EQT Midstream Partners LP (NYSE:EQM) had its target price boosted by equities research analysts at Stifel Nicolaus from $78.00 to $82.00 in a research note issued on Friday. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 6.23% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of EQT Midstream Partners from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Wednesday, October 5th. Morgan Stanley reissued a “hold” rating and set a $83.00 price target on shares of EQT Midstream Partners in a research report on Wednesday, September 21st. Finally, Credit Suisse Group AG reissued a “neutral” rating on shares of EQT Midstream Partners in a research report on Tuesday, August 16th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $89.05.

Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

EQT Midstream Partners (NYSE:EQM) opened at 77.19 on Friday. The firm’s 50-day moving average is $77.34 and its 200-day moving average is $76.50. The stock has a market cap of $6.22 billion, a P/E ratio of 15.27 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.

EQT Midstream Partners (NYSE:EQM) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.27 earnings per share for the quarter, beating 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. The company’s revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 EPS. Equities research analysts predict that EQT Midstream Partners will post $5.06 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Hamlin Capital Management LLC purchased a new stake in EQT Midstream Partners during the second quarter valued at $42,253,000. Conning Inc. increased its stake in EQT Midstream Partners by 0.3% in the second quarter. Conning Inc. now owns 38,380 shares of the company’s stock valued at $3,082,000 after buying an additional 112 shares during the last quarter. Energy Income Partners LLC increased its stake in shares of EQT Midstream Partners by 4.3% in the first quarter. Energy Income Partners LLC now owns 2,004,518 shares of the company’s stock valued at $149,196,000 after buying an additional 82,235 shares in the last quarter. Glenmede Trust Co. NA increased its stake in shares of EQT Midstream Partners by 83.4% in the second quarter. Glenmede Trust Co. NA now owns 39,405 shares of the company’s stock valued at $3,163,000 after buying an additional 17,915 shares in the last quarter. Finally, Americafirst Capital Management LLC bought a new stake in shares of EQT Midstream Partners during the second quarter valued at $130,000.

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.

5 Day Chart for NYSE:EQM

Receive News & Stock Ratings for EQT Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Midstream Partners LP and related stocks with our FREE daily email newsletter.