EQT Midstream Partners LP (NYSE:EQM)‘s stock had its “hold” rating reiterated by analysts at Morgan Stanley in a research note issued to investors on Wednesday. They currently have a $83.00 target price on the stock. Morgan Stanley’s target price would indicate a potential upside of 11.14% from the stock’s current price.

EQM has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of EQT Midstream Partners from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Credit Suisse Group AG reiterated a “neutral” rating on shares of EQT Midstream Partners in a research note on Tuesday, August 16th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $89.85.

Shares of EQT Midstream Partners (NYSE:EQM) traded up 0.07% on Wednesday, hitting $74.73. The company’s stock had a trading volume of 46,696 shares. EQT Midstream Partners has a 52 week low of $56.52 and a 52 week high of $80.63. The stock’s 50 day moving average is $77.94 and its 200-day moving average is $76.15. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 14.78 and a beta of 0.94.

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

A number of institutional investors have recently bought and sold shares of EQM. Zions Bancorporation bought a new stake in shares of EQT Midstream Partners during the first quarter worth about $113,000. Americafirst Capital Management LLC bought a new stake in shares of EQT Midstream Partners during the second quarter worth about $130,000. CENTRAL TRUST Co raised its stake in shares of EQT Midstream Partners by 31.3% in the second quarter. CENTRAL TRUST Co now owns 1,699 shares of the company’s stock worth $136,000 after buying an additional 405 shares during the period. Solaris Asset Management LLC raised its stake in shares of EQT Midstream Partners by 28.1% in the second quarter. Solaris Asset Management LLC now owns 2,050 shares of the company’s stock worth $165,000 after buying an additional 450 shares during the period. Finally, Cedar Wealth Management LLC bought a new stake in shares of EQT Midstream Partners during the second quarter worth about $199,000.

EQT Midstream Partners Company Profile

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.

5 Day Chart for NYSE:EQM

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