EQT Corporation initiated with a Buy at Roth Capital

Roth Capital initiated coverage of EQT Corporation (EQT) with a Buy rating and $69 price target The firm expects gas prices to “stay well bid.” EQT is one of the largest U.S. gas producers with a long and competitive inventory, a low cost structure, material midstream business, and solid track record of recent execution, the analyst tells investors in a research note. Roth believes the company has a very long and high-quality gas inventory life.