SunTrust Increases EQT Midstream Partners LP Price Target to $95.00 (EQM)
Investment analysts at SunTrust raised their price target on shares of EQT Midstream Partners LP (NYSE:EQM) from $90.00 to $95.00 in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. SunTrust’s target price would indicate a potential upside of 82.24% from the company’s current price.
EQT Midstream Partners LP (NYSE:EQM) traded up 0.71% on Friday, hitting $52.13. 150,086 shares of the company’s stock traded hands. EQT Midstream Partners LP has a 1-year low of $26.81 and a 1-year 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 $1.808 billion and a P/E ratio of 38.34.
EQT Midstream Partners LP (NYSE:EQM) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.11. The company had revenue of $45.88 million for the quarter, compared to the consensus estimate of $46.83 million. During the same quarter last year, the company posted $0.40 earnings per share. EQT Midstream Partners LP’s revenue was up 33.2% compared to the same quarter last year. Analysts expect that EQT Midstream Partners LP will post $2.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, November 14th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Thursday, October 31st. This is a positive change from EQT Midstream Partners LP’s previous quarterly dividend of $0.40.
A number of other analysts have also recently weighed in on EQM. Analysts at RBC Capital raised their price target on shares of EQT Midstream Partners LP from $54.00 to $60.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of EQT Midstream Partners LP from $55.00 to $61.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Zacks downgraded shares of EQT Midstream Partners LP from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, October 9th. They now have a $47.80 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $69.02.
EQT Midstream Partners, LP owns, operates, acquires and develops midstream assets in the Appalachian Basin.
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