Wolfe Research assumed coverage on shares of EQT GP Holdings LP (NYSE:EQGP) in a report published on Friday. The brokerage issued an outperform rating on the stock.

Separately, Zacks Investment Research upgraded EQT GP Holdings from a hold rating to a buy rating and set a $28.00 price objective for the company in a research report on Tuesday, August 2nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $28.44.

EQT GP Holdings (NYSE:EQGP) traded up 0.08% during midday trading on Friday, reaching $24.50. The company’s stock had a trading volume of 36,786 shares. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 35.25 and a beta of 1.30. The stock’s 50-day moving average price is $25.34 and its 200-day moving average price is $25.29. EQT GP Holdings has a 12 month low of $17.39 and a 12 month high of $27.95.

EQT GP Holdings (NYSE:EQGP) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm earned $172 million during the quarter, compared to analyst estimates of $171.03 million. EQT GP Holdings had a return on equity of 11.98% and a net margin of 27.71%. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the company posted $1.12 EPS. Analysts predict that EQT GP Holdings will post $0.75 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. Signaturefd LLC increased its position in EQT GP Holdings by 3.1% in the second quarter. Signaturefd LLC now owns 6,725 shares of the company’s stock valued at $171,000 after buying an additional 200 shares during the last quarter. LVW Advisors LLC acquired a new position in EQT GP Holdings during the first quarter valued at approximately $219,000. Alps Advisors Inc. acquired a new position in EQT GP Holdings during the second quarter valued at approximately $239,000. Avalon Advisors LLC acquired a new position in EQT GP Holdings during the first quarter valued at approximately $253,000. Finally, Hollencrest Securities LLC acquired a new position in EQT GP Holdings during the second quarter valued at approximately $339,000. 10.14% of the stock is currently owned by hedge funds and other 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.

5 Day Chart for NYSE:EQGP

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