News coverage about EQT GP Holdings, (NYSE:EQGP) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. EQT GP Holdings, earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 45.2658606087889 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of equities analysts have issued reports on the stock. Barclays PLC lowered 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 lowered 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 from $30.00) on shares of EQT GP Holdings, in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.57.
Shares of EQT GP Holdings, (NYSE:EQGP) opened at 28.76 on Tuesday. The stock’s 50 day moving average is $28.83 and its 200-day moving average is $28.78. The firm has a market cap of $7.65 billion, a PE ratio of 32.50 and a beta of 1.31. EQT GP Holdings, has a 52 week low of $21.45 and a 52 week high of $29.27.
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 Thomson Reuters’ consensus estimate of $0.19 by $0.05. EQT GP Holdings, had a return on equity of 11.72% and a net margin of 30.65%. The business had revenue of $199.00 million during the quarter, compared to analysts’ expectations of $194.49 million. During the same quarter in the prior year, the business earned $1.27 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts predict that EQT GP Holdings, will post $0.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Friday, August 4th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Wednesday, August 2nd. This is a boost from EQT GP Holdings,’s previous quarterly dividend of $0.19. EQT GP Holdings,’s dividend payout ratio is 94.38%.
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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.
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