EQT Midstream Partners, (EQM) Given Daily News Impact Score of 0.10
News stories about EQT Midstream Partners, (NYSE:EQM) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. EQT Midstream Partners, earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the pipeline company an impact score of 46.817027770934 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
EQM has been the subject of a number of recent research reports. Scotiabank set a $94.00 price objective on EQT Midstream Partners, and gave the company a “hold” rating in a research report on Saturday, July 22nd. Royal Bank Of Canada reiterated a “buy” rating and set a $96.00 price objective on shares of EQT Midstream Partners, in a research report on Tuesday, October 10th. TheStreet upgraded EQT Midstream Partners, from a “c+” rating to a “b-” rating in a research report on Wednesday, July 19th. BidaskClub upgraded EQT Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research downgraded EQT Midstream Partners, from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. EQT Midstream Partners, presently has a consensus rating of “Hold” and a consensus price target of $91.50.
EQT Midstream Partners, (NYSE:EQM) traded down $1.61 during midday trading on Tuesday, hitting $69.28. 164,100 shares of the stock were exchanged, compared to its average volume of 255,407. EQT Midstream Partners, has a 1-year low of $68.76 and a 1-year high of $82.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $5,712.44, a P/E ratio of 13.58, a PEG ratio of 1.06 and a beta of 0.93.
EQT Midstream Partners, (NYSE:EQM) last posted its quarterly earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $207.20 million for the quarter, compared to the consensus estimate of $205.29 million. During the same period in the prior year, the business posted $1.23 earnings per share. EQT Midstream Partners,’s revenue for the quarter was up 17.2% compared to the same quarter last year. analysts anticipate that EQT Midstream Partners, will post 5.59 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Friday, November 3rd will be paid a $0.98 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This is an increase from EQT Midstream Partners,’s previous quarterly dividend of $0.94. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.66%. EQT Midstream Partners,’s dividend payout ratio is 75.10%.
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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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