EQT GP (EQGP) Getting Somewhat Favorable Press Coverage, Study Shows
Headlines about EQT GP (NYSE:EQGP) have been trending somewhat positive on Monday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. EQT GP earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.6292406465384 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several analysts recently issued reports on the stock. Royal Bank of Canada lowered shares of EQT GP from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from $29.00 to $32.00 in a research report on Monday. Zacks Investment Research upgraded shares of EQT GP from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. Citigroup assumed coverage on shares of EQT GP in a research report on Tuesday, January 23rd. They set a “hold” rating and a $32.00 target price for the company. Bank of America assumed coverage on shares of EQT GP in a research report on Tuesday, January 9th. They set a “buy” rating for the company. Finally, Credit Suisse Group assumed coverage on shares of EQT GP in a research report on Thursday, January 4th. They set an “outperform” rating and a $32.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $31.60.
Shares of EQT GP (EQGP) traded up $0.36 during trading hours on Monday, reaching $25.69. 198,821 shares of the company’s stock traded hands, compared to its average volume of 128,946. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.89 and a quick ratio of 0.89. EQT GP has a twelve month low of $24.18 and a twelve month high of $31.76. The stock has a market capitalization of $6,740.00 and a P/E ratio of 27.33.
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EQT GP 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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