Market Overview

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

Share:
Related EQT
Darkest Before Dawn? This Analyst Just Went Long Oil E&Ps
Best Stock Ideas Of 2016 So Far

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
Feb 2016GMP SecuritiesInitiates Coverage onBuy
Feb 2016SunTrust Robinson HumphreyAssumesBuy
Feb 2016JP MorganMaintainsOverweight

View More Analyst Ratings for EQT
View the Latest Analyst Ratings

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

 

Related Articles (EQT)

Get Benzinga's Newsletters