EQT Midstream Partners LP (NYSE:EQM)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a note issued to investors on Friday.

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded EQT Midstream Partners from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Wednesday, October 5th. Morgan Stanley reiterated a “hold” rating and issued a $83.00 target price on shares of EQT Midstream Partners in a research report on Wednesday, September 21st. Stifel Nicolaus lifted their target price on EQT Midstream Partners from $78.00 to $82.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Credit Suisse Group AG reiterated a “neutral” rating on shares of EQT Midstream Partners in a research report on Tuesday, August 16th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $89.05.

Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

Shares of EQT Midstream Partners (NYSE:EQM) traded down 0.83% on Friday, reaching $76.55. 119,400 shares of the company’s stock traded hands. The firm has a market capitalization of $6.17 billion, a P/E ratio of 15.14 and a beta of 0.94. EQT Midstream Partners has a 52 week low of $56.52 and a 52 week high of $80.63. The firm’s 50 day moving average is $77.34 and its 200 day moving average is $76.50.

EQT Midstream Partners (NYSE:EQM) last issued its earnings results on Thursday, July 28th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.15 by $0.12. The firm earned $172 million during the quarter, compared to analyst estimates of $172.47 million. EQT Midstream Partners’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 EPS. Analysts expect that EQT Midstream Partners will post $5.06 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Botty Investors LLC purchased a new stake in EQT Midstream Partners during the second quarter worth approximately $300,000. Capital One National Association increased its stake in EQT Midstream Partners by 22.5% in the second quarter. Capital One National Association now owns 4,995 shares of the company’s stock worth $401,000 after buying an additional 919 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in EQT Midstream Partners during the second quarter worth approximately $130,000. Hollencrest Securities LLC purchased a new stake in EQT Midstream Partners during the second quarter worth approximately $305,000. Finally, BNP Paribas Arbitrage SA increased its stake in EQT Midstream Partners by 2.0% in the second quarter. BNP Paribas Arbitrage SA now owns 110,298 shares of the company’s stock worth $8,857,000 after buying an additional 2,196 shares in the last quarter.

EQT Midstream Partners Company Profile

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.

5 Day Chart for NYSE:EQM

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