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EQT GP Holdings LP (NYSE:EQGP) target price raised to $28.00, reported today by Zacks Investment Research

EQT GP Holdings LP (NYSE:EQGP) had its target price raised to $28.00 by Zacks Investment Research in a report released Monday October 17, 2016. The new target price indicates a possible upside of 0.13% based on the company's last stock close price.

Yesterday EQT GP Holdings LP (NYSE:EQGP) traded -1.23% lower at $24.80. The company’s 50-day moving average is $25.26 and its 200-day moving average is $25.30. The last stock close price is down -1.96% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 110,935 shares of the stock were exchanged, up from an average trading volume of 102,774

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EQT GP Holdings LP has a 52 week low of $17.39 and a 52 week high of $27.74 with a P/E ratio of 35.68 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 13 firms have reported on the stock. The consensus target price is $30.12 with 2 firms rating the stock a strong buy, 5 firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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 is 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 Transmission and storage, and Gathering. The Transmission and storage segment includes EQM's Federal Energy Regulatory Commission (FERC)-regulated interstate pipeline and storage business. The Gathering segment includes high-pressure gathering lines and the FERC-regulated low-pressure gathering system. EQGP has no independent operations and EQGP's assets consist of partnership interests in EQM. EQM provides midstream services to EQT and third parties in the Appalachian Basin across over 20 counties in Pennsylvania and West Virginia. EQGP's assets and operations are located in the continental United States.

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