Brokerage firm Morgan Stanley Upgrades its rating on EQT GP Holdings LP(EQGP). The shares have been rated Overweight. Previously, the analysts had a Equal-Weight rating on the shares. The rating by the stock financial advisor at Morgan Stanley was issued on Feb 14, 2017 in a research report to their Investors and Clients.
In a different note, Janney Capital said it Initiates Coverage On EQT GP Holdings LP, according to a research note issued on Jan 26, 2017. In the research note, the firm Announces the price-target to $35 per share. The shares have been rated ‘Buy’ by the firm.
EQT GP Holdings LP (EQGP) shares turned negative on Wednesdays trading session with the shares closing down -0.44 points or -1.56% at a volume of 18,097. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.13. The peak price level was also seen at $28.13 while the days lowest was $27.332. Finally the shares closed at $27.75. The 52-week high of the shares is $28.45 while the 52-week low is $21.21. According to the latest information available, the market cap of the company is $7,386 M.
EQT GP Holdings LP(EQGP) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $195.014M. Analysts had an estimated revenue of $192.880M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.21.
Several Insider Transactions has been reported to the SEC. On May 15, 2015, Stephen A Thorington (director) purchased 31,482 shares at $27.00 per share price.Also, On May 15, 2015, Theresa Z Bone (VP Finance and CAO) purchased 19,986 shares at $27.00 per share price.On May 15, 2015, Philip P Conti (CFO) purchased 28,503 shares at $27.00 per share price, according to the Form-4 filing with the securities and exchange commission.
EQT GP Holdings LP is a limited partnership formed to own partnership interests in EQT Midstream Partners LP (EQM) a growth-oriented limited partnership formed by EQT Corporation (EQT) to own operate acquire and develop midstream assets in the Appalachian Basin. EQT Midstream Partners LP provides midstream services to EQT Corporation and third-party companies through its strategically located transmission storage and gathering systems that service the Marcellus and Utica regions. EQT Midstream Partners LP owns 700 miles and operates over 200 miles of federal energy regulatory commission (FERC)-regulated interstate pipelines and also owns over 1500 miles of high- and low-pressure gathering lines. The Company’s projects include Equitrans Expansion Mountain Valley Pipeline and Ohio Valley Connector.