Wolfe Research Lowers EQT Midstream Partners (EQM) to Peer Perform
EQT Midstream Partners (NYSE:EQM) was downgraded by analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a report released on Wednesday.
EQM has been the topic of a number of other research reports. Morgan Stanley cut their price target on shares of EQT Midstream Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, November 17th. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of EQT Midstream Partners in a report on Thursday, October 26th. Bank of America began coverage on shares of EQT Midstream Partners in a report on Tuesday, January 9th. They issued a “buy” rating and a $89.00 price target on the stock. Zacks Investment Research lowered shares of EQT Midstream Partners from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $84.00 target price (up previously from $74.00) on shares of EQT Midstream Partners in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $86.71.
Shares of EQT Midstream Partners (NYSE EQM) traded down $1.36 during trading on Wednesday, reaching $66.97. 41,850 shares of the company’s stock were exchanged, compared to its average volume of 339,475. The company has a market cap of $5,505.35, a price-to-earnings ratio of 12.81, a PEG ratio of 0.95 and a beta of 0.77. EQT Midstream Partners has a 1-year low of $64.42 and a 1-year high of $82.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.90 and a current ratio of 0.90.
About EQT Midstream Partners
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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