EQT GP Holdings, LP (EQGP) Given Consensus Rating of “Hold” by Analysts
EQT GP Holdings, LP (NYSE:EQGP) has been given a consensus rating of “Hold” by the nine brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $31.67.
Several research analysts recently issued reports on the company. Stifel Nicolaus reissued a “hold” rating and issued a $25.00 price objective on shares of EQT GP Holdings, in a research note on Friday, July 21st. Barclays PLC cut EQT GP Holdings, from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $32.00 to $30.00 in a research note on Tuesday, July 18th. BidaskClub raised EQT GP Holdings, from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Scotiabank set a $30.00 price objective on EQT GP Holdings, and gave the stock a “hold” rating in a research note on Friday, July 21st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $31.00 price objective (up previously from $30.00) on shares of EQT GP Holdings, in a research note on Friday, July 14th.
Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in EQT GP Holdings, by 7.3% during the 1st quarter. JPMorgan Chase & Co. now owns 4,635 shares of the oil and gas company’s stock valued at $127,000 after acquiring an additional 315 shares in the last quarter. Proficio Capital Partners LLC boosted its position in EQT GP Holdings, by 4.2% during the 1st quarter. Proficio Capital Partners LLC now owns 7,989 shares of the oil and gas company’s stock valued at $211,000 after acquiring an additional 320 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in EQT GP Holdings, by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,032 shares of the oil and gas company’s stock valued at $242,000 after acquiring an additional 556 shares in the last quarter. LVW Advisors LLC boosted its position in EQT GP Holdings, by 1.9% during the 1st quarter. LVW Advisors LLC now owns 10,625 shares of the oil and gas company’s stock valued at $291,000 after acquiring an additional 200 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in EQT GP Holdings, during the 2nd quarter valued at $428,000. 10.27% of the stock is currently owned by institutional investors and hedge funds.
EQT GP Holdings, (NYSE EQGP) traded up 0.29% on Tuesday, hitting $28.11. The stock had a trading volume of 6,584 shares. The stock’s 50-day moving average is $27.89 and its 200 day moving average is $27.42. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 31.76 and a beta of 1.31. EQT GP Holdings, has a 1-year low of $21.45 and a 1-year high of $31.76.
EQT GP Holdings, (NYSE:EQGP) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. EQT GP Holdings, had a return on equity of 11.72% and a net margin of 30.65%. The company had revenue of $199 million for the quarter, compared to analysts’ expectations of $194.49 million. During the same quarter in the prior year, the firm earned $1.27 earnings per share. EQT GP Holdings,’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts predict that EQT GP Holdings, will post $0.95 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Friday, August 4th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Wednesday, August 2nd. This is a boost from EQT GP Holdings,’s previous quarterly dividend of $0.19. EQT GP Holdings,’s dividend payout ratio (DPR) is 94.38%.
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.
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