Wall Street analysts expect that EQT GP Holdings, LP (NYSE:EQGP) will report $0.28 earnings per share (EPS) for the current fiscal quarter, according to Zacks. 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 reported earnings of $0.22 per share in the same quarter last year, which would indicate a positive year over year growth rate of 27.3%. The firm is scheduled to issue 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 fiscal year, with EPS estimates ranging from $0.98 to $1.08. For the next fiscal year, analysts expect that the business will report earnings of $1.17 per share, with EPS estimates ranging from $1.10 to $1.25. Zacks’ EPS averages are an average based on a survey of analysts that follow EQT GP.

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

EQGP has been the subject of a number of analyst reports. J P Morgan Chase & Co raised shares of EQT GP from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Thursday. Royal Bank of Canada reissued a “buy” rating and set a $37.00 target price on shares of EQT GP in a research note on Tuesday, October 10th. BidaskClub lowered shares of EQT GP from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 25th. Scotiabank reissued a “hold” rating and set a $32.00 target price on shares of EQT GP in a research note on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of EQT GP from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $32.44.

EQT GP (NYSE:EQGP) traded down $0.13 during trading on Tuesday, reaching $26.15. 60,300 shares of the company’s stock were exchanged, compared to its average volume of 103,078. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $6,944.25, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19. EQT GP has a 52-week low of $23.08 and a 52-week high of $31.76.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Friday, November 3rd were paid a $0.228 dividend. This is a positive change from EQT GP’s previous quarterly dividend of $0.21. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Thursday, November 2nd. EQT GP’s dividend payout ratio is currently 96.81%.

Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of EQT GP by 0.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,675 shares of the oil and gas company’s stock worth $141,000 after acquiring an additional 40 shares during the period. Alps Advisors Inc. lifted its stake in shares of EQT GP by 1.4% in the 2nd quarter. Alps Advisors Inc. now owns 28,005 shares of the oil and gas company’s stock worth $844,000 after acquiring an additional 378 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of EQT GP by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,032 shares of the oil and gas company’s stock worth $242,000 after acquiring an additional 556 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of EQT GP by 1.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 52,328 shares of the oil and gas company’s stock worth $1,578,000 after acquiring an additional 650 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of EQT GP by 3.3% in the 2nd quarter. Franklin Resources Inc. now owns 26,640 shares of the oil and gas company’s stock worth $803,000 after acquiring an additional 840 shares during the period. 10.19% of the stock is owned by institutional investors.

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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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