EQT Midstream Partners, LP (NYSE:EQM) was downgraded by analysts at US Capital Advisors to a “buy” rating in a research report issued to clients and investors on Friday.

Other equities analysts also recently issued research reports about the stock. Seaport Global Securities initiated coverage on shares of EQT Midstream Partners, in a report on Tuesday, October 10th. They set a “buy” rating and a $96.00 price objective on the stock. Royal Bank Of Canada restated a “buy” rating and set a $96.00 price objective on shares of EQT Midstream Partners, in a report on Tuesday, October 10th. Stifel Nicolaus set a $79.00 price objective on shares of EQT Midstream Partners, and gave the company a “hold” rating in a report on Friday, August 25th. Scotiabank set a $94.00 price objective on shares of EQT Midstream Partners, and gave the company a “hold” rating in a report on Saturday, July 22nd. Finally, Morgan Stanley cut their price objective on shares of EQT Midstream Partners, from $86.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $90.83.

EQT Midstream Partners, (NYSE EQM) traded up $0.08 on Friday, hitting $67.98. 192,000 shares of the stock traded hands, compared to its average volume of 255,056. EQT Midstream Partners, has a 12-month low of $66.87 and a 12-month high of $82.99. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $5,471.50, a P/E ratio of 13.01, a P/E/G ratio of 1.01 and a beta of 0.93.

EQT Midstream Partners, (NYSE:EQM) last posted its quarterly earnings data on Thursday, October 26th. The pipeline company reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.02. EQT Midstream Partners, had a net margin of 65.99% and a return on equity of 25.85%. The firm had revenue of $207.20 million for the quarter, compared to the consensus estimate of $205.29 million. During the same quarter in the prior year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. research analysts expect that EQT Midstream Partners, will post 5.59 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in EQT Midstream Partners, by 7.2% in the 1st quarter. Bank of New York Mellon Corp now owns 24,884 shares of the pipeline company’s stock worth $1,913,000 after purchasing an additional 1,679 shares in the last quarter. Alliancebernstein L.P. boosted its position in EQT Midstream Partners, by 40.6% in the 1st quarter. Alliancebernstein L.P. now owns 13,553 shares of the pipeline company’s stock worth $1,042,000 after purchasing an additional 3,913 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in EQT Midstream Partners, in the 1st quarter worth approximately $7,040,000. Creative Planning boosted its position in EQT Midstream Partners, by 22.6% in the 2nd quarter. Creative Planning now owns 7,210 shares of the pipeline company’s stock worth $538,000 after purchasing an additional 1,330 shares in the last quarter. Finally, Goodwin Daniel L purchased a new stake in EQT Midstream Partners, in the 2nd quarter worth approximately $918,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.

EQT Midstream Partners, Company Profile

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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