EQT Midstream Partners LP (NYSE:EQM) had its price objective boosted by Stifel Nicolaus from $78.00 to $82.00 in a report released on Friday. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 7.01% from the company’s previous close.
EQM has been the topic of a number of other research reports. Zacks Investment Research raised EQT Midstream Partners from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Morgan Stanley reaffirmed a “hold” rating and issued a $83.00 price objective on shares of EQT Midstream Partners in a report on Wednesday, September 21st. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating on shares of EQT Midstream Partners in a report on Tuesday, August 16th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. EQT Midstream Partners has a consensus rating of “Buy” and an average price target of $89.05.
Shares of EQT Midstream Partners (NYSE:EQM) opened at 76.63 on Friday. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 15.16 and a beta of 0.94. The stock has a 50 day moving average price of $77.20 and a 200-day moving average price of $76.62. EQT Midstream Partners has a 52-week low of $56.52 and a 52-week high of $80.63.
EQT Midstream Partners (NYSE:EQM) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.12. The business earned $172 million during the quarter, compared to analysts’ expectations of $172.47 million. During the same period in the prior year, the firm posted $1.12 EPS. EQT Midstream Partners’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, equities research analysts predict that EQT Midstream Partners will post $5.06 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Hamlin Capital Management LLC bought a new position in shares of EQT Midstream Partners during the second quarter valued at about $42,253,000. Conning Inc. increased its position in shares of EQT Midstream Partners by 0.3% in the second quarter. Conning Inc. now owns 38,380 shares of the company’s stock valued at $3,082,000 after buying an additional 112 shares during the period. Energy Income Partners LLC increased its position in shares of EQT Midstream Partners by 4.3% in the first quarter. Energy Income Partners LLC now owns 2,004,518 shares of the company’s stock valued at $149,196,000 after buying an additional 82,235 shares during the period. Glenmede Trust Co. NA increased its position in shares of EQT Midstream Partners by 83.4% in the second quarter. Glenmede Trust Co. NA now owns 39,405 shares of the company’s stock valued at $3,163,000 after buying an additional 17,915 shares during the period. Finally, Americafirst Capital Management LLC acquired a new position in shares of EQT Midstream Partners during the second quarter valued at $130,000.
About EQT Midstream Partners
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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