EQT Corp. (EQT -0.3%) is upgraded to Buy from Hold with an $87 price target at Stifel, citing the company's high-quality asset base, industry-leading balance sheet and valuable and growing midstream platform,

After backing out the value of EQT GP Holdings (NYSE:EQGP), Stifel estimates that EQT trades at 8.4x 2017 EBITDA, an 18% discount to its Appalachian peers.

The firm says it new $87/share target assumes that EQT's E&P assets trade in line with its Appalachian peer group at ~10x.

Views: 99

Reply to This

Local Groups

Latest Activity

Blog Posts

Forgotten Men and Women of Canadian Energy Industry Protest

Posted by Thomas J Shepstone on January 4, 2019 at 10:37am 0 Comments

The forgotten men and women of the Canadian energy industry are mad as hell and not taking it anymore. They’re protesting in their trucks and it’s spreading.

Whenever I go to New York City, which is as seldom as…



© 2019   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service