EQT Midstream Partners Price Target Raised to $70.00 at Ladenburg Thalmann (EQM)
Ladenburg Thalmann lifted their price objective on shares of EQT Midstream Partners (NYSE:EQM) from $60.00 to $70.00 in a research note issued on Tuesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Ladenburg Thalmann’s target price would indicate a potential upside of 7.69% from the company’s current price.
EQM has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of EQT Midstream Partners from $61.00 to $71.00 in a research note on Friday. They now have an “overweight” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of EQT Midstream Partners from $60.00 to $71.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Credit Suisse downgraded shares of EQT Midstream Partners from an “outperform” rating to a “neutral” rating in a research note on Friday. They now have a $66.00 price target on the stock, up previously from $65.00. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $73.35.
Shares of EQT Midstream Partners (NYSE:EQM) traded up 2.93% during mid-day trading on Tuesday, hitting $66.9076. 137,506 shares of the company’s stock traded hands. EQT Midstream Partners has a 1-year low of $35.26 and a 1-year high of $67.80. The stock has a 50-day moving average of $61.83 and a 200-day moving average of $53.43. The company has a market cap of $3.199 billion and a P/E ratio of 27.72.
EQT Midstream Partners (NYSE:EQM) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.06. The company had revenue of $50.81 million for the quarter, compared to the consensus estimate of $49.96 million. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. Analysts expect that EQT Midstream Partners will post $2.60 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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