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EQT

EQT Corporation

$40.37

-2.1 (-4.94%)

07:24
10/25/18
10/25
07:24
10/25/18
07:24

EQT promotes Jonathan Lushko to general counsel, SVP, government affairs

EQT Corporation announced changes to its executive leadership in preparation for the upcoming separation of the Company's upstream and midstream businesses. The following changes are effective immediately. Jonathan Lushko has been promoted to general counsel and SVP, government affairs where he will oversee legal and enterprise risk; external affairs; corporate communications; environmental, and the governance and corporate secretarial functions. Since joining EQT in November 2006 as counsel, Lushko has served in various capacities, having been most recently promoted to deputy general counsel, governance & enterprise risk in May 2017. Erin Centofanti has been promoted to EVP, production. Centofanti joined EQT in 2004 as a reservoir engineer and has held various positions since that time, most recently as SVP of asset development for EQT Production. Blake McLean has been promoted to SVP, investor relations and strategy. McLean joined EQT in October 2016 as director of planning, tax, and innovation. In addition, EQT announced that general counsel and VP, external affairs Lewis Gardner; SVP and president, exploration and production David Schlosser, Jr.; and chief investor relations officer Patrick Kane have stepped down from their positions with EQT and its subsidiaries, effective immediately.

  • 25

    Oct

EQT EQT Corporation
$40.37

-2.1 (-4.94%)

08/17/18
LTCO
08/17/18
NO CHANGE
Target $70
LTCO
Buy
EQT Corporation price target cut to $70 from $80 at Ladenburg
Ladenburg Thalmann analyst Michael Schmitz maintained a Buy rating on EQT Corporation but reduced his price target to $70 from $80, citing a full in-service delay for the Mountain Valley Pipeline to 4Q14 vs. its recent 1Q19 target. The additional project delay follows FERC's modified stop work order for MVP, and the modification allows construction to restart for ~77 miles of the MVP route in West Virginia, though because of the continued work stoppage order that impacts 200+ miles of the project's route, MVP has released as much as 50% of its construction workforce.
08/29/18
KEYB
08/29/18
NO CHANGE
KEYB
Overweight
FERC order on Mountain Valley removes overhang on MasTec, says KeyBanc
KeyBanc analyst Tahira Afzal said the FERC order that appears to allow for EQT Corporation (EQT) to resume close to full construction on the Mountain Valley Pipeline looks to be a clear positive development for MasTec (MTZ) and removes the significant overhang of the potential of having to demobilize a portion of its construction workforce. While MasTec is most exposed to MVP, Quanta Services (PWR) also has some exposure, noted Afzal, who has Overweight ratings on both MasTec and Quanta.
09/17/18
GSCO
09/17/18
INITIATION
Target $54
GSCO
Neutral
EQT Corporation reinstated with a Neutral at Goldman Sachs
Goldman Sachs analyst Brian Singer reinstated coverage of EQT Corporation with a Neutral rating and $54 price target. EQT appears poised to slow upstream growth while deploying greater capital towards share repurchases, Singer tells investors in a research note. The analyst sees greater upside elsewhere in the space.
09/18/18
JEFF
09/18/18
INITIATION
Target $52
JEFF
Hold
EQT Corporation resumed with a Hold at Jefferies
Jefferies analyst Mark Lear resumed coverage of EQT Corporation with a Hold rating and $52 price target. While the company's upstream business is "trading cheaply" relative to gas focused operators, its ability to generate free cash flow is likely a few years behind preferred gassy peers, Lear tells investors in a research note.

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