EQT Midstream Partners LP (NYSE:EQM)‘s stock had its “hold” rating reaffirmed by equities researchers at Morgan Stanley in a research report issued on Wednesday. They currently have a $83.00 price target on the stock. Morgan Stanley’s price objective points to a potential upside of 6.14% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research raised EQT Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $86.00 price objective on the stock in a research note on Tuesday. Credit Suisse Group AG reissued a “neutral” rating on shares of EQT Midstream Partners in a research note on Tuesday, August 16th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $89.85.

Shares of EQT Midstream Partners (NYSE:EQM) opened at 78.20 on Wednesday. The company’s 50 day moving average price is $77.91 and its 200 day moving average price is $76.18. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 15.47 and a beta of 0.94. EQT Midstream Partners has a 52-week low of $56.52 and a 52-week high of $80.63.

EQT Midstream Partners (NYSE:EQM) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.12. The company earned $172 million during the quarter, compared to the consensus estimate of $172.47 million. During the same period in the previous year, the business posted $1.12 earnings per share. The firm’s revenue was up 18.9% on a year-over-year basis. Analysts forecast that EQT Midstream Partners will post $5.06 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Harvest Fund Advisors LLC raised its stake in shares of EQT Midstream Partners by 5.8% in the second quarter. Harvest Fund Advisors LLC now owns 2,856,833 shares of the company’s stock valued at $229,404,000 after buying an additional 156,941 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of EQT Midstream Partners by 421.9% in the second quarter. Cohen & Steers Inc. now owns 1,599,617 shares of the company’s stock valued at $13,693,000 after buying an additional 1,293,141 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of EQT Midstream Partners during the second quarter valued at approximately $1,776,000. Cypress Wealth Advisors LLC raised its stake in shares of EQT Midstream Partners by 7.0% in the second quarter. Cypress Wealth Advisors LLC now owns 9,550 shares of the company’s stock valued at $767,000 after buying an additional 625 shares in the last quarter. Finally, Balentine LLC bought a new stake in shares of EQT Midstream Partners during the second quarter valued at approximately $300,000.

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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