EQT GP Holdings LP (NYSE:EQGP) Receives $28.50 Consensus Price Target from Analysts
EQT GP Holdings LP (NYSE:EQGP) has been assigned a consensus rating of “Buy” from the ten brokerages that are currently covering the firm. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $28.50.
Separately, Zacks Investment Research upgraded shares of EQT GP Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 12th.
Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in EQT GP Holdings by 3.1% in the second quarter. Signaturefd LLC now owns 6,725 shares of the company’s stock worth $171,000 after buying an additional 200 shares during the last quarter. LVW Advisors LLC bought a new stake in EQT GP Holdings during the first quarter worth about $219,000. Alps Advisors Inc. bought a new stake in EQT GP Holdings during the second quarter worth about $239,000. Avalon Advisors LLC bought a new stake in EQT GP Holdings during the first quarter worth about $253,000. Finally, Hollencrest Securities LLC bought a new stake in EQT GP Holdings during the second quarter worth about $339,000. Hedge funds and other institutional investors own 10.14% of the company’s stock.
Shares of EQT GP Holdings (NYSE:EQGP) opened at 25.99 on Tuesday. The firm’s 50-day moving average is $25.41 and its 200-day moving average is $25.21. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 37.40 and a beta of 1.30. EQT GP Holdings has a 12-month low of $17.39 and a 12-month high of $28.25.
EQT GP Holdings (NYSE:EQGP) last announced its earnings results on Thursday, July 28th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The company earned $172 million during the quarter, compared to analysts’ expectations of $171.03 million. EQT GP Holdings had a net margin of 27.71% and a return on equity of 11.98%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 earnings per share. Equities research analysts forecast that EQT GP Holdings will post $0.75 EPS for the current fiscal year.
EQT GP Holdings Company Profile
EQT GP Holdings, LP (EQGP) is a limited partnership company and subsidiary of EQT Gathering Holdings, LLC (EQT Gathering Holdings). The Company is 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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