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EQT Midstream Partners (NYSE:EQM)’s share price reached a new 52-week high on Friday after RBC Capital raised their price target on the stock from $90.00 to $107.00, American Banking and Market News reports. RBC Capital currently has an outperform rating on the stock. EQT Midstream Partners traded as high as $96.35 and last traded at $94.49, with a volume of 590,530 shares. The stock had previously closed at $89.99.

Other equities research analysts have also recently issued reports about the stock. 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 Goldman Sachs initiated coverage on shares of EQT Midstream Partners in a research note on Friday, April 25th. They set a “neutral” rating and a $76.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $80.36.

The stock has a 50-day moving average of $80.24 and a 200-day moving average of $67.65. The company has a market cap of $4.518 billion and a P/E ratio of 36.04. EQT Midstream Partners also was the target of a significant decrease in short interest during 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. Currently, 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 702,109 shares, the short-interest 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. On average, analysts predict that EQT Midstream Partners will post $3.15 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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