Zacks: Analysts Anticipate EQT GP Holdings LP (EQGP) to Post $0.27 Earnings Per Share

Equities research analysts predict that EQT GP Holdings LP (NYSE:EQGP) will announce earnings of $0.27 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for EQT GP’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.29. EQT GP reported earnings per share of $0.23 during the same quarter last year, which suggests a positive year-over-year growth rate of 17.4%. The company is scheduled to report its next quarterly earnings report on Thursday, April 26th.

According to Zacks, analysts expect that EQT GP will report full-year earnings of $1.11 per share for the current financial year, with EPS estimates ranging from $1.08 to $1.18. For the next year, analysts expect that the business will post earnings of $1.54 per share, with EPS estimates ranging from $1.09 to $1.81. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow EQT GP.

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EQT GP (NYSE:EQGP) last released its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). The company had revenue of $224.51 million for the quarter. EQT GP had a return on equity of 12.52% and a net margin of 31.41%.

Several research firms have weighed in on EQGP. Seaport Global Securities raised EQT GP from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $27.00 to $26.00 in a research report on Monday. ValuEngine downgraded EQT GP from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Bank of America downgraded EQT GP from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 21st. Zacks Investment Research raised EQT GP from a “sell” rating to a “hold” rating in a research report on Friday, March 16th. Finally, Morgan Stanley dropped their price target on EQT GP from $30.00 to $28.00 and set an “overweight” rating for the company in a research report on Friday, March 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $30.27.

EQT GP stock traded down $0.43 during mid-day trading on Monday, hitting $22.07. 199,039 shares of the company were exchanged, compared to its average volume of 140,450. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market capitalization of $5,988.71, a price-to-earnings ratio of 22.52, a PEG ratio of 1.12 and a beta of 1.25. EQT GP has a 12-month low of $21.05 and a 12-month high of $31.76.

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of EQT GP in the third quarter valued at $245,000. JPMorgan Chase & Co. grew its position in shares of EQT GP by 112.4% in the third quarter. JPMorgan Chase & Co. now owns 9,928 shares of the oil and gas company’s stock valued at $287,000 after purchasing an additional 5,253 shares during the period. Raymond James & Associates grew its position in shares of EQT GP by 199.2% in the fourth quarter. Raymond James & Associates now owns 25,477 shares of the oil and gas company’s stock valued at $685,000 after purchasing an additional 16,962 shares during the period. MAI Capital Management grew its position in shares of EQT GP by 19.4% in the fourth quarter. MAI Capital Management now owns 26,878 shares of the oil and gas company’s stock valued at $723,000 after purchasing an additional 4,376 shares during the period. Finally, Cypress Wealth Advisors LLC purchased a new stake in shares of EQT GP in the fourth quarter valued at $940,000. 10.05% of the stock is owned by institutional investors and hedge funds.

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About EQT GP

EQT GP Holdings LP owns the general partner interest, incentive distribution rights, and portion of limited partnert interests in EQT Midstream Partners, LP. The company was founded in January 2015 and is headquartered in Pittsburgh, PA.

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