EQT GP (NYSE:EQGP) was downgraded by investment analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday.
A number of other equities research analysts have also recently weighed in on EQGP. BidaskClub cut shares of EQT GP from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 25th. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of EQT GP in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of EQT GP from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Monday, October 30th. JPMorgan Chase & Co. upgraded shares of EQT GP from a “neutral” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Thursday, December 14th. Finally, Credit Suisse Group started coverage on shares of EQT GP in a research note on Thursday, January 4th. They set an “outperform” rating and a $32.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $31.55.
Shares of EQT GP (EQGP) opened at $24.16 on Tuesday. EQT GP has a one year low of $23.98 and a one year high of $31.76. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.54. The firm has a market cap of $6,710.02, a PE ratio of 25.20, a P/E/G ratio of 1.22 and a beta of 1.15.
EQT GP (NYSE:EQGP) last issued its quarterly earnings data on Thursday, February 15th. The oil and gas company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). EQT GP had a net margin of 31.41% and a return on equity of 12.52%. The company had revenue of $224.51 million for the quarter. research analysts predict that EQT GP will post 1.15 EPS for the current year.
A number of institutional investors have recently modified their holdings of the business. Chickasaw Capital Management LLC raised its position in EQT GP by 3.8% in the fourth quarter. Chickasaw Capital Management LLC now owns 3,313,307 shares of the oil and gas company’s stock worth $89,128,000 after acquiring an additional 121,868 shares in the last quarter. Jennison Associates LLC raised its position in EQT GP by 8.0% in the fourth quarter. Jennison Associates LLC now owns 877,764 shares of the oil and gas company’s stock worth $23,612,000 after acquiring an additional 65,310 shares in the last quarter. ING Groep NV raised its position in EQT GP by 82.0% in the third quarter. ING Groep NV now owns 546,000 shares of the oil and gas company’s stock worth $15,812,000 after acquiring an additional 246,000 shares in the last quarter. Duff & Phelps Investment Management Co. raised its position in EQT GP by 13.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 429,100 shares of the oil and gas company’s stock worth $12,427,000 after acquiring an additional 51,000 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC bought a new stake in EQT GP in the fourth quarter worth about $3,140,000. Hedge funds and other institutional investors own 10.24% of the company’s stock.
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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