Stifel Nicolaus set a $90.00 price objective on EQT Midstream Partners (NYSE:EQM) in a research report report published on Wednesday, MarketBeat.com reports. The brokerage currently has a buy rating on the pipeline company’s stock.

A number of other equities analysts have also commented on the stock. US Capital Advisors lowered shares of EQT Midstream Partners from a buy rating to a buy rating in a report on Friday, November 17th. Royal Bank of Canada reissued a buy rating and issued a $96.00 price target on shares of EQT Midstream Partners in a report on Tuesday, October 10th. Mitsubishi UFJ Financial Group reissued an overweight rating on shares of EQT Midstream Partners in a report on Thursday, October 26th. Morgan Stanley decreased their price target 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, November 17th. Finally, Zacks Investment Research lowered shares of EQT Midstream Partners from a hold rating to a strong sell rating in a report on Monday, October 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. EQT Midstream Partners has an average rating of Hold and an average target price of $89.50.

EQT Midstream Partners (NYSE:EQM) traded up $0.17 during trading on Wednesday, reaching $76.51. 216,166 shares of the company were exchanged, compared to its average volume of 278,632. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.52. The company has a market cap of $6,151.61, a price-to-earnings ratio of 14.63, a PEG ratio of 1.06 and a beta of 0.89. EQT Midstream Partners has a twelve month low of $64.42 and a twelve month high of $82.99.

EQT Midstream Partners (NYSE:EQM) last issued its quarterly earnings results on Thursday, October 26th. The pipeline company reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.02. The firm had revenue of $207.20 million for the quarter, compared to analyst estimates of $205.29 million. EQT Midstream Partners had a net margin of 65.99% and a return on equity of 25.85%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.23 EPS. research analysts anticipate that EQT Midstream Partners will post 5.32 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in EQM. Alps Advisors Inc. boosted its stake in shares of EQT Midstream Partners by 11.2% in the 3rd quarter. Alps Advisors Inc. now owns 4,761,137 shares of the pipeline company’s stock valued at $356,942,000 after purchasing an additional 480,995 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of EQT Midstream Partners by 20.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,271,917 shares of the pipeline company’s stock valued at $93,817,000 after purchasing an additional 219,261 shares in the last quarter. Cadence Capital Management LLC purchased a new stake in shares of EQT Midstream Partners in the 3rd quarter valued at $11,963,000. American Century Companies Inc. boosted its stake in shares of EQT Midstream Partners by 14.2% in the 3rd quarter. American Century Companies Inc. now owns 1,028,054 shares of the pipeline company’s stock valued at $77,073,000 after purchasing an additional 127,956 shares in the last quarter. Finally, ING Groep NV boosted its stake in shares of EQT Midstream Partners by 15.0% in the 3rd quarter. ING Groep NV now owns 799,500 shares of the pipeline company’s stock valued at $59,939,000 after purchasing an additional 104,500 shares in the last quarter. 73.78% of the stock is owned by institutional investors.

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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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