Brokerages forecast that EQT Midstream Partners (NYSE:EQM) will announce $231.55 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for EQT Midstream Partners’ earnings. The lowest sales estimate is $226.00 million and the highest is $237.41 million. EQT Midstream Partners reported sales of $203.43 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.8%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that EQT Midstream Partners will report full year sales of $1.03 billion for the current year, with estimates ranging from $949.10 million to $1.09 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.45 billion per share, with estimates ranging from $1.16 billion to $1.96 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover EQT Midstream Partners.

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EQT Midstream Partners (NYSE:EQM) last issued its quarterly earnings results on Thursday, February 15th. The pipeline company reported $1.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.27). EQT Midstream Partners had a net margin of 63.33% and a return on equity of 25.24%. The firm had revenue of $224.51 million during the quarter, compared to the consensus estimate of $226.22 million. During the same quarter last year, the firm posted $1.31 earnings per share. EQT Midstream Partners’s revenue was up 15.1% compared to the same quarter last year.

EQM has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their price target on EQT Midstream Partners from $90.00 to $89.00 and set a “buy” rating for the company in a report on Friday, February 16th. Bank of America initiated coverage on EQT Midstream Partners in a report on Tuesday, January 9th. They issued a “buy” rating and a $89.00 price target for the company. Seaport Global Securities upgraded EQT Midstream Partners from a “neutral” rating to a “buy” rating and lowered their price target for the company from $70.00 to $67.00 in a report on Monday, April 9th. TheStreet downgraded EQT Midstream Partners from a “b-” rating to a “c+” rating in a report on Monday, March 19th. Finally, ValuEngine downgraded EQT Midstream Partners from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $78.40.

A number of large investors have recently added to or reduced their stakes in EQM. Harel Insurance Investments & Financial Services Ltd. acquired a new position in EQT Midstream Partners during the 4th quarter valued at approximately $115,000. Captrust Financial Advisors acquired a new position in EQT Midstream Partners during the 4th quarter valued at approximately $122,000. Stuart Chaussee & Associates Inc. acquired a new position in EQT Midstream Partners during the 4th quarter valued at approximately $181,000. Advisory Services Network LLC boosted its position in EQT Midstream Partners by 95.9% during the 4th quarter. Advisory Services Network LLC now owns 2,600 shares of the pipeline company’s stock valued at $190,000 after purchasing an additional 1,273 shares during the period. Finally, V Wealth Management LLC acquired a new position in EQT Midstream Partners during the 4th quarter valued at approximately $214,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Shares of NYSE EQM traded up $0.98 during trading on Friday, reaching $62.68. The stock had a trading volume of 203,355 shares, compared to its average volume of 437,573. EQT Midstream Partners has a one year low of $55.40 and a one year high of $79.53. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $4,802.67, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94.

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EQT Midstream Partners Company Profile

EQT Midstream Partners, LP provides natural gas gathering, transmission, and storage services in Pennsylvania, West Virginia, and Ohio. The company owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company also owned approximately 300 miles of high pressure gathering lines and 1,500 miles of federal energy regulatory commission (FERC) regulated low pressure gathering lines; and approximately 950 miles of FERC regulated interstate pipelines.

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