EQT GP Holdings, LP (NYSE:EQGP) Given Consensus Rating of “Hold” by Analysts
Shares of EQT GP Holdings, LP (NYSE:EQGP) have received a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One 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 average twelve-month price target among analysts that have issued a report on the stock in the last year is $31.17.
A number of equities research analysts have issued reports on the stock. BidaskClub lowered shares of EQT GP Holdings, from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Barclays PLC cut shares of EQT GP Holdings, from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $32.00 to $30.00 in a research report on Tuesday, July 18th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 target price on shares of EQT GP Holdings, in a research report on Friday, July 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $31.00 target price (up from $30.00) on shares of EQT GP Holdings, in a research report on Friday, July 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $36.00 target price on shares of EQT GP Holdings, in a research report on Thursday, April 13th.
Shares of EQT GP Holdings, (EQGP) traded up 1.11% during trading on Friday, hitting $27.21. 18,221 shares of the stock traded hands. The company has a 50 day moving average price of $28.89 and a 200 day moving average price of $27.47. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 30.75 and a beta of 1.31. EQT GP Holdings, has a 12 month low of $21.45 and a 12 month high of $31.76.
EQT GP Holdings, (NYSE:EQGP) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $199 million for the quarter, compared to analyst estimates of $194.49 million. EQT GP Holdings, had a net margin of 30.65% and a return on equity of 11.72%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 EPS. Analysts anticipate that EQT GP Holdings, will post $0.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Friday, August 4th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.12%. This is a boost from EQT GP Holdings,’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, August 2nd. EQT GP Holdings,’s dividend payout ratio (DPR) is currently 94.38%.
Large investors have recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its stake in EQT GP Holdings, by 20.4% in the first quarter. Neuberger Berman Group LLC now owns 6,038,316 shares of the oil and gas company’s stock valued at $165,329,000 after buying an additional 1,021,156 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in EQT GP Holdings, during the second quarter valued at approximately $3,041,000. Bank of Montreal Can boosted its stake in 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 in the last quarter. Chickasaw Capital Management LLC boosted its stake in EQT GP Holdings, by 2.2% in the first quarter. Chickasaw Capital Management LLC now owns 3,361,427 shares of the oil and gas company’s stock valued at $92,036,000 after buying an additional 71,536 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in EQT GP Holdings, during the first quarter valued at approximately $1,578,000. 10.89% of the stock is owned by hedge funds and other institutional investors.
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.
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.