EQT GP Holdings, LP (EQGP) Set to Announce Earnings on Thursday
EQT GP Holdings, LP (NYSE:EQGP) is scheduled to release its earnings data before the market opens on Thursday, October 26th.
EQT GP Holdings, (NYSE:EQGP) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.05. EQT GP Holdings, had a return on equity of 11.72% and a net margin of 30.65%. The company had revenue of $199.00 million during the quarter, compared to the consensus estimate of $194.49 million. During the same period last year, the business earned $1.27 EPS. The business’s quarterly revenue was up 11.8% on a year-over-year basis. On average, analysts expect EQT GP Holdings, to post $1 EPS for the current fiscal year and $1.15 EPS for the next fiscal year.
Shares of EQT GP Holdings, LP (NYSE:EQGP) opened at 26.77 on Tuesday. The stock’s 50 day moving average price is $28.96 and its 200-day moving average price is $27.82. The stock has a market capitalization of $7.13 billion, a P/E ratio of 30.25 and a beta of 1.31. EQT GP Holdings, LP has a 1-year low of $21.45 and a 1-year high of $31.76.
Several research analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $37.00 price objective on shares of EQT GP Holdings, in a research report on Tuesday, October 10th. Scotiabank reaffirmed a “hold” rating and set a $32.00 price objective on shares of EQT GP Holdings, in a research report on Wednesday, October 4th. BidaskClub cut EQT GP Holdings, from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Seaport Global Securities assumed coverage on EQT GP Holdings, in a research report on Tuesday, October 10th. They set a “buy” rating and a $37.00 price objective for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $28.00 price objective on shares of EQT GP Holdings, in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. EQT GP Holdings, has a consensus rating of “Hold” and an average target price of $32.86.
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EQT GP Holdings, Company Profile
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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