EQT Midstream Partners LP Hits New 52-Week High at $60.40 (EQM)
Shares of EQT Midstream Partners LP (NYSE:EQM) hit a new 52-week high during trading hours on Thursday, Analyst Ratings Network.com reports. The company traded as high as $60.40 and last traded at $60.02, with a volume of 77,069 shares trading hands. The stock had previously closed at $59.86.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of EQT Midstream Partners LP from $50.00 to $62.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at Ladenburg Thalmann raised their price target on shares of EQT Midstream Partners LP from $57.50 to $60.00 in a research note to investors on Wednesday, December 18th. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of EQT Midstream Partners LP in a research note to investors on Wednesday, December 11th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $70.82.
EQT Midstream Partners LP has a 52-week low of $31.71 and a 52-week high of $60.40. The stock’s 50-day moving average is $55.87 and its 200-day moving average is $50.4. The company has a market cap of $2.870 billion and a price-to-earnings ratio of 25.53.
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 $2.31 EPS for the current fiscal year.
EQT Midstream Partners, LP owns, operates, acquires and develops midstream assets in the Appalachian Basin.
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