Other research analysts also recently issued reports about the company. Stifel Nicolaus lifted their target price on EQT Midstream Partners from $78.00 to $82.00 and gave the stock a hold rating in a research note on Friday. Zacks Investment Research upgraded EQT Midstream Partners from a hold rating to a strong-buy rating and set a $86.00 target price for the company in a research note on Tuesday, September 20th. Credit Suisse Group AG reiterated a neutral rating on shares of EQT Midstream Partners in a research note on Tuesday, August 16th. Finally, Morgan Stanley reiterated a hold rating and set a $83.00 target price on shares of EQT Midstream Partners in a research note on Wednesday, September 21st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $89.05.
EQT Midstream Partners (NYSE:EQM) traded down 0.34% during trading on Friday, reaching $76.59. 20,264 shares of the company’s stock traded hands. EQT Midstream Partners has a 12 month low of $56.52 and a 12 month high of $80.63. The company has a 50-day moving average of $77.27 and a 200 day moving average of $76.54. The stock has a market capitalization of $6.17 billion, a P/E ratio of 15.15 and a beta of 0.94.
EQT Midstream Partners (NYSE:EQM) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.12. The company had revenue of $172 million for the quarter, compared to analyst estimates of $172.47 million. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period last year, the firm earned $1.12 EPS. On average, equities research analysts expect that EQT Midstream Partners will post $5.06 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in EQM. Advisor Consultant Network Inc. bought a new position in shares of EQT Midstream Partners during the third quarter valued at $500,000. Fox Run Management L.L.C. bought a new position in shares of EQT Midstream Partners during the third quarter valued at $320,000. Creative Planning boosted its position in shares of EQT Midstream Partners by 45.8% in the third quarter. Creative Planning now owns 2,294 shares of the company’s stock valued at $175,000 after buying an additional 721 shares in the last quarter. Catawba Capital Management VA bought a new position in shares of EQT Midstream Partners during the third quarter valued at $464,000. Finally, Harvest Fund Advisors LLC boosted its position in shares of EQT Midstream Partners by 5.8% in the second quarter. Harvest Fund Advisors LLC now owns 2,856,833 shares of the company’s stock valued at $229,404,000 after buying an additional 156,941 shares in the last quarter.
EQT Midstream Partners Company Profile
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.
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