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QEP Midstream Partners (NASDAQ:QEPM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Wednesday. They currently have a $23.80 price target on the stock. Zacks‘s target price would suggest a potential downside of 4.80% from the company’s current price.

A number of other analysts have also recently weighed in on QEPM. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of QEP Midstream Partners in a research note on Monday, June 23rd. They now have a $27.00 price target on the stock, up previously from $26.00. Analysts at Global Hunter Securities initiated coverage on shares of QEP Midstream Partners in a research note on Tuesday, June 3rd. They set a “neutral” rating and a $26.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.96.

Shares of QEP Midstream Partners (NASDAQ:QEPM) traded up 0.52% during mid-day trading on Wednesday, hitting $25.13. 12,466 shares of the company’s stock traded hands. QEP Midstream Partners has a one year low of $21.26 and a one year high of $27.16. The stock has a 50-day moving average of $25.32 and a 200-day moving average of $23.93. The company has a market cap of $1.370 billion and a P/E ratio of 153.37.

QEP Midstream Partners (NASDAQ:QEPM) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.05. The company had revenue of $30.20 million for the quarter, compared to the consensus estimate of $31.75 million. QEP Midstream Partners’s revenue was down 24.7% compared to the same quarter last year. Analysts expect that QEP Midstream Partners will post $0.95 EPS for the current fiscal year.

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

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