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EQT Midstream Partners (NYSE:EQM) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 491,011 shares, a decrease of 37.8% from the April 30th total of 789,660 shares, Stock Ratings Network.com reports. Based on an average daily trading volume, of 702,109 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.9% of the shares of the company are short sold.

A number of research firms have recently commented on EQM. 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. Separately, 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. Finally, analysts at RBC Capital raised their price target on shares of EQT Midstream Partners from $80.00 to $90.00 in a research note on Monday, April 28th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $79.36.

EQT Midstream Partners (NYSE:EQM) opened at 89.43 on Thursday. EQT Midstream Partners has a 1-year low of $42.16 and a 1-year 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 $4.275 billion and a price-to-earnings ratio of 36.60.

EQT Midstream Partners (NYSE:EQM) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 16.6% on a year-over-year basis. On average, analysts predict that EQT Midstream Partners will post $3.17 earnings per share for the current fiscal year.

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

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