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EQT Midstream Partners (NYSE:EQM) has earned an average rating of “Buy” from the nineteen brokerages that are covering the company, American Banking & Market News reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $80.36.

Shares of EQT Midstream Partners (NYSE:EQM) traded up 0.73% during mid-day trading on Thursday, hitting $90.08. The stock had a trading volume of 68,461 shares. EQT Midstream Partners has a 52 week low of $42.16 and a 52 week high of $91.78. The stock’s 50-day moving average is $79.83 and its 200-day moving average is $67.49. The company has a market cap of $4.307 billion and a price-to-earnings ratio of 35.81. EQT Midstream Partners also saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 491,011 shares, a decline of 37.8% from the April 30th total of 789,660 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average daily volume of 702,109 shares, the days-to-cover ratio is currently 0.7 days.

EQT Midstream Partners (NYSE:EQM) last announced its earnings results on Thursday, April 24th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.10. The company had revenue of $62.57 million for the quarter, compared to the consensus estimate of $52.10 million. During the same quarter last year, the company posted $0.68 earnings per share. EQT Midstream Partners’s revenue was up 16.6% compared to the same quarter last year. Analysts expect that EQT Midstream Partners will post $3.17 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of EQT Midstream Partners from $90.00 to $107.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks upgraded shares of EQT Midstream Partners from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $79.20 price target on the stock. Finally, analysts at Ladenburg Thalmann downgraded shares of EQT Midstream Partners from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $74.00 price target on the stock, up previously from $70.00. They noted that the move was a valuation call.

EQT Midstream Partners, LP owns, operates, acquires and develops midstream assets in the Appalachian Basin.

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