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.

NEW YORK ( TheStreet) -- EQT (NYSE: EQT) hit a new 52-week high Friday as it is currently trading at $82.98, above its previous 52-week high of $82.22 with 238,020 shares traded as of 9:40 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

EQT has a market cap of $12.12 billion and is part of the utilities sector and utilities industry. Shares are up 38% year to date as of the close of trading on Thursday.

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. The company has a P/E ratio of 57.6, above the S&P 500 P/E ratio of 17.7.

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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, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full EQT Ratings Report.

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