Media coverage about EQT GP (NYSE:EQGP) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. EQT GP earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.2016357023435 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of research firms recently weighed in on EQGP. Citigroup restated a “neutral” rating and issued a $31.50 target price on shares of EQT GP in a report on Monday, January 22nd. ValuEngine lowered shares of EQT GP from a “hold” rating to a “sell” rating in a report on Monday. Seaport Global Securities lowered shares of EQT GP from a “buy” rating to a “neutral” rating in a report on Tuesday, February 20th. Royal Bank of Canada lowered shares of EQT GP from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from $29.00 to $32.00 in a report on Monday, February 12th. Finally, Bank of America lowered shares of EQT GP from a “buy” rating to a “neutral” rating in a report on Wednesday, March 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $31.27.
EQGP stock traded down $0.54 during trading on Friday, reaching $22.50. The stock had a trading volume of 56,380 shares, compared to its average volume of 139,398. EQT GP has a one year low of $21.05 and a one year high of $31.76. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market capitalization of $6,076.55, a price-to-earnings ratio of 22.96, a PEG ratio of 1.14 and a beta of 1.26.
EQT GP (NYSE:EQGP) last issued its quarterly earnings data on Thursday, February 15th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). EQT GP had a return on equity of 12.52% and a net margin of 31.41%. The firm had revenue of $224.51 million during the quarter. sell-side analysts forecast that EQT GP will post 1.11 EPS for the current fiscal year.
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EQT GP Company Profile
EQT GP Holdings LP owns the general partner interest, incentive distribution rights, and portion of limited partnert interests in EQT Midstream Partners, LP. The company was founded in January 2015 and is headquartered in Pittsburgh, PA.
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