EQT GP Holdings, LP (NYSE:EQGP) Valuation According To Analysts

Marco Green
September 21, 2017

MA now owns 950,584 shares of the oil and gas company's stock valued at $26,027,000 after acquiring an additional 12,774 shares in the last quarter. The value of the investment in EQT increased from $2,141,000 to $2,330,000 a change of 8.8% quarter over quarter. Barclays PLC lowered shares of EQT GP Holdings, from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $32.00 to $30.00 in a report on Tuesday, July 18th.

EQT GP Holdings, (NYSE:EQGP) last announced its quarterly earnings data on Thursday, July 27th. Vanguard Group Inc. now owns 17,207,739 shares of the oil and gas producer's stock valued at $1,051,393,000 after buying an additional 522,164 shares during the period. OH increased its position in shares of EQT GP Holdings, by 6.7% during the first quarter. The stock was bought at an average price of $53.55 per share, for a total transaction of $1,499,400.00. LS Investment Advisors LLC raised its stake in EQT Corporation by 22.0% during the 1st quarter. The value of the position overall is up by 8.8%. Point72 Asset Management, L.p. owns 287,693 shares valued at $16,856,000. Cowen and Company's price target indicates a potential upside of 24.03% from the stock's previous close. Needham maintained the shares of CBS in report on Friday, April 28 with "Buy" rating. The total value of its holdings decreased 76.2%.

Other analysts have also issued reports about the stock. They now have a United States dollars 50 price target on the stock. The disclosure for this purchase can be found here. In the last earnings report the EPS was $0.88 and is projected to be $0.95 for the current year with 266,165,000 shares now outstanding.

Since March 31, 2017, it had 1 buy, and 1 insider sale for $184,965 activity.

ILLEGAL ACTIVITY NOTICE: This piece was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another site, it was stolen and reposted in violation of USA & global trademark & copyright legislation. The legal version of this news story can be accessed at https://stocknewstimes.com/2017/09/19/eqt-corporation-eqt-stake-decreased-by-mitsubishi-ufj-trust-banking-corp.html. EQT 's 20-day moving average now sits below its 100-day moving average.

EQT Corporation has a 52 week low of $49.63 and a 52 week high of $75.74 with a P/E ratio of 2,297.14 The company's market cap is now $0. Howard Weil downgraded EQT Corporation (NYSE:EQT) on Thursday, August 11 to "Sector Perform" rating. The oil and gas producer reported $0.06 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.05 by $0.01. The company had revenue of $631.10 million during the quarter, compared to analysts' expectations of $642.21 million. Andra Ap has 0.1% invested in CBS Corporation (NYSE:CBS) for 65,300 shares. The company's revenue was up 720.1% compared to the same quarter a year ago. EQT's profit would be $1.73M giving it 1610.00 P/E if the $0.01 EPS is correct. The ex-dividend date was Wednesday, August 9th. This represents a $0.12 dividend on an annualized basis and a yield of 0.19%. Asset One Commerce invested 0.04% of its portfolio in EQT Corporation (NYSE:EQT).

Several research firms have weighed in on EQT. RBC Capital Markets maintained the shares of EQT in report on Friday, July 28 with "Hold" rating. Stifel Nicolaus increased their price objective on EQT Corporation from $79.00 to $85.00 and gave the company a "buy" rating in a report on Monday, July 10th. The stock of EQT Corporation (NYSE:EQT) has "Buy" rating given on Tuesday, September 12 by Cowen & Co. The stock of CBS Corporation (NYSE:CBS) has "Buy" rating given on Monday, September 11 by Jefferies. The stock has an average rating of "Buy" and a consensus target price of $80.33. Parametric Associates Ltd Limited Liability Company invested 0.02% of its portfolio in EQT Corporation (NYSE:EQT). The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.

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