Separately, Zacks Investment Research cut shares of EQT GP Holdings from a hold rating to a strong sell rating in a research report on Tuesday, July 26th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $28.44.
EQT GP Holdings (NYSE:EQGP) traded up 0.08% during trading on Friday, reaching $24.50. 36,786 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $25.34 and a 200-day moving average price of $25.29. EQT GP Holdings has a 12 month low of $17.39 and a 12 month high of $27.95. The firm has a market cap of $6.52 billion, a PE ratio of 35.25 and a beta of 1.30.
EQT GP Holdings (NYSE:EQGP) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $172 million for 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 revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 EPS. On average, analysts forecast that EQT GP Holdings will post $0.75 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the stock. Signaturefd LLC boosted its stake in shares of 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 purchased a new stake in shares of EQT GP Holdings during the first quarter worth about $219,000. Alps Advisors Inc. purchased a new stake in shares of EQT GP Holdings during the second quarter worth about $239,000. Avalon Advisors LLC purchased a new stake in shares of EQT GP Holdings during the first quarter worth about $253,000. Finally, Hollencrest Securities LLC purchased a new stake in shares of EQT GP Holdings during the second quarter worth about $339,000. 10.14% of the stock is currently owned by institutional investors.
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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