Brokerages Set EQT Midstream Partners LP (NYSE:EQM) PT at $87.72
EQT Midstream Partners LP (NYSE:EQM) has received an average rating of “Buy” from the thirteen brokerages that are covering the stock. Six investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $87.94.
Several research analysts have issued reports on the company. Zacks Investment Research downgraded EQT Midstream Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley reiterated a “hold” rating and set a $83.00 target price on shares of EQT Midstream Partners in a research report on Wednesday, September 21st. Finally, Credit Suisse Group AG reiterated a “neutral” rating on shares of EQT Midstream Partners in a research report on Tuesday, August 16th.
Several hedge funds have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA boosted its stake in EQT Midstream Partners by 1.5% in the first quarter. Glenmede Trust Co. NA now owns 21,490 shares of the company’s stock worth $1,599,000 after buying an additional 320 shares in the last quarter. Shanda Payment Holdings Ltd. boosted its stake in EQT Midstream Partners by 1,989.4% in the first quarter. Shanda Payment Holdings Ltd. now owns 57,376 shares of the company’s stock worth $4,270,000 after buying an additional 54,630 shares in the last quarter. Samson Capital Management LLC boosted its stake in EQT Midstream Partners by 5.2% in the first quarter. Samson Capital Management LLC now owns 107,813 shares of the company’s stock worth $8,025,000 after buying an additional 5,315 shares in the last quarter. LVW Advisors LLC boosted its stake in EQT Midstream Partners by 2.6% in the first quarter. LVW Advisors LLC now owns 4,797 shares of the company’s stock worth $357,000 after buying an additional 122 shares in the last quarter. Finally, Cannell Peter B & Co Inc boosted its stake in EQT Midstream Partners by 23.3% in the first quarter. Cannell Peter B & Co Inc now owns 236,875 shares of the company’s stock worth $17,631,000 after buying an additional 44,825 shares in the last quarter.
Shares of EQT Midstream Partners (NYSE:EQM) opened at 76.72 on Tuesday. The firm has a market cap of $6.18 billion, a PE ratio of 15.17 and a beta of 0.94. The company’s 50-day moving average price is $78.03 and its 200-day moving average price is $76.34. EQT Midstream Partners has a 52-week low of $56.52 and a 52-week high of $80.63.
EQT Midstream Partners (NYSE:EQM) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.12. The firm had revenue of $172 million for the quarter, compared to analyst estimates of $172.47 million. During the same period in the prior year, the company posted $1.12 EPS. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. Equities analysts expect that EQT Midstream Partners will post $5.06 earnings per share for the current fiscal year.
About EQT Midstream Partners
EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company operates through two segments: Transmission and storage, which includes its Federal Energy Regulatory Commission (FERC)-regulated interstate pipeline and storage business, and Gathering, which includes high pressure gathering lines and the FERC-regulated low pressure gathering system.
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