Shares of EQT GP Holdings LP (NYSE:EQGP) have received an average rating of “Buy” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $32.56.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of EQT GP from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Bank of America assumed coverage on shares of EQT GP in a report on Tuesday. They issued a “buy” rating on the stock. Credit Suisse Group assumed coverage on shares of EQT GP in a report on Thursday, January 4th. They issued an “outperform” rating and a $32.00 target price on the stock. Scotiabank restated a “hold” rating and issued a $32.00 target price on shares of EQT GP in a report on Wednesday, October 4th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $37.00 target price on shares of EQT GP in a report on Tuesday, October 10th.
EQT GP (EQGP) traded up $0.27 during mid-day trading on Monday, hitting $29.87. 50,861 shares of the company’s stock traded hands, compared to its average volume of 120,995. The stock has a market capitalization of $7,950.00 and a P/E ratio of 31.78. EQT GP has a 52-week low of $24.18 and a 52-week high of $31.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.89 and a quick ratio of 0.89.
Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in EQT GP by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 4,675 shares of the oil and gas company’s stock valued at $141,000 after acquiring an additional 40 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in EQT GP by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 8,032 shares of the oil and gas company’s stock valued at $242,000 after acquiring an additional 556 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in EQT GP in the third quarter valued at $245,000. Keybank National Association OH bought a new stake in EQT GP in the third quarter valued at $278,000. Finally, Citadel Advisors LLC bought a new stake in EQT GP in the second quarter valued at $428,000. Hedge funds and other institutional investors own 10.19% of the company’s stock.
TRADEMARK VIOLATION WARNING: “EQT GP Holdings LP (EQGP) Receives $32.56 Average Price Target from Analysts” was first published by Markets Daily and is owned by of Markets Daily. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.themarketsdaily.com/2018/01/12/eqt-gp-holdings-lp-eqgp-receives-32-56-average-price-target-from-analysts.html.
About EQT GP
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.
Receive News & Ratings for EQT GP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT GP and related companies with MarketBeat.com's FREE daily email newsletter.