Analyst Ratings for EQT GP Holdings LP (EQGP)

Updated: 2017-07-26

Analysts covering EQT GP Holdings LP (NYSE:EQGP) have given it a consensus rating of Overweight. About 30 days ago, EQGP was issued an average rating of Overweight.

7 analysts declared EQGP a buy, 0 issued an overweight rating, 7 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an decrease of 3 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

EQGP was given price targets by several analysts. The most optimistic analyst gave a price target of 40, which equates to a potential upside of 38.6 percent. The minimum price target given was 25, which equates to a potential downside of -13.37 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -4.77 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.68 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 3.53 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 2 analysts that revised their FY estimates downwards.

Analysts estimate earnings of EQGP to grow at a rate of 15.26 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of EQGP is 2.25.

EQGP has traded between a high of 31.76 and a low of 21.45 over the past year. Currently the stock is 34.55 percent higher than its low, and below the high by 9.13 percent. EQGP has a price/earnings ratio of 34.37. Investors typically compare the P/E ratio to a company's peers in the industry. The EQGP value stock report compares EQGP to some of its peers using value stock charts. The market cap of EQGP is $7.46 billion. EQGP's next earnings release will be on 0000-00-00, which is days away.