Seaport Global Securities started coverage on shares of EQT Midstream Partners, LP (NYSE:EQM) in a research report sent to investors on Tuesday. The brokerage issued a buy rating and a $96.00 price target on the pipeline company’s stock. Seaport Global Securities also issued estimates for EQT Midstream Partners,’s Q3 2017 earnings at $1.22 EPS, Q4 2017 earnings at $1.29 EPS and FY2017 earnings at $5.15 EPS.

A number of other analysts have also recently weighed in on EQM. Royal Bank Of Canada reissued a buy rating and set a $96.00 price objective on shares of EQT Midstream Partners, in a report on Tuesday. BidaskClub raised shares of EQT Midstream Partners, from a strong sell rating to a sell rating in a report on Tuesday, June 27th. Stifel Nicolaus set a $79.00 price objective on shares of EQT Midstream Partners, and gave the stock a hold rating in a report on Friday, August 25th. Morgan Stanley raised their price objective on shares of EQT Midstream Partners, from $86.00 to $87.00 and gave the stock an overweight rating in a report on Friday, July 14th. Finally, TheStreet raised shares of EQT Midstream Partners, from a c+ rating to a b- rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. EQT Midstream Partners, presently has an average rating of Hold and an average price target of $91.50.

EQT Midstream Partners, (EQM) traded down 0.359% during mid-day trading on Tuesday, reaching $76.345. 46,137 shares of the company’s stock traded hands. The stock has a market capitalization of $6.15 billion, a PE ratio of 14.710 and a beta of 0.88. The stock’s 50 day moving average is $75.00 and its 200-day moving average is $75.11. EQT Midstream Partners, has a 52 week low of $69.20 and a 52 week high of $82.99.

EQT Midstream Partners, (NYSE:EQM) last released its quarterly earnings data on Thursday, July 27th. The pipeline company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.04). EQT Midstream Partners, had a return on equity of 25.61% and a net margin of 66.99%. The company had revenue of $199.00 million for the quarter, compared to analyst estimates of $195.00 million. During the same period in the previous year, the business posted $1.27 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities analysts anticipate that EQT Midstream Partners, will post $5.54 EPS for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in EQM. ING Groep NV grew its position in shares of EQT Midstream Partners, by 248.4% during the second quarter. ING Groep NV now owns 695,000 shares of the pipeline company’s stock worth $51,868,000 after acquiring an additional 495,500 shares during the last quarter. Marshall Wace North America L.P. grew its position in shares of EQT Midstream Partners, by 282.2% during the second quarter. Marshall Wace North America L.P. now owns 488,401 shares of the pipeline company’s stock worth $36,630,000 after acquiring an additional 360,601 shares during the last quarter. Hamlin Capital Management LLC grew its position in shares of EQT Midstream Partners, by 26.6% during the second quarter. Hamlin Capital Management LLC now owns 1,116,129 shares of the pipeline company’s stock worth $83,297,000 after acquiring an additional 234,542 shares during the last quarter. Bank of Montreal Can grew its position in shares of EQT Midstream Partners, by 25.4% during the second quarter. Bank of Montreal Can now owns 1,092,190 shares of the pipeline company’s stock worth $81,510,000 after acquiring an additional 221,005 shares during the last quarter. Finally, Citigroup Inc. grew its position in shares of EQT Midstream Partners, by 60.0% during the second quarter. Citigroup Inc. now owns 449,721 shares of the pipeline company’s stock worth $33,563,000 after acquiring an additional 168,675 shares during the last quarter. Institutional investors and hedge funds own 73.46% 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.

Analyst Recommendations for EQT Midstream Partners, (NYSE:EQM)

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