EQT GP (EQGP) Earning Somewhat Favorable Press Coverage, Accern Reports

Media coverage about EQT GP (NYSE:EQGP) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. EQT GP earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 46.1136302296286 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Several equities analysts recently commented on the company. Stifel Nicolaus restated a “hold” rating and set a $28.00 target price on shares of EQT GP in a research report on Friday, September 1st. Seaport Global Securities assumed coverage on EQT GP in a research report on Tuesday, October 10th. They set a “buy” rating and a $37.00 target price for the company. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of EQT GP in a research report on Thursday, October 26th. Zacks Investment Research upgraded EQT GP from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Monday, October 30th. Finally, Scotiabank restated a “hold” rating and set a $32.00 target price on shares of EQT GP in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $32.44.

EQT GP (EQGP) traded up $0.13 during mid-day trading on Monday, reaching $26.50. The company had a trading volume of 200,400 shares, compared to its average volume of 105,169. EQT GP has a 12-month low of $24.18 and a 12-month high of $31.76. The firm has a market cap of $7,050.00 and a PE ratio of 28.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.89 and a quick ratio of 0.89.

EQT GP (NYSE:EQGP) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. EQT GP had a return on equity of 12.14% and a net margin of 30.98%. The firm had revenue of $207.19 million during the quarter. equities research analysts forecast that EQT GP will post 1.01 earnings per share for the current year.

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EQT GP 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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