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EQT Corporation (EQT) [hlAlert]

Rating:
Hold EQT
down 33.16 %

Equitable Resources, Inc. (EQT) downgraded to Hold by Citigroup

Posted on: Wednesday,  Sep 16, 2009  8:25 AM ET by Citigroup

Citigroup rated Hold EQT Corporation (NYSE: EQT) on 09/16/2009. Previously Citigroup rated Buy EQT Corporation (NYSE: EQT) on 03/14/2008., when
the stock price was $63.10. Since then, EQT Corporation has lost 33.17% as of 09/16/2009's recent price of $42.17.
If you would have followed the previous Citigroup's recommendation on EQT, you would have lost 33.16% of your investment in 551 days.

Equitable Resources, Inc. is an integrated energy company with emphasis on Appalachian area natural-gas supply, transmission and distribution. Equitable Resources, its divisions and its subsidiaries, offer natural gas products to wholesale and retail customers through two business segments: Equitable Supply and Equitable Utilities. Equitable Supply is the largest natural gas supplier in the Appalachian basin with reserves in excess of two trillion cubic feet. The segment engages in gathering, operating, and delivering natural gas and crude oil in the Appalachian basin. In addition, it processes and sells natural gas liquids. Equitable Utilities includes three integrated divisions: a regulated natural gas distribution operation, an interstate pipeline business, and a non-regulated marketing business for natural gas and natural gas products. The segment?s service territory primarily comprises southwestern Pennsylvania and West Virginia.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/16/2009 8:25 AM Hold
None
42.17
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  25.69 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/14/2008 8:25 AM Buy
None
63.10 75.00

(*) Stock Price at the time of the recommendation.
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