EQT Corp. (EQT -0.2%) is reinstated with a Buy rating and $100 price target at Barclays, as the formation of EQT GP Holdings (EQGP +0.2%) provides a benchmark for market expectations of what the general partner is worth.
Jenkins says EQT will continue its efforts to delineate the deep Utica play - which lies to the east of the shallower Ohio Utica - with plans to drill seven wells this year, and is continuing to develop its acreage in the nearby Marcellus.