Several other equities analysts have also issued reports on the company. Zacks Investment Research raised EQT Midstream Partners from a hold rating to a strong-buy rating and set a $86.00 price objective on the stock in a report 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 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 an average rating of Buy and a consensus price target of $89.05.
Shares of EQT Midstream Partners (NYSE:EQM) opened at 76.77 on Friday. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 15.18 and a beta of 0.94. EQT Midstream Partners has a 1-year low of $56.52 and a 1-year high of $80.63. The firm’s 50-day moving average price is $77.11 and its 200 day moving average price is $76.65.
EQT Midstream Partners (NYSE:EQM) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.12. The firm had revenue of $172 million for the quarter, compared to analysts’ expectations of $172.47 million. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 EPS. Equities research analysts expect that EQT Midstream Partners will post $5.06 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in EQM. Hamlin Capital Management LLC acquired a new position in shares of EQT Midstream Partners during the second quarter worth about $42,253,000. Conning Inc. boosted 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 worth $3,082,000 after buying an additional 112 shares in the last quarter. Energy Income Partners LLC boosted 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 worth $149,196,000 after buying an additional 82,235 shares in the last quarter. Glenmede Trust Co. NA boosted 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 worth $3,163,000 after buying an additional 17,915 shares in the last quarter. Finally, Americafirst Capital Management LLC acquired a new position in shares of EQT Midstream Partners during the second quarter worth about $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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