EQT Midstream Partners (EQM) Now Covered by Credit Suisse Group

Credit Suisse Group started coverage on shares of EQT Midstream Partners (NYSE:EQM) in a research note published on Friday, MarketBeat reports. The brokerage issued a neutral rating and a $71.00 price target on the pipeline company’s stock.

A number of other research firms have also recently weighed in on EQM. Seaport Global Securities assumed coverage on shares of EQT Midstream Partners in a report on Tuesday, October 10th. They issued a buy rating and a $96.00 price objective for the company. Royal Bank of Canada reiterated a buy rating and issued a $96.00 target price on shares of EQT Midstream Partners in a research report on Tuesday, October 10th. Zacks Investment Research lowered shares of EQT Midstream Partners from a hold rating to a strong sell rating in a research report on Monday, October 16th. ValuEngine lowered shares of EQT Midstream Partners from a buy rating to a hold rating in a research report on Sunday, December 31st. Finally, Mitsubishi UFJ Financial Group reiterated an overweight rating on shares of EQT Midstream Partners in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. EQT Midstream Partners has a consensus rating of Hold and an average target price of $88.00.

EQT Midstream Partners (NYSE EQM) traded down $0.43 on Friday, reaching $75.14. 288,500 shares of the company’s stock were exchanged, compared to its average volume of 322,175. EQT Midstream Partners has a one year low of $64.42 and a one year high of $82.99. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $6,170.00, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

EQT Midstream Partners (NYSE:EQM) last released its quarterly earnings data on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.02. EQT Midstream Partners had a net margin of 65.99% and a return on equity of 25.85%. The company had revenue of $207.20 million during the quarter, compared to analysts’ expectations of $205.29 million. During the same quarter in the previous year, the company earned $1.23 earnings per share. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. analysts predict that EQT Midstream Partners will post 5.63 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BP Capital Fund Advisors LLC boosted its position in EQT Midstream Partners by 26.1% during the second quarter. BP Capital Fund Advisors LLC now owns 49,782 shares of the pipeline company’s stock worth $3,715,000 after acquiring an additional 10,308 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in EQT Midstream Partners by 806.5% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 41,700 shares of the pipeline company’s stock worth $3,126,000 after acquiring an additional 37,100 shares during the last quarter. Atlantic Trust Group LLC boosted its position in EQT Midstream Partners by 8.2% during the second quarter. Atlantic Trust Group LLC now owns 49,479 shares of the pipeline company’s stock worth $3,692,000 after acquiring an additional 3,760 shares during the last quarter. Dividend Assets Capital LLC boosted its holdings in EQT Midstream Partners by 0.4% in the 3rd quarter. Dividend Assets Capital LLC now owns 506,909 shares of the pipeline company’s stock valued at $38,003,000 after purchasing an additional 1,886 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. boosted its holdings in EQT Midstream Partners by 3.8% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 64,772 shares of the pipeline company’s stock valued at $4,834,000 after purchasing an additional 2,367 shares during the last quarter. Hedge funds and other institutional investors own 73.71% of the company’s stock.

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EQT Midstream Partners Company Profile

EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company’s segments include Gathering and Transmission. The Gathering segment primarily includes high pressure gathering lines and the Federal Energy Regulatory Commission (FERC)-regulated low pressure gathering system.

Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

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