EQT Midstream Partners (EQM) Releases Quarterly Earnings, Beats Estimates By $0.06 EPS
EQT Midstream Partners (NYSE:EQM) posted its quarterly earnings results on Wednesday. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.06, StockRatingsNetwork reports. 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.
A number of research firms have recently commented on EQM. Analysts at Deutsche Bank raised their price target on shares of EQT Midstream Partners from $62.00 to $68.00 in a research note on Tuesday. They now have a “hold” rating on the stock. On the ratings front, analysts at Ladenburg Thalmann raised their price target on shares of EQT Midstream Partners from $60.00 to $70.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, 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, February 14th. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. EQT Midstream Partners currently has a consensus rating of “Buy” and a consensus price target of $73.71.
Shares of EQT Midstream Partners (NYSE:EQM) opened at 66.86 on Wednesday. EQT Midstream Partners has a 52-week low of $35.26 and a 52-week high of $67.80. The stock’s 50-day moving average is $62.08 and its 200-day moving average is $53.57. The company has a market cap of $3.196 billion and a price-to-earnings ratio of 27.72.
EQT Midstream Partners, LP owns, operates, acquires and develops midstream assets in the Appalachian Basin.
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