EQT Midstream Partners LP Price Target Increased to $120.00 by Analysts at BMO Capital Markets (EQM)
BMO Capital Markets boosted their price target on shares of EQT Midstream Partners LP (NYSE:EQM) from $110.00 to $120.00 in a research note issued on Monday, American Banking News reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 143.80% from the stock’s previous close.
Shares of EQT Midstream Partners LP (NYSE:EQM) traded down 0.12% on Monday, hitting $49.22. The stock had a trading volume of 106,348 shares. EQT Midstream Partners LP has a 52-week low of $27.53 and a 52-week high of $51.72. The stock has a 50-day moving average of $46.92 and a 200-day moving average of $44.68. The company has a market cap of $1.707 billion and a price-to-earnings ratio of 36.02.
EQT Midstream Partners LP (NYSE:EQM) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $44.84 million for the quarter, compared to the consensus estimate of $42.44 million. The company’s revenue for the quarter was up 50.8% on a year-over-year basis. On average, analysts predict that EQT Midstream Partners LP will post $2.20 earnings per share for the current fiscal year.
A number of other firms have also recently commented on EQM. Analysts at M Partners initiated coverage on shares of EQT Midstream Partners LP (NYSE:EQM) in a research note to investors on Wednesday, September 4th. They set a “sell” rating and a $50.00 price target on the stock. Separately, analysts at Oppenheimer initiated coverage on shares of EQT Midstream Partners LP (NYSE:EQM) in a research note to investors on Tuesday, September 3rd. They set an “outperform” rating and a $55.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of EQT Midstream Partners LP (NYSE:EQM) from $95.00 to $99.00 in a research note to investors on Thursday, August 29th. They now have a “buy” rating on the stock.
One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $65.92.
EQT Midstream Partners, LP owns, operates, acquires and develops midstream assets in the Appalachian Basin.
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