Ratings for EQT

DateFirmActionFromTo
Oct 2014CitigroupMaintainsNeutral
Oct 2014SunTrust Robinson HumphreyUpgradesNeutralBuy
Oct 2014Global HunterInitiates Coverage onAccumulate

View More Analyst Ratings for EQT
View the Latest Analyst Ratings

Posted-In: Societe GeneraleAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (EQT)

Around the Web, We're Loving...

Get Benzinga's Newsletters