Shares of EQT GP Holdings LP (NYSE:EQGP) hit a new 52-week low on Thursday . The stock traded as low as $19.51 and last traded at $19.63, with a volume of 2387 shares trading hands. The stock had previously closed at $19.71.

Several brokerages recently weighed in on EQGP. Morgan Stanley reduced their target price on shares of EQT GP from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, July 13th. Barclays cut their price objective on shares of EQT GP from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 11th. Jefferies Financial Group started coverage on shares of EQT GP in a report on Wednesday, July 25th. They set a “hold” rating and a $22.00 price objective on the stock. Zacks Investment Research cut shares of EQT GP from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. Finally, ValuEngine raised shares of EQT GP from a “strong sell” rating to a “sell” rating in a report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $26.77.

The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $6.30 billion, a PE ratio of 20.47 and a beta of 1.12.

EQT GP (NYSE:EQGP) last announced its earnings results on Thursday, July 26th. The oil and gas company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $269.76 million for the quarter. EQT GP had a net margin of 33.16% and a return on equity of 12.65%. Analysts forecast that EQT GP Holdings LP will post 1.34 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in EQGP. Susquehanna Fundamental Investments LLC purchased a new position in shares of EQT GP during the first quarter worth approximately $215,000. Parkside Financial Bank & Trust purchased a new position in EQT GP in the 3rd quarter valued at $226,000. Mariner LLC purchased a new position in EQT GP in the 1st quarter valued at $261,000. PEAK6 Investments L.P. purchased a new position in EQT GP in the 2nd quarter valued at $326,000. Finally, Lake Street Advisors Group LLC purchased a new position in EQT GP in the 2nd quarter valued at $548,000. Institutional investors and hedge funds own 9.05% of the company’s stock.

About EQT GP (NYSE:EQGP)

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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