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BidaskClub downgraded EQT GP Holdings LP (NYSE:EQGP) to Sell in a report released today.

Yesterday EQT GP Holdings LP (NYSE:EQGP) traded -1.34% lower at $28.98. The company’s 50-day moving average is $28.86 and its 200-day moving average is $27.47. The last closing price is up -3.35% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 79,351 shares of the stock were exchanged, down from an average trading volume of 159,375

BidaskClub has downgraded EQT GP Holdings LP (NYSE:EQGP) to Sell in a report released on Saturday July 08, 2017.

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EQT GP Holdings LP (NYSE:EQGP)

EQT GP Holdings LP has a 52 week low of $21.45 and a 52 week high of $31.76 with a P/E ratio of 30.00 The company’s market cap is currently $0.

In addition to BidaskClub reporting its target price, a total of 13 brokers have issued a report on the stock. The consensus target price is $30.12 with 2 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 8 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About EQT GP Holdings LP (NYSE:EQGP)

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. Its segments include Gathering, and Transmission. The Gathering segment primarily includes high pressure gathering lines and the Federal Energy Regulatory Commission (FERC)-regulated low pressure gathering system. The Transmission segment includes EQM's FERC-regulated interstate pipeline and storage business. EQGP has no independent operations. It has partnership interests in EQM. As of December 31, 2016, EQM provided midstream services to EQT and various third parties across 24 counties in Pennsylvania, West Virginia and Ohio through its two primary assets: the gathering system, and the transmission and storage system.

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