A Director at EQT GP Holdings LP (NYSE: EQGP) is Selling Shares

By Carrie Williams

Today, a Director at EQT GP Holdings LP (EQGPResearch Report), David Porges, sold shares of EQGP for $1.12M.

This is Porges’ first transaction since reporting a Sell transaction on EQT back in November 2017 In addition to David Porges, one other EQGP executive reported Sell trades in the last month.

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Based on EQT GP Holdings LP’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $365 million and quarterly net profit of $95.1 million. In comparison, last year the company earned revenue of $207 million and had a net profit of $66.94 million. EQGP’s market cap is $6.03B and the company has a P/E ratio of 16.76. Currently, EQT GP Holdings LP has an average volume of 574.2K.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $20.33, reflecting a 2.4% upside.

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EQGP Holdings LP owns the general partner interest, incentive distribution rights, and portion of limited partner interests in EQM Midstream Partners, LP. The company was founded in January 2015 and is headquartered in Pittsburgh, PA.