EQT GP Holdings, LP (NYSE:EQGP)‘s stock had its “hold” rating restated by investment analysts at Stifel Nicolaus in a report issued on Friday. They presently have a $25.00 price objective on the oil and gas company’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 11.91% from the stock’s current price.

EQGP has been the topic of several other research reports. Scotiabank reiterated a “hold” rating and issued a $30.00 price target on shares of EQT GP Holdings, in a report on Friday, March 24th. Morgan Stanley reiterated an “overweight” rating and issued a $31.00 price target (up previously from $30.00) on shares of EQT GP Holdings, in a report on Friday, July 14th. BidaskClub lowered EQT GP Holdings, from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $36.00 price target on shares of EQT GP Holdings, in a report on Thursday, April 13th. Finally, Barclays PLC lowered EQT GP Holdings, from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $32.00 to $30.00 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $31.14.

Shares of EQT GP Holdings, (EQGP) traded up 0.07% during midday trading on Friday, reaching $28.38. The company had a trading volume of 121,108 shares. The stock has a market capitalization of $7.55 billion, a PE ratio of 33.83 and a beta of 1.33. EQT GP Holdings, has a 12-month low of $21.45 and a 12-month high of $31.76. The stock’s 50 day moving average is $27.83 and its 200-day moving average is $27.29.

EQT GP Holdings, (NYSE:EQGP) last announced its quarterly earnings results on Thursday, April 27th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $203.40 million for the quarter, compared to analyst estimates of $201.54 million. EQT GP Holdings, had a return on equity of 11.39% and a net margin of 30.13%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. On average, equities research analysts predict that EQT GP Holdings, will post $0.90 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was originally published by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/07/21/eqt-gp-holdingss-nyseeqgp-hold-rating-reaffirmed-at-stifel-nicolaus.html.

Several hedge funds have recently modified their holdings of EQGP. Bank of Montreal Can increased its stake in shares of EQT GP Holdings, by 60.8% in the second quarter. Bank of Montreal Can now owns 246,000 shares of the oil and gas company’s stock valued at $7,417,000 after buying an additional 93,000 shares during the period. Proficio Capital Partners LLC increased its stake in shares of EQT GP Holdings, by 4.2% in the first quarter. Proficio Capital Partners LLC now owns 7,989 shares of the oil and gas company’s stock valued at $211,000 after buying an additional 320 shares during the period. Driehaus Capital Management LLC bought a new stake in shares of EQT GP Holdings, during the first quarter valued at approximately $1,578,000. HighTower Advisors LLC bought a new stake in shares of EQT GP Holdings, during the first quarter valued at approximately $819,000. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of EQT GP Holdings, by 1.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 950,584 shares of the oil and gas company’s stock valued at $26,027,000 after buying an additional 12,774 shares during the period. 10.91% of the stock is owned by hedge funds and other institutional investors.

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 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.

Analyst Recommendations for EQT GP Holdings, (NYSE:EQGP)

Receive News & Ratings for EQT GP Holdings LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT GP Holdings LP and related companies with MarketBeat.com's FREE daily email newsletter.