Investment Analysts’ Weekly Ratings Updates for EQT GP (EQGP)

Several analysts have recently updated their ratings and price targets for EQT GP (NYSE: EQGP):

  • 2/12/2018 – EQT GP was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating. They now have a $32.00 price target on the stock, up previously from $29.00.
  • 1/29/2018 – EQT GP was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “EQT GP Holdings, LP is a limited partnership which is engaged in owning, operating, acquiring and developing midstream assets primarily in the Appalachian Basin through its subsidiaries. EQT GP Holdings, LP is based in Pittsburgh, Pennsylvania. “
  • 1/23/2018 – EQT GP is now covered by analysts at Citigroup Inc. They set a “hold” rating and a $32.00 price target on the stock.
  • 1/22/2018 – EQT GP had its “neutral” rating reaffirmed by analysts at Citigroup Inc. They now have a $31.50 price target on the stock.
  • 1/16/2018 – EQT GP was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “EQT GP Holdings, LP is a limited partnership which is engaged in owning, operating, acquiring and developing midstream assets primarily in the Appalachian Basin through its subsidiaries. EQT GP Holdings, LP is based in Pittsburgh, Pennsylvania. “
  • 1/9/2018 – EQT GP is now covered by analysts at Bank of America Corp. They set a “buy” rating on the stock.
  • 1/4/2018 – EQT GP is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $32.00 price target on the stock.
  • 1/3/2018 – EQT GP was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “EQT GP Holdings, LP is a limited partnership which is engaged in owning, operating, acquiring and developing midstream assets primarily in the Appalachian Basin through its subsidiaries. EQT GP Holdings, LP is based in Pittsburgh, Pennsylvania. “
  • 12/14/2017 – EQT GP was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $31.00 price target on the stock.

EQT GP Holdings LP (NYSE:EQGP) traded up $0.36 during trading on Monday, hitting $25.69. The company had a trading volume of 198,821 shares, compared to its average volume of 128,946. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $6,740.00 and a price-to-earnings ratio of 27.33. EQT GP Holdings LP has a one year low of $24.18 and a one year high of $31.76.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 2nd will be paid a $0.244 dividend. This is a positive change from EQT GP’s previous quarterly dividend of $0.23. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Thursday, February 1st. EQT GP’s payout ratio is currently 104.26%.

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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