A number of other analysts have also recently weighed in on the company. Credit Suisse Group AG reissued a neutral rating on shares of EQT Midstream Partners in a research report on Tuesday, August 16th. Zacks Investment Research raised EQT Midstream Partners from a sell rating to a hold rating in a research report on Monday, August 1st. Stifel Nicolaus raised their price objective on EQT Midstream Partners from $78.00 to $82.00 and gave the stock a hold rating in a research report on Friday, October 14th. Finally, Morgan Stanley reissued a hold rating and issued a $83.00 price objective on shares of EQT Midstream Partners in a research report on Wednesday, September 21st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $89.05.
Shares of EQT Midstream Partners (NYSE:EQM) opened at 76.77 on Friday. The stock has a market cap of $6.19 billion, a PE ratio of 15.18 and a beta of 0.94. The firm has a 50-day moving average price of $77.11 and a 200-day moving average price of $76.65. EQT Midstream Partners has a 12 month low of $56.52 and a 12 month high of $80.63.
EQT Midstream Partners (NYSE:EQM) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.12. The company earned $172 million during the quarter, compared to analysts’ expectations of $172.47 million. During the same quarter in the prior year, the business posted $1.12 earnings per share. The company’s revenue was up 18.9% compared to the same quarter last year. Equities analysts forecast that EQT Midstream Partners will post $5.06 EPS for the current year.
Institutional investors have recently modified their holdings of the company. Zions Bancorporation purchased a new position in shares of EQT Midstream Partners during the first quarter worth approximately $113,000. Americafirst Capital Management LLC purchased a new position in shares of EQT Midstream Partners during the second quarter worth approximately $130,000. CENTRAL TRUST Co raised its position in shares of EQT Midstream Partners by 31.3% in the second quarter. CENTRAL TRUST Co now owns 1,699 shares of the company’s stock worth $136,000 after buying an additional 405 shares in the last quarter. Solaris Asset Management LLC raised its position in shares of EQT Midstream Partners by 28.1% in the second quarter. Solaris Asset Management LLC now owns 2,050 shares of the company’s stock worth $165,000 after buying an additional 450 shares in the last quarter. Finally, Creative Planning raised 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 worth $175,000 after buying an additional 721 shares in the last quarter.
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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