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 down 0.4%. By the end of trading, EQT fell $1.67 (-2.1%) to $77.50 on average volume. Throughout the day, 1,503,420 shares of EQT exchanged hands as compared to its average daily volume of 1,562,300 shares. The stock ranged in price between $77.44-$79.36 after having opened the day at $78.93 as compared to the previous trading day's close of $79.17. Other companies within the Utilities sector that declined today were: Pure Cycle Corporation ( PCYO), down 6.0%, Centrais Eletricas Brasileiras ( EBR), down 4.2%, Clean Energy Fuels Corporation ( CLNE), down 3.1% and Companhia De Saneamento Basico Do Estado De ( SBS), down 2.9%.
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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 $12.0 billion and is part of the utilities industry. The company has a P/E ratio of 57.0, above the S&P 500 P/E ratio of 17.7. Shares are up 34.2% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate EQT a buy, no analysts rate it a sell, and 7 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, 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.

On the positive front, Beacon Power ( BCON), down 74.7% and Summit Midstream Partners ( SMLP), down 3.1% , were all gainers within the utilities sector with Calpine ( CPN) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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