Somewhat Positive Press Coverage Somewhat Unlikely to Affect EQT GP Holdings, (EQGP) Share Price
Media stories about EQT GP Holdings, (NYSE:EQGP) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. EQT GP Holdings, earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.6410896000616 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
EQGP has been the topic of a number of recent analyst reports. Barclays PLC lowered shares of EQT GP Holdings, from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $32.00 to $30.00 in a research report on Tuesday, July 18th. BidaskClub raised shares of EQT GP Holdings, from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Stifel Nicolaus restated a “hold” rating and set a $28.00 price objective on shares of EQT GP Holdings, in a report on Friday, September 1st. Scotiabank set a $30.00 price objective on shares of EQT GP Holdings, and gave the stock a “hold” rating in a report on Friday, July 21st. Finally, Morgan Stanley restated an “overweight” rating and set a $31.00 price objective (up previously from $30.00) on shares of EQT GP Holdings, in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $31.57.
EQT GP Holdings, (NYSE:EQGP) opened at 28.96 on Friday. The stock has a market cap of $7.71 billion, a P/E ratio of 32.72 and a beta of 1.31. EQT GP Holdings, has a 1-year low of $21.45 and a 1-year high of $29.41. The stock has a 50 day moving average of $28.80 and a 200 day moving average of $28.80.
EQT GP Holdings, (NYSE:EQGP) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $199.00 million for the quarter, compared to analysts’ expectations of $194.49 million. During the same quarter in the prior year, the business earned $1.27 EPS. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts anticipate that EQT GP Holdings, will post $0.95 EPS for the current fiscal year.
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About EQT GP Holdings,
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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