Somewhat Positive News Coverage Somewhat Unlikely to Affect EQT GP (EQGP) Stock Price

Media stories about EQT GP (NYSE:EQGP) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. EQT GP earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 46.9404827705127 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

EQT GP (EQGP) traded down $0.44 during midday trading on Tuesday, reaching $25.62. The company had a trading volume of 40,874 shares, compared to its average volume of 104,080. The firm has a market capitalization of $7,010.79, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19. EQT GP has a 1-year low of $22.83 and a 1-year high of $31.76. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.52.

EQT GP (NYSE:EQGP) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $207.19 million during the quarter. EQT GP had a return on equity of 12.14% and a net margin of 30.98%. sell-side analysts anticipate that EQT GP will post 1.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, November 3rd were given a dividend of $0.228 per share. The ex-dividend date was Thursday, November 2nd. This represents a $0.91 dividend on an annualized basis and a yield of 3.56%. This is a boost from EQT GP’s previous quarterly dividend of $0.21. EQT GP’s dividend payout ratio is 96.81%.

A number of analysts recently weighed in on EQGP shares. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of EQT GP in a report on Thursday, October 26th. BidaskClub upgraded EQT GP from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Royal Bank Of Canada restated a “buy” rating and issued a $37.00 price objective on shares of EQT GP in a report on Tuesday, October 10th. Scotiabank restated a “hold” rating and issued a $32.00 price objective on shares of EQT GP in a report on Wednesday, October 4th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $28.00 price objective on shares of EQT GP in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $32.63.

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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.

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