Shares of EQT Midstream Partners LP (NYSE:EQM) have earned an average rating of “Buy” from the seventeen analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $63.00.

Several research firms have recently issued reports on EQM. Barclays lowered their price objective on EQT Midstream Partners from $68.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, July 11th. Jefferies Financial Group began coverage on EQT Midstream Partners in a research note on Wednesday, July 25th. They issued a “buy” rating and a $65.00 price objective for the company. Zacks Investment Research raised EQT Midstream Partners from a “sell” rating to a “hold” rating in a research note on Monday, July 16th. Bank of America lowered their price objective on EQT Midstream Partners from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Friday, July 27th. Finally, Stifel Nicolaus lowered their price objective on EQT Midstream Partners from $73.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, July 27th.

Shares of EQM stock traded down $0.22 on Friday, reaching $55.94. The company had a trading volume of 7,727 shares, compared to its average volume of 523,385. The stock has a market capitalization of $4.86 billion, a P/E ratio of 10.76 and a beta of 1.06. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.39. EQT Midstream Partners has a one year low of $48.91 and a one year high of $77.97.

EQT Midstream Partners (NYSE:EQM) last released its quarterly earnings data on Thursday, July 26th. The pipeline company reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.29). EQT Midstream Partners had a net margin of 63.76% and a return on equity of 26.66%. The firm had revenue of $269.76 million during the quarter, compared to analyst estimates of $247.61 million. During the same period in the prior year, the company earned $1.27 EPS. The business’s quarterly revenue was up 37.1% compared to the same quarter last year. equities analysts predict that EQT Midstream Partners will post 5.83 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in EQM. Rockefeller Capital Management L.P. acquired a new stake in EQT Midstream Partners during the 1st quarter valued at approximately $157,000. Ostrum Asset Management acquired a new stake in EQT Midstream Partners during the 1st quarter valued at approximately $241,000. Keybank National Association OH increased its position in EQT Midstream Partners by 26.2% during the 2nd quarter. Keybank National Association OH now owns 4,753 shares of the pipeline company’s stock valued at $245,000 after purchasing an additional 987 shares during the period. Advisory Services Network LLC increased its position in EQT Midstream Partners by 100.0% during the 2nd quarter. Advisory Services Network LLC now owns 5,200 shares of the pipeline company’s stock valued at $283,000 after purchasing an additional 2,600 shares during the period. Finally, Lake Street Advisors Group LLC acquired a new stake in EQT Midstream Partners during the 2nd quarter valued at approximately $298,000. 65.77% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

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