Investment Analysts’ Recent Ratings Changes for EQM Midstream Partners (EQM)

A number of firms have modified their ratings and price targets on shares of EQM Midstream Partners (NYSE: EQM) recently:

  • 12/3/2018 – EQM Midstream Partners was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $51.00 price target on the stock, down previously from $56.00.
  • 11/29/2018 – EQM Midstream Partners was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a $58.00 price target on the stock, down previously from $82.00.
  • 11/20/2018 – EQM Midstream Partners was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $66.00 price target on the stock.
  • 11/14/2018 – EQM Midstream Partners had its price target lowered by analysts at Morgan Stanley from $55.00 to $54.00. They now have a “buy” rating on the stock.
  • 10/30/2018 – EQM Midstream Partners was given a new $52.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.
  • 10/30/2018 – EQM Midstream Partners had its price target lowered by analysts at Morgan Stanley from $61.00 to $55.00. They now have a “buy” rating on the stock.
  • 10/12/2018 – EQM Midstream Partners had its price target lowered by analysts at Barclays PLC from $60.00 to $59.00. They now have an “overweight” rating on the stock.
  • 10/11/2018 – EQM Midstream Partners is now covered by analysts at Credit Suisse Group AG. They set a “neutral” rating and a $57.00 price target on the stock.
  • 10/9/2018 – EQM Midstream Partners had its price target lowered by analysts at Stifel Nicolaus from $61.00 to $60.00. They now have a “buy” rating on the stock.

Shares of EQM Midstream Partners stock traded down $1.71 during trading on Tuesday, reaching $46.37. 14,432 shares of the stock were exchanged, compared to its average volume of 980,410. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.69. The firm has a market cap of $5.81 billion, a P/E ratio of 8.93 and a beta of 1.13. EQM Midstream Partners LP has a 1 year low of $42.87 and a 1 year high of $77.97.

EQM Midstream Partners (NYSE:EQM) last posted its earnings results on Thursday, October 25th. The pipeline company reported $1.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.21 by ($0.07). The firm had revenue of $364.58 million for the quarter, compared to analysts’ expectations of $356.99 million. EQM Midstream Partners had a return on equity of 22.30% and a net margin of 60.71%. Research analysts forecast that EQM Midstream Partners LP will post 6.06 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Friday, November 2nd were issued a dividend of $1.115 per share. This is a positive change from EQM Midstream Partners’s previous quarterly dividend of $1.09. This represents a $4.46 dividend on an annualized basis and a dividend yield of 9.62%. The ex-dividend date of this dividend was Thursday, November 1st. EQM Midstream Partners’s dividend payout ratio is currently 85.93%.

Several institutional investors have recently bought and sold shares of the company. Gryphon Financial Partners LLC lifted its holdings in EQM Midstream Partners by 100.2% in the third quarter. Gryphon Financial Partners LLC now owns 3,791 shares of the pipeline company’s stock worth $200,000 after buying an additional 1,897 shares during the period. Gratus Capital LLC purchased a new stake in EQM Midstream Partners in the third quarter worth about $203,000. Cambridge Investment Research Advisors Inc. purchased a new stake in EQM Midstream Partners in the third quarter worth about $244,000. Keybank National Association OH lifted its holdings in EQM Midstream Partners by 26.2% in the second quarter. Keybank National Association OH now owns 4,753 shares of the pipeline company’s stock worth $245,000 after buying an additional 987 shares during the period. Finally, Berman Capital Advisors LLC purchased a new stake in EQM Midstream Partners in the third quarter worth about $261,000. Institutional investors own 68.68% of the company’s stock.

EQM 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 owns 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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