Brokerages expect EQT GP Holdings, LP (NYSE:EQGP) to post earnings per share (EPS) of $0.21 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for EQT GP Holdings,’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.20. EQT GP Holdings, reported earnings per share of $0.19 during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.5%. The firm is expected to announce its next earnings report on Thursday, July 27th.

According to Zacks, analysts expect that EQT GP Holdings, will report full-year earnings of $0.93 per share for the current financial year, with EPS estimates ranging from $0.80 to $1.08. For the next year, analysts expect that the company will post earnings of $1.06 per share, with EPS estimates ranging from $0.89 to $1.28. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for EQT GP Holdings,.

EQT GP Holdings, (NYSE:EQGP) last released its earnings results on Thursday, April 27th. The oil and gas company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $203.40 million during the quarter, compared to the consensus estimate of $201.54 million. EQT GP Holdings, had a net margin of 30.13% and a return on equity of 11.39%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share.

Several research firms recently weighed in on EQGP. Royal Bank Of Canada restated a “buy” rating and set a $36.00 price target on shares of EQT GP Holdings, in a research report on Thursday, April 13th. Scotiabank restated a “hold” rating and set a $30.00 price target on shares of EQT GP Holdings, in a research report on Friday, March 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $32.60.

A number of institutional investors have recently modified their holdings of EQGP. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of EQT GP Holdings, by 10.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,849 shares of the oil and gas company’s stock worth $1,332,000 after buying an additional 5,115 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of EQT GP Holdings, by 2.2% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 326,283 shares of the oil and gas company’s stock worth $8,226,000 after buying an additional 7,177 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of EQT GP Holdings, during the fourth quarter worth $589,000. Zimmer Partners LP raised its position in shares of EQT GP Holdings, by 5.1% in the fourth quarter. Zimmer Partners LP now owns 1,007,264 shares of the oil and gas company’s stock worth $25,393,000 after buying an additional 48,806 shares in the last quarter. Finally, Cypress Wealth Advisors LLC raised its position in shares of EQT GP Holdings, by 0.3% in the fourth quarter. Cypress Wealth Advisors LLC now owns 16,750 shares of the oil and gas company’s stock worth $422,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 10.87% of the company’s stock.

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EQT GP Holdings, (NYSE:EQGP) traded up 0.65% on Thursday, reaching $24.96. 48,969 shares of the company were exchanged. The company’s 50-day moving average price is $26.13 and its 200-day moving average price is $26.49. The stock has a market capitalization of $6.64 billion, a P/E ratio of 29.75 and a beta of 1.34. EQT GP Holdings, has a 12-month low of $21.45 and a 12-month high of $28.53.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 24th. Shareholders of record on Friday, May 5th were given a dividend of $0.191 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Wednesday, May 3rd. This is a positive change from EQT GP Holdings,’s previous quarterly dividend of $0.18. EQT GP Holdings,’s dividend payout ratio (DPR) is currently 90.48%.

About EQT GP Holdings,

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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