Royal Bank Of Canada reaffirmed their buy rating on shares of EQT GP Holdings, LP (NYSE:EQGP) in a research note released on Tuesday morning. Royal Bank Of Canada currently has a $37.00 price objective on the oil and gas company’s stock.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus reaffirmed a hold rating and issued a $25.00 price target on shares of EQT GP Holdings, in a research note on Friday, July 21st. Barclays PLC downgraded 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 note on Tuesday, July 18th. BidaskClub raised shares of EQT GP Holdings, from a sell rating to a hold rating in a research note on Friday, June 30th. Scotiabank set a $30.00 price target on shares of EQT GP Holdings, and gave the stock a hold rating in a research note on Friday, July 21st. Finally, Morgan Stanley reaffirmed an overweight rating and issued a $31.00 price target (up previously from $30.00) on shares of EQT GP Holdings, in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $32.86.

Shares of EQT GP Holdings, (EQGP) traded up 1.70% during midday trading on Tuesday, reaching $30.49. 374,140 shares of the company’s stock were exchanged. EQT GP Holdings, has a 12-month low of $21.45 and a 12-month high of $30.72. The stock’s 50 day moving average is $29.13 and its 200-day moving average is $29.13. The stock has a market cap of $8.12 billion, a PE ratio of 34.45 and a beta of 1.31.

EQT GP Holdings, (NYSE:EQGP) last announced its earnings results on Thursday, July 27th. The oil and gas company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.05. The business had revenue of $199.00 million for the quarter, compared to the consensus estimate of $194.49 million. EQT GP Holdings, had a net margin of 30.65% and a return on equity of 11.72%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 earnings per share. On average, equities analysts expect that EQT GP Holdings, will post $0.94 EPS for the current year.

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A number of institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its holdings in EQT GP Holdings, by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,032 shares of the oil and gas company’s stock worth $242,000 after acquiring an additional 556 shares in the last quarter. NBW Capital LLC grew its holdings in EQT GP Holdings, by 3.6% during the 2nd quarter. NBW Capital LLC now owns 296,927 shares of the oil and gas company’s stock worth $8,952,000 after acquiring an additional 10,442 shares in the last quarter. Citadel Advisors LLC bought a new position in EQT GP Holdings, during the 2nd quarter worth about $428,000. Citigroup Inc. grew its holdings in EQT GP Holdings, by 54.1% during the 2nd quarter. Citigroup Inc. now owns 31,199 shares of the oil and gas company’s stock worth $942,000 after acquiring an additional 10,959 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in EQT GP Holdings, by 1.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 52,328 shares of the oil and gas company’s stock worth $1,578,000 after acquiring an additional 650 shares in the last quarter. Institutional investors own 10.27% of the company’s stock.

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.

Analyst Recommendations for EQT GP Holdings, (NYSE:EQGP)

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