EQT Midstream Partners LP (NYSE:EQM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday. The brokerage currently has a $86.00 target price on the stock. Zacks Investment Research’s target price points to a potential upside of 15.16% from the stock’s previous close.

According to Zacks, “EQT Midstream Partners, LP is formed to own, operate, acquire and develop midstream assets in the Appalachian Basin. The Company provides substantially all of its natural gas transmission, storage and gathering services under contracts with fixed reservation and/or usage fees. It operates primarily in the Marcellus Shale area of southern Pennsylvania and northern West Virginia. EQT Midstream Partners, LP is based in Pittsburgh, Pennsylvania. “

Separately, Credit Suisse Group AG reissued a “neutral” rating on shares of EQT Midstream Partners in a research note on Tuesday, August 16th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. EQT Midstream Partners currently has an average rating of “Buy” and an average price target of $89.85.

Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

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EQT Midstream Partners (NYSE:EQM) traded down 1.79% during midday trading on Tuesday, reaching $74.68. The company’s stock had a trading volume of 139,251 shares. EQT Midstream Partners has a 12-month low of $56.52 and a 12-month high of $80.63. The company has a market cap of $6.02 billion, a P/E ratio of 14.77 and a beta of 0.94. The firm has a 50 day moving average price of $78.05 and a 200-day moving average price of $76.13.

EQT Midstream Partners (NYSE:EQM) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.12. The company earned $172 million during the quarter, compared to the consensus estimate of $172.47 million. EQT Midstream Partners’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 earnings per share. On average, equities research analysts predict that EQT Midstream Partners will post $5.07 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC increased its position in shares of EQT Midstream Partners by 1,507.9% in the first quarter. Chicago Partners Investment Group LLC now owns 3,666 shares of the company’s stock worth $273,000 after buying an additional 3,438 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of EQT Midstream Partners by 1.5% in the first quarter. Glenmede Trust Co. NA now owns 21,490 shares of the company’s stock worth $1,599,000 after buying an additional 320 shares in the last quarter. Shanda Payment Holdings Ltd. increased its position in shares of EQT Midstream Partners by 1,989.4% in the first quarter. Shanda Payment Holdings Ltd. now owns 57,376 shares of the company’s stock worth $4,270,000 after buying an additional 54,630 shares in the last quarter. Samson Capital Management LLC increased its position in shares of EQT Midstream Partners by 5.2% in the first quarter. Samson Capital Management LLC now owns 107,813 shares of the company’s stock worth $8,025,000 after buying an additional 5,315 shares in the last quarter. Finally, LVW Advisors LLC increased its position in shares of EQT Midstream Partners by 2.6% in the first quarter. LVW Advisors LLC now owns 4,797 shares of the company’s stock worth $357,000 after buying an additional 122 shares in the last quarter.

About EQT Midstream Partners

EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company operates through two segments: Transmission and storage, which includes its Federal Energy Regulatory Commission (FERC)-regulated interstate pipeline and storage business, and Gathering, which includes high pressure gathering lines and the FERC-regulated low pressure gathering system.

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