ValuEngine downgraded shares of EQGP (NYSE:EQGP) from a hold rating to a sell rating in a research report released on Thursday.

Several other equities analysts also recently issued reports on EQGP. Mitsubishi UFJ Financial Group downgraded shares of EQGP from an overweight rating to a neutral rating in a report on Thursday, October 25th. Zacks Investment Research raised shares of EQGP from a hold rating to a buy rating and set a $22.00 price target for the company in a report on Tuesday. US Capital Advisors downgraded shares of EQGP from an overweight rating to a hold rating in a report on Friday, January 4th. Jefferies Financial Group downgraded shares of EQGP from a buy rating to a hold rating and set a $19.95 price target for the company. in a report on Thursday, December 20th. Finally, Citigroup downgraded shares of EQGP from a buy rating to a neutral rating and set a $20.00 price target for the company. in a report on Monday, December 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $24.08.

EQGP stock traded down $0.03 during mid-day trading on Thursday, reaching $19.97. The company’s stock had a trading volume of 533,556 shares, compared to its average volume of 520,425. The company has a market cap of $6.05 billion, a PE ratio of 20.38 and a beta of 1.21. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.34 and a quick ratio of 0.34. EQGP has a twelve month low of $15.36 and a twelve month high of $30.13.

EQGP (NYSE:EQGP) last released its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The business had revenue of $364.58 million during the quarter, compared to analyst estimates of $361.93 million. EQGP had a return on equity of 10.93% and a net margin of 30.96%. Equities research analysts anticipate that EQGP will post 1.25 earnings per share for the current year.

In related news, COO Diana M. Charletta sold 2,000 shares of EQGP stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $20.06, for a total transaction of $40,120.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Midstream Corp Equitrans acquired 15,364,421 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were bought at an average price of $20.00 per share, for a total transaction of $307,288,420.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 41,826,129 shares of company stock worth $836,522,580 and have sold 63,032 shares worth $1,252,883.

Hedge funds and other institutional investors have recently modified their holdings of the stock. First Republic Investment Management Inc. bought a new stake in EQGP in the third quarter worth about $215,000. Parkside Financial Bank & Trust bought a new stake in EQGP in the third quarter worth about $226,000. PEAK6 Investments L.P. bought a new stake in EQGP in the second quarter worth about $326,000. First Trust Advisors LP bought a new stake in EQGP in the third quarter worth about $361,000. Finally, Marshall Wace LLP bought a new stake in EQGP in the third quarter worth about $392,000. Institutional investors and hedge funds own 8.89% of the company’s stock.

About EQGP

EQGP Holdings, LP owns, operates, acquires, and develops midstream energy assets in the Appalachian Basin through owning partnership interests in EQT Midstream Partners, LP (EQM). The company operates in two segments, Gathering and Transmission. EQM offers natural gas transmission, storage, and gathering services to various third parties in Pennsylvania, West Virginia, and Ohio.

See Also: Debt-To-Equity Ratio

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for EQGP (NYSE:EQGP)

Receive News & Ratings for EQGP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQGP and related companies with MarketBeat.com's FREE daily email newsletter.