Somewhat Positive Press Coverage Somewhat Unlikely to Impact EQT GP Holdings, (EQGP) Stock Price
News articles about EQT GP Holdings, (NYSE:EQGP) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. EQT GP Holdings, earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 45.6997744300646 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of EQT GP Holdings, (EQGP) opened at 29.72 on Friday. The stock’s 50 day moving average is $29.01 and its 200 day moving average is $29.01. The firm has a market cap of $7.91 billion, a PE ratio of 33.58 and a beta of 1.31. EQT GP Holdings, has a 12 month low of $21.45 and a 12 month high of $30.65.
EQT GP Holdings, (NYSE:EQGP) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. The firm had revenue of $199.00 million for the quarter, compared to analyst estimates of $194.49 million. EQT GP Holdings, had a return on equity of 11.72% and a net margin of 30.65%. EQT GP Holdings,’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 EPS. On average, analysts anticipate that EQT GP Holdings, will post $0.94 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on EQGP. Barclays PLC cut shares of EQT GP Holdings, from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $32.00 to $30.00 in a research report on Tuesday, July 18th. BidaskClub cut shares of EQT GP Holdings, from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus reissued a “hold” rating and set a $28.00 price target on shares of EQT GP Holdings, in a research report on Friday, September 1st. Scotiabank set a $30.00 price target on shares of EQT GP Holdings, and gave the stock a “hold” rating in a research report on Friday, July 21st. Finally, Morgan Stanley reissued an “overweight” rating and set a $31.00 price target (up previously from $30.00) on shares of EQT GP Holdings, in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. EQT GP Holdings, has a consensus rating of “Hold” and an average target price of $32.00.
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.
Receive News & Stock Ratings for EQT GP Holdings LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT GP Holdings LP and related stocks with our FREE daily email newsletter.