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UPDATE: Morgan Stanley Reiterates On EQT As Model Steward For Shareholders

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Barclays: EQT Corp Worth $100/Share And A Buy

In a report published Friday, Morgan Stanley analyst Drew Venker reiterated an Equal-Weight rating on EQT (NYSE: EQT), and raised the price target from $85.00 to $100.00.

In the report, Morgan Stanley noted, “EQT trades at a fair multiple to reflect its superior production growth through 2018. Significant midstream assets limit downside risk and provide a source of capital as EQT drops down these assets to its midstream MLP (EQM), over time. Trades 1 turn above gas weighted peers on 2016e EV/EBITDA based on our 2014-16e production CAGR of 30%. One of the most shareholder friendly management teams in the industry that continuously seeks ways to increase shareholder value.”

EQT closed on Friday at $95.64.

Latest Ratings for EQT

DateFirmActionFromTo
Aug 2015Global HunterUpgradesAccumulateBuy
Jul 2015Cowen & CompanyInitiates Coverage onOutperform
Jun 2015BarclaysInitiates Coverage onOverweight

View More Analyst Ratings for EQT
View the Latest Analyst Ratings

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