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EQT Midstream Partners (NYSE:EQM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Friday. The firm currently has a $102.50 price objective on the stock. Zacks‘s price target indicates a potential upside of 22.20% from the stock’s previous close.

EQT Midstream Partners (NYSE:EQM) opened at 83.88 on Friday. EQT Midstream Partners has a 1-year low of $43.62 and a 1-year high of $102.51. The stock has a 50-day moving average of $94.24 and a 200-day moving average of $77.0. The company has a market cap of $5.090 billion and a P/E ratio of 31.75.

EQT Midstream Partners (NYSE:EQM) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.81 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.83 by $0.02. The company had revenue of $91.57 million for the quarter, compared to the consensus estimate of $576.62 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 21.2% on a year-over-year basis. On average, analysts predict that EQT Midstream Partners will post $3.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Tuesday, August 5th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Friday, August 1st. This is a positive change from EQT Midstream Partners’s previous quarterly dividend of $0.49.

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 $81.00 to $114.00 in a research note on Monday, July 28th. They now have an “overweight” rating on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of EQT Midstream Partners in a research note on Friday, July 25th. They now have a $100.00 price target on the stock, up previously from $98.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of EQT Midstream Partners in a research note on Friday, July 25th. They now have a $105.00 price target on the stock, up previously from $78.00. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $93.90.

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

To view Zacks’ full report, visit Zacks’ official website.

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