EQT Midstream Partners LP (EQM) Given New $82.00 Price Target at Stifel Nicolaus
Other analysts have also issued reports about the company. Zacks Investment Research raised EQT Midstream Partners from a hold rating to a buy rating and set a $85.00 price target on the stock in a research note on Wednesday, October 5th. Morgan Stanley reissued a hold rating and set a $83.00 price target on shares of EQT Midstream Partners in a research note on Wednesday, September 21st. Finally, Credit Suisse Group AG reaffirmed 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 and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $89.05.
EQT Midstream Partners (NYSE:EQM) traded down 0.34% on Friday, reaching $76.59. 20,264 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $77.27 and a 200 day moving average of $76.54. EQT Midstream Partners has a 12 month low of $56.52 and a 12 month high of $80.63. The stock has a market capitalization of $6.17 billion, a PE ratio of 15.15 and a beta of 0.94.
EQT Midstream Partners (NYSE:EQM) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.12. The business earned $172 million during the quarter, compared to analyst estimates of $172.47 million. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the business earned $1.12 earnings per share. Equities analysts predict that EQT Midstream Partners will post $5.06 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. Advisor Consultant Network Inc. bought a new stake in shares of EQT Midstream Partners during the third quarter valued at about $500,000. Fox Run Management L.L.C. acquired a new position in EQT Midstream Partners during the third quarter valued at $320,000. Creative Planning boosted its position in EQT Midstream Partners by 45.8% in the third quarter. Creative Planning now owns 2,294 shares of the company’s stock valued at $175,000 after buying an additional 721 shares in the last quarter. Catawba Capital Management VA acquired a new position in EQT Midstream Partners during the third quarter valued at $464,000. Finally, Harvest Fund Advisors LLC boosted its position in 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 in the last quarter.
EQT Midstream Partners Company Profile
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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