EQT Midstream Partners, LP (NYSE:EQM)‘s stock had its “overweight” rating reissued by Mitsubishi UFJ Financial Group in a report issued on Thursday, October 26th.
A number of other equities research analysts also recently issued reports on EQM. BidaskClub downgraded shares of EQT Midstream Partners, from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Stifel Nicolaus restated a “hold” rating and set a $79.00 price objective on shares of EQT Midstream Partners, in a research report on Friday, July 21st. TheStreet upgraded EQT Midstream Partners, from a “c+” rating to a “b-” rating in a research report on Wednesday, July 19th. Seaport Global Securities started coverage on EQT Midstream Partners, in a research report on Tuesday, October 10th. They set a “buy” rating and a $96.00 price objective for the company. Finally, Royal Bank Of Canada restated a “buy” rating and set a $96.00 price objective on shares of EQT Midstream Partners, in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $91.50.
Shares of EQT Midstream Partners, (NYSE:EQM) traded down $1.61 during midday trading on Thursday, hitting $69.28. The stock had a trading volume of 164,100 shares, compared to its average volume of 255,407. EQT Midstream Partners, has a twelve month low of $68.76 and a twelve month high of $82.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $5,712.44, a PE ratio of 13.58, a P/E/G ratio of 1.06 and a beta of 0.93.
EQT Midstream Partners, (NYSE:EQM) last posted its quarterly earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.02. EQT Midstream Partners, had a return on equity of 25.85% and a net margin of 65.99%. The company had revenue of $207.20 million for the quarter, compared to analysts’ expectations of $205.29 million. During the same period last year, the firm earned $1.23 earnings per share. EQT Midstream Partners,’s quarterly revenue was up 17.2% on a year-over-year basis. sell-side analysts expect that EQT Midstream Partners, will post 5.59 earnings per share for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. IFP Advisors Inc raised its stake in shares of EQT Midstream Partners, by 120.5% in the 2nd quarter. IFP Advisors Inc now owns 1,808 shares of the pipeline company’s stock valued at $135,000 after purchasing an additional 988 shares in the last quarter. V Wealth Management LLC acquired a new stake in shares of EQT Midstream Partners, in the 2nd quarter valued at about $178,000. Saratoga Research & Investment Management acquired a new stake in shares of EQT Midstream Partners, in the 3rd quarter valued at about $186,000. A. D. Beadell Investment Counsel Inc. acquired a new stake in shares of EQT Midstream Partners, in the 3rd quarter valued at about $203,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of EQT Midstream Partners, in the 3rd quarter valued at about $204,000. Institutional investors and hedge funds own 74.07% of the company’s stock.
About EQT Midstream Partners,
EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company’s 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.
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