Headlines about EQT GP (NYSE:EQGP) have trended somewhat negative this week, according to Accern. The research group rates the sentiment of media coverage by monitoring 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 earned a coverage optimism score of -0.04 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 46.4911074189077 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- Seaport Global Securities Lowers EQT GP (EQGP) to Neutral (americanbankingnews.com)
- Zacks: Brokerages Anticipate EQT GP Holdings LP (EQGP) to Announce $0.27 EPS (americanbankingnews.com)
- EQT GP (EQGP) Downgraded by Zacks Investment Research (americanbankingnews.com)
- EQGP Crosses Critical Technical Indicator (nasdaq.com)
- EQT GP (EQGP) Releases Earnings Results, Misses Estimates By $0.02 EPS (americanbankingnews.com)
Several brokerages have recently commented on EQGP. Seaport Global Securities cut shares of EQT GP from a “buy” rating to a “neutral” rating in a research report on Tuesday. Zacks Investment Research lowered shares of EQT GP from a “hold” rating to a “sell” rating in a report on Friday. Citigroup started coverage on shares of EQT GP in a report on Tuesday, January 23rd. They set a “hold” rating and a $32.00 price target on the stock. Credit Suisse Group started coverage on shares of EQT GP in a report on Thursday, January 4th. They set an “outperform” rating and a $32.00 price target on the stock. Finally, Royal Bank of Canada lowered shares of EQT GP from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $29.00 to $32.00 in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $31.60.
EQT GP (NYSE:EQGP) last announced its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). The company had revenue of $224.51 million for the quarter. EQT GP had a net margin of 31.41% and a return on equity of 12.52%. equities research analysts predict that EQT GP will post 1.15 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 2nd will be issued a dividend of $0.244 per share. This represents a $0.98 dividend on an annualized basis and a yield of 3.93%. This is a positive change from EQT GP’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, February 1st. EQT GP’s payout ratio is presently 100.00%.
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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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