Wall Street analysts forecast that EQT Midstream Partners (NYSE:EQM) will post earnings per share of $1.44 for the current quarter, Zacks reports. Four analysts have made estimates for EQT Midstream Partners’ earnings, with the highest EPS estimate coming in at $1.98 and the lowest estimate coming in at $1.21. EQT Midstream Partners posted earnings of $1.36 per share during the same quarter last year, which suggests a positive year over year growth rate of 5.9%. The firm is scheduled to report its next earnings report before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that EQT Midstream Partners will report full year earnings of $5.87 per share for the current year, with EPS estimates ranging from $4.75 to $7.97. For the next fiscal year, analysts forecast that the firm will post earnings of $7.40 per share, with EPS estimates ranging from $5.01 to $13.53. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for EQT Midstream Partners.

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EQT Midstream Partners (NYSE:EQM) last announced its earnings results on Thursday, February 15th. The pipeline company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.27). EQT Midstream Partners had a net margin of 63.33% and a return on equity of 25.24%. The business had revenue of $224.51 million for the quarter, compared to the consensus estimate of $226.22 million. During the same quarter in the previous year, the company earned $1.31 EPS. EQT Midstream Partners’s revenue for the quarter was up 15.1% compared to the same quarter last year.

Several brokerages recently weighed in on EQM. Wells Fargo restated an “outperform” rating and set a $77.00 target price (down previously from $85.00) on shares of EQT Midstream Partners in a research note on Wednesday, February 21st. Seaport Global Securities upgraded EQT Midstream Partners from a “neutral” rating to a “buy” rating and decreased their target price for the company from $70.00 to $67.00 in a research note on Monday, April 9th. Stifel Nicolaus set a $90.00 price target on EQT Midstream Partners and gave the company a “buy” rating in a report on Wednesday, January 17th. Wolfe Research cut EQT Midstream Partners from an “outperform” rating to a “peer perform” rating and cut their price target for the company from $85.00 to $76.00 in a report on Wednesday, February 14th. Finally, Zacks Investment Research cut EQT Midstream Partners from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven 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 $78.40.

A number of institutional investors have recently bought and sold shares of EQM. Harel Insurance Investments & Financial Services Ltd. acquired a new position in EQT Midstream Partners in the 4th quarter valued at approximately $115,000. Captrust Financial Advisors acquired a new position in EQT Midstream Partners in the 4th quarter valued at approximately $122,000. Stuart Chaussee & Associates Inc. acquired a new position in shares of EQT Midstream Partners in the 4th quarter worth approximately $181,000. Advisory Services Network LLC raised its holdings in shares of EQT Midstream Partners by 95.9% in the 4th quarter. Advisory Services Network LLC now owns 2,600 shares of the pipeline company’s stock worth $190,000 after buying an additional 1,273 shares in the last quarter. Finally, V Wealth Management LLC acquired a new position in shares of EQT Midstream Partners in the 4th quarter worth approximately $214,000. 71.35% of the stock is owned by hedge funds and other institutional investors.

NYSE:EQM traded up $0.98 during mid-day trading on Thursday, hitting $62.68. 203,355 shares of the company’s stock traded hands, compared to its average volume of 437,573. EQT Midstream Partners has a 12 month low of $55.40 and a 12 month high of $79.53. The company has a market cap of $4,802.67, a price-to-earnings ratio of 12.19, a PEG ratio of 0.85 and a beta of 0.94. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.54.

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EQT Midstream Partners Company Profile

EQT Midstream Partners, LP provides natural gas gathering, transmission, and storage services in Pennsylvania, West Virginia, and Ohio. The company owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company also owned approximately 300 miles of high pressure gathering lines and 1,500 miles of federal energy regulatory commission (FERC) regulated low pressure gathering lines; and approximately 950 miles of FERC regulated interstate pipelines.

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