EQT GP Holdings, LP (NYSE:EQGP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a report issued on Tuesday. They presently have a $37.00 price objective on the oil and gas company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 23.46% from the stock’s current price.
Several other equities analysts also recently commented on the company. Scotiabank set a $30.00 price objective on EQT GP Holdings, and gave the company a “hold” rating in a research report on Friday, July 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $31.00 price objective (up previously from $30.00) on shares of EQT GP Holdings, in a research report on Friday, July 14th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price objective on shares of EQT GP Holdings, in a research report on Friday, July 21st. BidaskClub downgraded EQT GP Holdings, from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, Barclays PLC downgraded EQT GP Holdings, from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $32.00 to $30.00 in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.86.
EQT GP Holdings, (NYSE:EQGP) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.05. The company had revenue of $199.00 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.27 EPS.
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.
What are top analysts saying about EQT GP Holdings LP? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for EQT GP Holdings LP and related companies.