Analysis: EQT GP Holdings LP (NYSE:EQGP) Stock Target Raised Today
In analysts report finalized by Credit Suisse on 8 December, the firm, EQT GP Holdings LP (NYSE:EQGP), had their target price lowered to $39.00. Analusts at present have a solid “Outperform” rating on the stock.
From a total of 10 analysts covering EQT GP Holdings LP (NYSE:EQGP) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 46% of the ratings are positive. The highest target price is $39 while the lowest target price is $27. The mean of all analyst targets is $33.4 with a 74.70% above today’s ($19.92) stock price. EQT GP Holdings LP was the topic of 7 analyst reports since August 13, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 18 with “Buy” rating.
The stock increased 10.42% or $1.88 during the last trading session, striking $19.92. Approximately shares of stock traded hands. EQT GP Holdings LP (NYSE:EQGP) has risen 6.00% since November 9, 2015 and is uptrending. It has outperformed by 6.80% the S&P500.
EQT GP Holdings, LP is a limited partnership formed to own partnership interests in EQT Midstream Partners, LP , a growth-oriented limited partnership formed by EQT Corporation (EQT) to own, operate, acquire and develop midstream assets in the Appalachian Basin. The company has a market cap of $4.80 billion. 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. It has 64.85 P/E ratio. 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 1,500 miles of high- and low-pressure gathering lines.
According to Zacks Investment Research, “EQT GP Holdings, LP is a limited partnership which is engaged in owning, operating, acquiring and developing midstream assets primarily in the Appalachian Basin through its subsidiaries. EQT GP Holdings, LP is based in Pittsburgh, Pennsylvania.” Get a free copy of the Zacks research report on EQT GP Holdings LP (EQGP).