EQT GP (EQGP) Lowered to Sector Perform at Royal Bank of Canada
EQT GP (NYSE:EQGP) was downgraded by research analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a note issued to investors on Monday.
Other research analysts have also issued reports about the stock. Citigroup reaffirmed a “neutral” rating and issued a $31.50 price target on shares of EQT GP in a report on Monday, January 22nd. Zacks Investment Research raised shares of EQT GP from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Monday, October 30th. JPMorgan Chase & Co. raised shares of EQT GP from a “neutral” rating to an “overweight” rating and set a $31.00 price target for the company in a report on Thursday, December 14th. Credit Suisse Group began coverage on shares of EQT GP in a report on Thursday, January 4th. They issued an “outperform” rating and a $32.00 price target for the company. Finally, Bank of America began coverage on shares of EQT GP in a research report on Tuesday, January 9th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. EQT GP has a consensus rating of “Hold” and an average target price of $32.10.
EQT GP (EQGP) opened at $25.33 on Monday. EQT GP has a fifty-two week low of $24.18 and a fifty-two 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. The company has a market cap of $6,741.96, a PE ratio of 26.95, a PEG ratio of 1.21 and a beta of 1.15.
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.
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