EQT GP’s (EQGP) “Neutral” Rating Reiterated at Citigroup
EQT GP (NYSE:EQGP)‘s stock had its “neutral” rating reissued by investment analysts at Citigroup in a research note issued to investors on Monday, Marketbeat.com reports. They currently have a $31.50 price target on the oil and gas company’s stock. Citigroup’s price target would suggest a potential upside of 8.66% from the company’s previous close.
Other research analysts also recently issued reports about the company. Seaport Global Securities began coverage on EQT GP in a report on Tuesday, October 10th. They set a “buy” rating and a $37.00 target price on the stock. Zacks Investment Research raised EQT GP from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Monday, October 30th. Credit Suisse Group began coverage on EQT GP in a report on Thursday, January 4th. They set an “outperform” rating and a $32.00 target price on the stock. JPMorgan Chase & Co. raised EQT GP from a “neutral” rating to an “overweight” rating and set a $31.00 target price on the stock in a report on Thursday, December 14th. Finally, Scotiabank reaffirmed a “hold” rating and set a $32.00 target price on shares of EQT GP in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $32.36.
Shares of EQT GP (NYSE EQGP) opened at $28.99 on Monday. The firm has a market capitalization of $7,585.70, a price-to-earnings ratio of 30.84, a P/E/G ratio of 1.35 and a beta of 1.19. EQT GP has a 52-week low of $24.18 and a 52-week high of $31.76. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.52.
Large investors have recently made changes to their positions in the company. Cadence Capital Management LLC acquired a new position in shares of EQT GP in the 3rd quarter valued at about $1,182,000. Keybank National Association OH acquired a new position in shares of EQT GP in the 3rd quarter valued at about $278,000. Citigroup Inc. lifted its stake in shares of EQT GP by 54.1% in the 2nd quarter. Citigroup Inc. now owns 31,199 shares of the oil and gas company’s stock valued at $942,000 after purchasing an additional 10,959 shares during the period. Citadel Advisors LLC acquired a new position in shares of EQT GP in the 2nd quarter valued at about $428,000. Finally, NBW Capital LLC lifted its stake in shares of EQT GP by 3.6% in the 2nd quarter. NBW Capital LLC now owns 296,927 shares of the oil and gas company’s stock valued at $8,952,000 after purchasing an additional 10,442 shares during the period. 10.24% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.watchlistnews.com/eqt-gps-eqgp-neutral-rating-reiterated-at-citigroup/1821149.html.
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.
Receive News & Ratings for EQT GP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT GP and related companies with MarketBeat.com's FREE daily email newsletter.