Melius Starts EQT Corp. (EQT) at Buy

Melius analyst James West initiates coverage on EQT Corp. (NYSE: EQT) with a Buy rating and a price target of $64.00.

The analyst comments "EQT is a pure-play Appalachian Basin gas giant with operations almost exclusively in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio. It is the largest U.S. natural gas producer with over 6 billion cubic feet per day of production and boasts over 25 trillion cubic feet of reserves."

For an analyst ratings summary and ratings history on EQT Corp. click here. For more ratings news on EQT Corp. click here.

Shares of EQT Corp. closed at $50.54 yesterday.

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