EQT GP Holdings, LP (EQGP) Expected to Post Earnings of $0.28 Per Share
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.
TRADEMARK VIOLATION WARNING: This piece of content was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/12/15/eqt-gp-holdings-lp-eqgp-expected-to-post-earnings-of-0-28-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for EQT GP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT GP and related companies with MarketBeat.com's FREE daily email newsletter.