Equities researchers at Wolfe Research began coverage on shares of EQT GP Holdings LP (NYSE:EQGP) in a research report issued on Friday. The brokerage set an “outperform” rating on the stock.
Separately, Zacks Investment Research lowered shares of EQT GP Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.44.
Shares of EQT GP Holdings (NYSE:EQGP) opened at 25.03 on Friday. The stock’s 50 day moving average is $25.32 and its 200 day moving average is $25.30. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 36.01 and a beta of 1.30. EQT GP Holdings has a 1-year low of $17.39 and a 1-year high of $27.95.
EQT GP Holdings (NYSE:EQGP) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. EQT GP Holdings had a net margin of 27.71% and a return on equity of 11.98%. The firm had revenue of $172 million for the quarter, compared to analyst estimates of $171.03 million. During the same period last year, the business earned $1.12 EPS. EQT GP Holdings’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, equities analysts forecast that EQT GP Holdings will post $0.75 EPS for the current year.
Several hedge funds have recently modified their holdings of EQGP. Signaturefd LLC increased its stake in shares of EQT GP Holdings by 3.1% in the second quarter. Signaturefd LLC now owns 6,725 shares of the company’s stock valued at $171,000 after buying an additional 200 shares during the last quarter. LVW Advisors LLC purchased a new stake in shares of EQT GP Holdings during the first quarter valued at $219,000. Alps Advisors Inc. purchased a new stake in shares of EQT GP Holdings during the second quarter valued at $239,000. Avalon Advisors LLC purchased a new stake in shares of EQT GP Holdings during the first quarter valued at $253,000. Finally, Hollencrest Securities LLC purchased a new stake in shares of EQT GP Holdings during the second quarter valued at $339,000. 10.14% of the stock is currently owned by institutional investors and hedge funds.
EQT GP Holdings Company Profile
EQT GP Holdings, LP (EQGP) is a limited partnership company and subsidiary of EQT Gathering Holdings, LLC (EQT Gathering Holdings). The Company is formed to own EQT Corporation’s (EQT’s) partnership interests in EQT Midstream Partners, LP (EQM), a limited partnership formed by EQT to own, operate, acquire and develop midstream assets in the Appalachian Basin.
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