Investment analysts at Credit Suisse Group began coverage on shares of EQT Midstream Partners (NYSE:EQM) in a research note issued on Thursday, The Fly reports. The firm set a “neutral” rating and a $57.00 price target on the pipeline company’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 8.67% from the stock’s current price.

Several other analysts have also issued reports on EQM. Barclays reduced their target price on EQT Midstream Partners from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, July 11th. Jefferies Financial Group began coverage on EQT Midstream Partners in a report on Wednesday, July 25th. They set a “buy” rating and a $65.00 target price on the stock. Zacks Investment Research raised EQT Midstream Partners from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Bank of America reduced their target price on EQT Midstream Partners from $66.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday, July 27th. Finally, Stifel Nicolaus reduced their target price on EQT Midstream Partners from $73.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $62.50.

Shares of NYSE EQM opened at $52.45 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.39. EQT Midstream Partners has a one year low of $48.91 and a one year high of $77.97. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 10.11 and a beta of 1.07.

EQT Midstream Partners (NYSE:EQM) last issued its quarterly earnings data on Thursday, July 26th. The pipeline company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.29). The firm had revenue of $269.76 million during the quarter, compared to analyst estimates of $247.61 million. EQT Midstream Partners had a net margin of 63.76% and a return on equity of 26.66%. The business’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.27 earnings per share. Equities analysts forecast that EQT Midstream Partners will post 5.8 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Diversified Trust Co lifted its position in shares of EQT Midstream Partners by 16.1% during the 2nd quarter. Diversified Trust Co now owns 23,190 shares of the pipeline company’s stock worth $1,196,000 after buying an additional 3,215 shares during the last quarter. Tortoise Index Solutions LLC lifted its position in shares of EQT Midstream Partners by 16.2% during the 2nd quarter. Tortoise Index Solutions LLC now owns 8,908 shares of the pipeline company’s stock worth $460,000 after buying an additional 1,242 shares during the last quarter. Keybank National Association OH lifted its position in shares of EQT Midstream Partners by 26.2% during the 2nd quarter. Keybank National Association OH now owns 4,753 shares of the pipeline company’s stock worth $245,000 after buying an additional 987 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of EQT Midstream Partners by 3.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 135,435 shares of the pipeline company’s stock worth $6,988,000 after buying an additional 3,886 shares during the last quarter. Finally, Securian Asset Management Inc lifted its position in shares of EQT Midstream Partners by 179.7% during the 2nd quarter. Securian Asset Management Inc now owns 36,578 shares of the pipeline company’s stock worth $1,887,000 after buying an additional 23,500 shares during the last quarter. Institutional investors and hedge funds own 65.72% of the company’s stock.

About EQT Midstream Partners

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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Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

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