Scotiabank reissued their hold rating on shares of EQT GP Holdings, LP (NYSE:EQGP) in a report issued on Wednesday morning. They currently have a $32.00 target price on the oil and gas company’s stock.

Several other analysts also recently commented on EQGP. BidaskClub upgraded shares of EQT GP Holdings, from a sell rating to a hold rating in a research report on Friday, June 30th. Morgan Stanley restated an overweight rating and set a $31.00 price objective (up from $30.00) on shares of EQT GP Holdings, in a research report on Friday, July 14th. Barclays PLC downgraded shares of EQT GP Holdings, from an overweight rating to an equal weight rating and decreased their price objective for the company from $32.00 to $30.00 in a research report on Tuesday, July 18th. Finally, Stifel Nicolaus restated a hold rating and set a $25.00 price objective on shares of EQT GP Holdings, in a research report on Friday, July 21st. 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 company’s stock. The stock presently has an average rating of Hold and a consensus price target of $32.00.

EQT GP Holdings, (NYSE EQGP) traded down 0.30% on Wednesday, hitting $29.80. 43,945 shares of the stock were exchanged. The company has a 50-day moving average of $28.93 and a 200 day moving average of $28.93. EQT GP Holdings, has a 12 month low of $21.45 and a 12 month high of $30.65. The firm has a market cap of $7.93 billion, a P/E ratio of 33.67 and a beta of 1.31.

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 firm had revenue of $199.00 million for the quarter, compared to the consensus estimate of $194.49 million. EQT GP Holdings, had a net margin of 30.65% and a return on equity of 11.72%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm earned $1.27 EPS. Equities research analysts expect that EQT GP Holdings, will post $0.94 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Neuberger Berman Group LLC increased its holdings in EQT GP Holdings, by 8.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 6,558,667 shares of the oil and gas company’s stock valued at $197,744,000 after acquiring an additional 520,351 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in EQT GP Holdings, by 0.5% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,762,312 shares of the oil and gas company’s stock valued at $53,134,000 after acquiring an additional 9,498 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in EQT GP Holdings, by 1.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 950,584 shares of the oil and gas company’s stock valued at $26,027,000 after acquiring an additional 12,774 shares during the last quarter. ING Groep NV increased its holdings in EQT GP Holdings, by 9.1% in the 2nd quarter. ING Groep NV now owns 300,000 shares of the oil and gas company’s stock valued at $9,045,000 after acquiring an additional 25,000 shares during the last quarter. Finally, NBW Capital LLC increased its holdings in EQT GP Holdings, by 3.6% in the 2nd quarter. NBW Capital LLC now owns 296,927 shares of the oil and gas company’s stock valued at $8,952,000 after acquiring an additional 10,442 shares during the last quarter. Institutional investors own 10.27% of the company’s stock.

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.

Analyst Recommendations for EQT GP Holdings, (NYSE:EQGP)

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