EQT GP Holdings LP (NYSE:EQGP)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $20.61 and last traded at $21.00, with a volume of 192322 shares changing hands. The stock had previously closed at $21.03.

Several equities analysts have recently issued reports on EQGP shares. Barclays cut their price target on EQT GP from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 11th. Zacks Investment Research raised EQT GP from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Jefferies Financial Group started coverage on EQT GP in a research note on Wednesday, July 25th. They set a “hold” rating and a $22.00 price target on the stock. ValuEngine raised EQT GP from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, Wells Fargo & Co cut their price target on EQT GP from $28.00 to $26.00 and set a “market perform” rating on the stock in a research note on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. EQT GP currently has an average rating of “Hold” and an average target price of $28.15.

The company has a debt-to-equity ratio of 1.03, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 18.58 and a beta of 1.12.

EQT GP (NYSE:EQGP) last released its earnings results on Thursday, July 26th. The oil and gas company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. EQT GP had a return on equity of 12.65% and a net margin of 33.16%. The firm had revenue of $269.76 million for the quarter. equities research analysts anticipate that EQT GP Holdings LP will post 1.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 23rd. Shareholders of record on Friday, August 3rd were paid a $0.306 dividend. This is a positive change from EQT GP’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, August 2nd. This represents a $1.22 annualized dividend and a yield of 5.86%. EQT GP’s dividend payout ratio is presently 124.49%.

A number of large investors have recently added to or reduced their stakes in EQGP. Susquehanna Fundamental Investments LLC acquired a new position in EQT GP in the first quarter valued at about $215,000. Mariner LLC acquired a new position in EQT GP in the first quarter valued at about $261,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in EQT GP in the first quarter valued at about $323,000. PEAK6 Investments L.P. acquired a new position in EQT GP in the second quarter valued at about $326,000. Finally, Lake Street Advisors Group LLC acquired a new stake in shares of EQT GP during the second quarter worth about $548,000. 9.05% of the stock is currently owned by hedge funds and other institutional investors.

About EQT GP (NYSE:EQGP)

EQT GP 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.

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