Equities research analysts predict that EQT GP Holdings LP (NYSE:EQGP) will post earnings of $0.28 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for EQT GP’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.27. EQT GP reported earnings per share of $0.22 in the same quarter last year, which would suggest a positive year-over-year growth rate of 27.3%. The business is expected to announce its next earnings results on Thursday, February 1st.

On average, analysts expect that EQT GP will report full year earnings of $1.01 per share for the current financial year, with EPS estimates ranging from $0.98 to $1.08. For the next financial year, analysts anticipate that the company will report earnings of $1.17 per share, with EPS estimates ranging from $1.10 to $1.25. Zacks’ EPS calculations are an average based on a survey of analysts that follow EQT GP.

EQT GP (NYSE:EQGP) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $0.25 EPS for the quarter, topping the consensus estimate 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%.

Several research analysts have recently issued reports on EQGP shares. Scotiabank restated a “hold” rating and issued a $32.00 target price on shares of EQT GP in a report on Wednesday, October 4th. Royal Bank of Canada restated a “buy” rating and issued a $37.00 target price on shares of EQT GP in a report on Tuesday, October 10th. Seaport Global Securities started coverage on shares of EQT GP in a report on Tuesday, October 10th. They issued a “buy” rating and a $37.00 target price on the stock. BidaskClub cut shares of EQT GP from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 25th. Finally, Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of EQT GP in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $32.40.

EQT GP (NYSE EQGP) opened at $29.55 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.52. EQT GP has a fifty-two week low of $24.18 and a fifty-two week high of $31.76. The stock has a market cap of $7,865.18, a P/E ratio of 31.44, a PEG ratio of 1.40 and a beta of 1.19.

Several institutional investors have recently modified their holdings of EQGP. JPMorgan Chase & Co. boosted its holdings in EQT GP by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 4,675 shares of the oil and gas company’s stock valued at $141,000 after acquiring an additional 40 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in EQT GP 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 acquiring an additional 556 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in EQT GP 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 acquiring an additional 650 shares in the last quarter. Franklin Resources Inc. boosted its holdings in EQT GP by 3.3% in the second quarter. Franklin Resources Inc. now owns 26,640 shares of the oil and gas company’s stock valued at $803,000 after acquiring an additional 840 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its holdings in EQT GP by 8.7% in the third quarter. Catalyst Capital Advisors LLC now owns 27,482 shares of the oil and gas company’s stock valued at $796,000 after acquiring an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 10.19% of the company’s stock.

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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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