EQT GP Holdings (EQGP) Getting Positive News Coverage, Study Shows
News stories about EQT GP Holdings (NYSE:EQGP) have trended positive on Monday, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. EQT GP Holdings earned a coverage optimism score of 0.31 on AlphaOne’s scale. AlphaOne also gave press coverage about the oil and gas company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Alpha One Sentiment Analysis’s scoring:
- $205.78 Million in Sales Expected for EQT GP Holdings LP (EQGP) This Quarter (americanbankingnews.com)
- EQT GP Holdings’ (EQGP) CEO Steve Schlotterbeck on Q1 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Brokerages Expect EQT GP Holdings LP (EQGP) to Post $0.22 EPS (americanbankingnews.com)
- EQT GP Holdings (EQGP) Receiving Somewhat Positive Press Coverage, Report Finds (americanbankingnews.com)
- EQT GP Holdings LP (EQGP) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS (americanbankingnews.com)
EQGP has been the subject of several analyst reports. Janney Montgomery Scott initiated coverage on EQT GP Holdings in a report on Thursday, January 26th. They issued a “buy” rating and a $35.00 price objective for the company. Royal Bank of Canada raised their price objective on EQT GP Holdings from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Zacks Investment Research upgraded EQT GP Holdings from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Monday, February 13th. Morgan Stanley upgraded EQT GP Holdings from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a report on Tuesday, February 14th. Finally, Scotiabank restated a “hold” rating and issued a $30.00 price objective on shares of EQT GP Holdings in a report on Friday, March 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $32.60.
EQT GP Holdings (NYSE:EQGP) traded up 0.077% during trading on Monday, reaching $27.191. The company had a trading volume of 1,847 shares. The company has a 50-day moving average price of $27.18 and a 200 day moving average price of $25.98. EQT GP Holdings has a one year low of $21.45 and a one year high of $28.53. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 32.447 and a beta of 1.42.
EQT GP Holdings (NYSE:EQGP) last posted its earnings results on Thursday, April 27th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. EQT GP Holdings had a net margin of 29.55% and a return on equity of 11.43%. The business had revenue of $203.40 million for the quarter, compared to analysts’ expectations of $201.54 million. During the same period in the prior year, the company posted $0.19 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts expect that EQT GP Holdings will post $0.89 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Shareholders of record on Friday, May 5th will be paid a $0.191 dividend. The ex-dividend date is Wednesday, May 3rd. This is a boost from EQT GP Holdings’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.81%. EQT GP Holdings’s dividend payout ratio is currently 88.75%.
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About EQT GP Holdings
EQT GP Holdings, LP (EQGP) is a limited partnership company and subsidiary of EQT Gathering Holdings, LLC (EQT Gathering Holdings). The Company was 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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