Citi Comments on Questar After Q2 results

Citi has published a report on Questar Corporation STR covering Q2 results. In the report, Citi wrote, "STR reported recurring EPS of $0.22 versus both our estimate and the Street at $0.20. Better than expected results out of Questar Gas ($0.02p/s) and Wexpro (~$0.01p/s) were able to offset lower results at the Pipeline Segment (-$0.01p/s). STR affirmed 2011 EPS guidance of $1.07- 1.11 (assuming no share repurchases). We maintain our Buy / Low Risk Rating & $19.25 Target Price." Citi rated Questar a BUY with a price target of $19.25. Questar closed Wednesday at $18.24.