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EQT

EQT Corporation

$15.06

-0.03 (-0.20%)

08:02
07/05/19
07/05
08:02
07/05/19
08:02

Rice Team says Egan-Jones recommends EQT shareholders vote for all nominees

The Rice Team, shareholders of EQT Corporation, announced that Egan-Jones Ratings Company, has issued a report recommending that EQT shareholders vote for all of the Rice Team nominees on the WHITE universal proxy card. Egan-Jones' conclusion is in line with the recommendation of Institutional Shareholders Services for EQT shareholders to vote for all of the Rice Team nominees, as well as public statements of support from EQT's three largest actively managed shareholders - T. Rowe Price, D.E. Shaw and Kensico Capital Management - in favor of the Rice Team nominees and plan for EQT. In making its recommendation, Egan-Jones noted: "In our view, the incumbent Board and management fall short of the operational skillset to deliver long-term shareholder value. We believe that leadership with a true understanding of energy engineering rather than financial engineering is critical in the execution of strategies that will unlock potential shareholder value...We believe that the [Rice Team] Nominees, if elected, will pursue the realization of the expected benefits of the EQT-Rice merger, which the Board and the management have failed to effectuate. With a high-potential asset base, we strongly recommend the election of leaders who will explore and develop the said potential to redeem EQT from its dismal stock performance.,,We are convinced that the [Rice Team's] 100-day plan will work towards the benefit of the Company and its shareholders. With a set of nominees with the right mix of skills, qualifications, and expertise in operations, we believe that the [Rice Team] Nominees will help EQT achieve the goal of being a low-cost natural gas company and improve its operational performance."

  • 10

    Jul

EQT EQT Corporation
$15.06

-0.03 (-0.20%)

04/16/19
MKMP
04/16/19
DOWNGRADE
MKMP
EOG Resources, Hess, EQT Corp cut to Neutral at MKM Partners on valuation
As previously reported, MKM Partners analyst John Gerdes has downgraded EOG Resources (EOG), EQT Corp (EQT) and Hess Corp (HES) from Buy to Neutral on valuation after their respective 17%, 14%, and 62% year-to-date gains relative to the 14% appreciation of the Oil/Gas Exploration & Production ETF (XOP). The analyst notes that all 3 now reflect below 10% of his expected intrinsic upside value relative to his net present value-derived estimates. As part of his broader research note, Gerdes has also raised his 2019 Brent crude oil price forecast by $9 to $66 and his 2020 forecast by $2.50 to $64.50. The analyst adds that the capital intensity in the industry has been "stable" and remains 35% below 2014 cyclical peak while the cost structure is 35% below the 2014 peak.
04/16/19
04/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HollyFrontier (HFC) downgraded to Sell from Neutral at Goldman Sachs with analyst Neil Mehta saying he now sees a less attractive crude differential environment given a narrower Brent-WTI and WTI-WCS spread forecast in 2019 and 2020. 2. BP (BP) downgraded to Outperform from Top Pick at RBC Capital with analyst Biraj Borkhataria citing valuation. 3. Cisco (CSCO) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Rod Hall saying Cisco has executed well on rolling out its Catalyst 9000 products that have driven "solid" double digit growth in campus switching revenues. 4. DowDuPont (DWDP) downgraded to Sector Perform from Outperform at RBC Capital with analyst Arun Viswanathan citing the impact of the company's spinoff of Dow on April 2nd. 5. EOG Resources (EOG) and EQT Corporation (EQT) downgraded to Neutral from Buy at MKM Partners. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/20/19
WELS
05/20/19
UPGRADE
WELS
Outperform
EQT Corporation upgraded to Outperform from Market Perform at Wells Fargo
05/29/19
MACQ
05/29/19
INITIATION
Target $21
MACQ
Neutral
EQT Corporation initiated with a Neutral at Macquarie
Macquarie started EQT Corporation with a Neutral rating and $21 price target.

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BA

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ORCC

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BA

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