EQT Midstream Partners (EQM) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of EQT Midstream Partners (NYSE:EQM) from a buy rating to a hold rating in a research report report published on Sunday morning.

Several other research analysts have also commented on the company. Morgan Stanley cut their price objective on EQT Midstream Partners from $86.00 to $83.00 and set an overweight rating on the stock in a research report on Friday, November 17th. Mitsubishi UFJ Financial Group reissued an overweight rating on shares of EQT Midstream Partners in a research report on Thursday, October 26th. Royal Bank of Canada reissued a buy rating and issued a $96.00 price objective on shares of EQT Midstream Partners in a research report on Tuesday, October 10th. Seaport Global Securities initiated coverage on EQT Midstream Partners in a research report on Tuesday, October 10th. They issued a buy rating and a $96.00 price objective on the stock. Finally, US Capital Advisors lowered EQT Midstream Partners from a buy rating to a buy rating in a research report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $90.83.

Shares of EQT Midstream Partners (NYSE:EQM) traded up $1.50 on Friday, hitting $75.35. The company had a trading volume of 445,500 shares, compared to its average volume of 369,050. 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 cap of $6,170.00, a price-to-earnings ratio of 14.41, a P/E/G ratio of 1.08 and a beta of 0.90. EQT Midstream Partners has a twelve month low of $64.42 and a twelve month high of $82.99.

EQT Midstream Partners (NYSE:EQM) last issued its earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.02. The business had revenue of $207.20 million for the quarter, compared to analyst estimates of $205.29 million. EQT Midstream Partners had a return on equity of 25.85% and a net margin of 65.99%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. equities research analysts forecast that EQT Midstream Partners will post 5.63 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Linscomb & Williams Inc. increased its position in shares of EQT Midstream Partners by 0.3% during the second quarter. Linscomb & Williams Inc. now owns 4,134 shares of the pipeline company’s stock worth $309,000 after acquiring an additional 12 shares during the last quarter. Veritable L.P. increased its position in shares of EQT Midstream Partners by 5.0% during the second quarter. Veritable L.P. now owns 5,680 shares of the pipeline company’s stock worth $424,000 after acquiring an additional 269 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of EQT Midstream Partners by 5.9% during the second quarter. Alliancebernstein L.P. now owns 14,356 shares of the pipeline company’s stock worth $1,071,000 after acquiring an additional 803 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of EQT Midstream Partners by 14.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 6,721 shares of the pipeline company’s stock worth $504,000 after acquiring an additional 842 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of EQT Midstream Partners by 3.1% during the third quarter. Janney Montgomery Scott LLC now owns 35,320 shares of the pipeline company’s stock worth $2,648,000 after acquiring an additional 1,051 shares during the last quarter. 73.71% of the stock is currently owned by institutional investors and hedge funds.

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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.

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Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

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