Brokerages Expect EQT GP Holdings LP (EQGP) Will Announce Earnings of $0.32 Per Share

Equities analysts expect EQT GP Holdings LP (NYSE:EQGP) to announce earnings of $0.32 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for EQT GP’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.41. EQT GP posted earnings of $0.26 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 23.1%. The business is expected to issue its next quarterly earnings results on Thursday, February 21st.

According to Zacks, analysts expect that EQT GP will report full-year earnings of $1.28 per share for the current year, with EPS estimates ranging from $1.19 to $1.46. For the next fiscal year, analysts forecast that the firm will post earnings of $1.33 per share, with EPS estimates ranging from $0.87 to $1.61. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for EQT GP.

EQT GP (NYSE:EQGP) last released its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The company had revenue of $364.58 million during the quarter, compared to the consensus estimate of $361.93 million. EQT GP had a net margin of 30.96% and a return on equity of 10.93%.

Several equities research analysts have issued reports on EQGP shares. Stifel Nicolaus started coverage on EQT GP in a report on Tuesday, September 18th. They issued a “hold” rating and a $22.00 price target for the company. Credit Suisse Group started coverage on EQT GP in a report on Thursday, October 11th. They issued a “neutral” rating and a $24.00 price target for the company. ValuEngine downgraded EQT GP from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 23rd. Morgan Stanley lowered their price target on EQT GP from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, August 17th. Finally, Wells Fargo & Co lowered their price target on EQT GP from $28.00 to $26.00 and set a “market perform” rating for the company in a report on Monday, July 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. EQT GP currently has a consensus rating of “Hold” and a consensus target price of $26.08.

Shares of EQT GP stock opened at $16.17 on Friday. EQT GP has a 1 year low of $15.36 and a 1 year high of $30.73. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 16.50 and a beta of 1.43. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.69.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Friday, November 2nd will be given a dividend of $0.315 per share. This is a boost from EQT GP’s previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a dividend yield of 7.79%. The ex-dividend date of this dividend is Thursday, November 1st. EQT GP’s dividend payout ratio is currently 128.57%.

Hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust acquired a new position in shares of EQT GP during the third quarter worth about $226,000. PEAK6 Investments L.P. acquired a new position in shares of EQT GP during the second quarter worth about $326,000. First Trust Advisors LP acquired a new position in shares of EQT GP during the third quarter worth about $361,000. Lake Street Advisors Group LLC acquired a new position in shares of EQT GP during the second quarter worth about $548,000. Finally, Conning Inc. boosted its position in shares of EQT GP by 132.6% during the second quarter. Conning Inc. now owns 30,034 shares of the oil and gas company’s stock worth $706,000 after buying an additional 17,122 shares during the period. 8.94% of the stock is owned by institutional investors.

EQT GP Company Profile

EQT GP Holdings, LP owns, operates, acquires, and develops midstream energy assets in the Appalachian Basin through owning partnership interests in EQT Midstream Partners, LP (EQM). The company operates in two segments, Gathering and Transmission. EQM offers natural gas transmission, storage, and gathering services to various third parties in Pennsylvania, West Virginia, and Ohio.

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Earnings History and Estimates for EQT GP (NYSE:EQGP)

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