EQT GP Holdings, LP (NYSE:EQGP)‘s stock had its “hold” rating restated by stock analysts at Scotiabank in a research note issued on Wednesday. They currently have a $32.00 target price on the oil and gas company’s stock. Scotiabank’s target price suggests a potential upside of 7.06% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Barclays PLC lowered EQT GP Holdings, from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $32.00 to $30.00 in a research note on Tuesday, July 18th. BidaskClub lowered EQT GP Holdings, from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $28.00 target price on shares of EQT GP Holdings, in a research report on Friday, September 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $31.00 target price (up from $30.00) on shares of EQT GP Holdings, in a report on Friday, July 14th. 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’s stock. EQT GP Holdings, has a consensus rating of “Hold” and an average price target of $31.86.

Shares of EQT GP Holdings, (NYSE EQGP) traded down 1.52% during mid-day trading on Wednesday, hitting $29.89. The stock had a trading volume of 70,050 shares. EQT GP Holdings, has a 12-month low of $21.45 and a 12-month high of $30.65. The firm has a market cap of $7.96 billion, a P/E ratio of 33.77 and a beta of 1.31. The company has a 50 day moving average price of $28.88 and a 200 day moving average price of $28.88.

EQT GP Holdings, (NYSE:EQGP) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.05. The company had revenue of $199.00 million for the quarter, compared to analysts’ expectations of $194.49 million. EQT GP Holdings, had a return on equity of 11.72% and a net margin of 30.65%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.27 earnings per share. Equities analysts forecast that EQT GP Holdings, will post $0.94 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in EQT GP Holdings, by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,675 shares of the oil and gas company’s stock valued at $141,000 after purchasing an additional 40 shares during the period. Proficio Capital Partners LLC lifted its holdings 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 purchasing an additional 320 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of EQT GP Holdings, by 1.4% in the second quarter. Alps Advisors Inc. now owns 28,005 shares of the oil and gas company’s stock valued at $844,000 after purchasing an additional 378 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of EQT GP Holdings, by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 8,032 shares of the oil and gas company’s stock valued at $242,000 after purchasing an additional 556 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of EQT GP Holdings, by 1.3% in the second quarter. PNC Financial Services Group Inc. now owns 52,328 shares of the oil and gas company’s stock valued at $1,578,000 after purchasing an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 10.27% of the company’s stock.

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.

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

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