Wall Street analysts expect that EQT GP Holdings, LP (NYSE:EQGP) will report earnings of $0.28 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for EQT GP’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.27. EQT GP posted earnings of $0.22 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 27.3%. The firm is expected to announce its next earnings report on Thursday, February 1st.

On average, analysts expect that EQT GP will report full-year earnings of $1.01 per share for the current year, with EPS estimates ranging from $0.98 to $1.08. For the next financial year, analysts forecast that the firm will post earnings of $1.17 per share, with EPS estimates ranging from $1.10 to $1.25. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover EQT GP.

EQT GP (NYSE:EQGP) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $207.19 million for the quarter. EQT GP had a net margin of 30.98% and a return on equity of 12.14%.

EQGP has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of EQT GP from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Monday, October 30th. Seaport Global Securities initiated coverage on shares of EQT GP in a research note on Tuesday, October 10th. They set a “buy” rating and a $37.00 price objective on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $37.00 price objective on shares of EQT GP in a research note on Tuesday, October 10th. Scotiabank reiterated a “hold” rating and set a $32.00 price objective on shares of EQT GP in a research note on Wednesday, October 4th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $28.00 price objective on shares of EQT GP in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. EQT GP has a consensus rating of “Buy” and a consensus price target of $32.63.

A number of large investors have recently bought and sold shares of EQGP. Neuberger Berman Group LLC raised its holdings in EQT GP by 8.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 6,558,667 shares of the oil and gas company’s stock worth $197,744,000 after purchasing an additional 520,351 shares during the last quarter. ING Groep NV raised its holdings in EQT GP by 82.0% during the 3rd quarter. ING Groep NV now owns 546,000 shares of the oil and gas company’s stock worth $15,812,000 after purchasing an additional 246,000 shares during the last quarter. Duff & Phelps Investment Management Co. raised its holdings in EQT GP by 13.5% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 429,100 shares of the oil and gas company’s stock worth $12,427,000 after purchasing an additional 51,000 shares during the last quarter. NBW Capital LLC raised its holdings in EQT GP by 3.6% during the 2nd quarter. NBW Capital LLC now owns 296,927 shares of the oil and gas company’s stock worth $8,952,000 after purchasing an additional 10,442 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in EQT GP by 10.7% during the 3rd quarter. Wells Fargo & Company MN now owns 105,815 shares of the oil and gas company’s stock worth $3,064,000 after purchasing an additional 10,250 shares during the last quarter. Institutional investors and hedge funds own 10.19% of the company’s stock.

Shares of EQT GP (EQGP) opened at $25.59 on Tuesday. The stock has a market cap of $6,787.21, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.89 and a current ratio of 0.89. EQT GP has a one year low of $23.08 and a one year high of $31.76.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Friday, November 3rd were given a dividend of $0.228 per share. The ex-dividend date was Thursday, November 2nd. This is an increase from EQT GP’s previous quarterly dividend of $0.21. This represents a $0.91 annualized dividend and a yield of 3.56%. EQT GP’s dividend payout ratio (DPR) is currently 96.81%.

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EQT GP 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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