EQT GP Holdings LP Gets a Hold Rating from Stifel Nicolaus

By Jason Carr

In a report released yesterday, Selman Akyol from Stifel Nicolaus reiterated a Hold rating on EQT GP Holdings LP (NYSE: EQGP), with a price target of $28. The company’s shares closed yesterday at $28.52.

According to TipRanks.com, Akyol is a 3-star analyst with an average return of 1.1% and a 49.4% success rate. Akyol covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Vanguard Natural Resources LLC, and Energy Transfer Partners LP.

EQT GP Holdings LP has an analyst consensus of Moderate Buy, with a price target consensus of $31.50.

Based on EQT GP Holdings LP’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $199 million and quarterly net profit of $63.33 million. In comparison, last year the company earned revenue of $172 million and had a net profit of $51.25 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

EQT GP Holdings LP engages in the natural gas production, gathering, and transmission. The firm provides natural gas within the Marcellus Shale. It operates through Gathering and Transmission segments. The company was founded in January 2015 and is headquartered in Pittsburgh, PA.