EQT Midstream Partners LP (NYSE:EQM)‘s stock had its “hold” rating reaffirmed by equities researchers at Morgan Stanley in a research note issued on Wednesday. They presently have a $83.00 target price on the stock. Morgan Stanley’s target price suggests a potential upside of 11.14% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on EQM. Zacks Investment Research cut EQT Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Credit Suisse Group AG restated a “neutral” rating on shares of EQT Midstream Partners in a report 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 stock. EQT Midstream Partners presently has an average rating of “Buy” and a consensus target price of $89.85.

EQT Midstream Partners (NYSE:EQM) traded up 1.02% during trading on Wednesday, reaching $75.44. The company had a trading volume of 67,272 shares. The company has a 50 day moving average price of $77.94 and a 200 day moving average price of $76.15. EQT Midstream Partners has a 52-week low of $56.52 and a 52-week high of $80.63. The company has a market capitalization of $6.08 billion, a PE ratio of 14.92 and a beta of 0.94.

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

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

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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