EQT Corp (EQT): Today's Featured Utilities Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

EQT ( EQT) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day up 0.4%. By the end of trading, EQT fell $1.43 (-1.9%) to $74.40 on average volume. Throughout the day, 1,948,234 shares of EQT exchanged hands as compared to its average daily volume of 1,519,300 shares. The stock ranged in price between $73.62-$76.40 after having opened the day at $76.00 as compared to the previous trading day's close of $75.83. Other companies within the Utilities sector that declined today were: Centrais Eletricas Brasileiras ( EBR.B), down 4.5%, China Hydroelectric Corporation ( CHC), down 3.5%, Dynegy ( DYN), down 2.5% and Calpine ( CPN), down 2.1%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

EQT Corporation, together with its subsidiaries, operates as an integrated energy company in the United States. It operates in three segments: EQT Production, EQT Midstream, and Distribution. EQT has a market cap of $11.3 billion and is part of the utilities industry. The company has a P/E ratio of 53.7, above the S&P 500 P/E ratio of 17.7. Shares are up 28.6% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate EQT a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates EQT as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in net income, solid stock price performance and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Western Gas Equity Partners ( WGP), down 5.3%, RGC Resources ( RGCO), down 4.8%, Clean Energy Fuels Corporation ( CLNE), down 4.7% and MDU Resources Group ( MDU), down 4.4% , were all gainers within the utilities sector with Sempra Energy ( SRE) being today's featured utilities sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider Utilities Select Sector SPDR ( XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities ( SDP).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

If you liked this article you might like

Energy M&A Weekly: More Midstream IPOs Expected in 2017

Stocks Finish Mixed as Hurricane Irma Barrels Toward Florida Coast

Dow Rallies as Travelers Rebounds but Rest of Market Trails Ahead of Irma

Jana Partners Values an EQT Separation at $4.5 billion

EQT Stock Upgraded by BMO Capital Following Rice Energy Acquisition