Stifel Nicolaus Reaffirms “Hold” Rating for EQT GP Holdings, LP (EQGP)
Stifel Nicolaus reiterated their hold rating on shares of EQT GP Holdings, LP (NYSE:EQGP) in a research note issued to investors on Friday morning. They currently have a $28.00 price objective on the oil and gas company’s stock.
Several other analysts have also recently weighed in on the stock. BidaskClub raised shares of EQT GP Holdings, from a strong sell rating to a sell rating in a research note on Saturday, August 26th. Scotiabank set a $30.00 price objective on shares of EQT GP Holdings, and gave the stock a hold rating in a research report on Friday, July 21st. Barclays PLC cut shares of EQT GP Holdings, from an overweight rating to an equal weight rating and lowered their price objective for the stock from $32.00 to $30.00 in a research report on Tuesday, July 18th. Finally, Morgan Stanley reaffirmed an overweight rating and set a $31.00 price objective (up previously from $30.00) on shares of EQT GP Holdings, in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $31.57.
EQT GP Holdings, (NYSE:EQGP) opened at 28.03 on Friday. The firm’s 50 day moving average price is $27.89 and its 200 day moving average price is $27.42. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 31.67 and a beta of 1.31. EQT GP Holdings, has a 12 month low of $21.45 and a 12 month high of $31.76.
EQT GP Holdings, (NYSE:EQGP) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. EQT GP Holdings, had a net margin of 30.65% and a return on equity of 11.72%. The business had revenue of $199 million during the quarter, compared to analysts’ expectations of $194.49 million. During the same quarter in the prior year, the company posted $1.27 EPS. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities research analysts predict that EQT GP Holdings, will post $0.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Friday, August 4th were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, August 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.00%. This is a boost from EQT GP Holdings,’s previous quarterly dividend of $0.19. EQT GP Holdings,’s dividend payout ratio (DPR) is presently 94.38%.
Several large investors have recently bought and sold shares of EQGP. The Manufacturers Life Insurance Company boosted its position in EQT GP Holdings, 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 valued at $242,000 after buying an additional 556 shares during the period. NBW Capital LLC boosted its position in EQT GP Holdings, by 3.6% in the 2nd quarter. NBW Capital LLC now owns 296,927 shares of the oil and gas company’s stock valued at $8,952,000 after buying an additional 10,442 shares during the period. Citadel Advisors LLC purchased a new position in EQT GP Holdings, in the 2nd quarter valued at approximately $428,000. Citigroup Inc. boosted its position in EQT GP Holdings, by 54.1% in the 2nd quarter. Citigroup Inc. now owns 31,199 shares of the oil and gas company’s stock valued at $942,000 after buying an additional 10,959 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in EQT GP Holdings, 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 valued at $1,578,000 after buying an additional 650 shares during the period. 10.27% of the stock is 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 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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