EQT Midstream Partners, LP (NYSE:EQM)‘s stock had its “hold” rating restated by investment analysts at Stifel Nicolaus in a research report issued on Friday. They currently have a $79.00 price target on the pipeline company’s stock. Stifel Nicolaus’ target price points to a potential upside of 3.20% from the stock’s current price.

A number of other research firms have also recently issued reports on EQM. Scotiabank reissued a “hold” rating and set a $94.00 price objective on shares of EQT Midstream Partners, in a research report on Friday, April 21st. BidaskClub raised shares of EQT Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley increased their price objective on shares of EQT Midstream Partners, from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, July 14th. ValuEngine cut shares of EQT Midstream Partners, from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet cut shares of EQT Midstream Partners, from a “b” rating to a “c+” rating in a research report on Thursday, June 15th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $89.50.

EQT Midstream Partners, (NYSE:EQM) traded up 0.34% during mid-day trading on Friday, hitting $76.55. The company’s stock had a trading volume of 316,329 shares. EQT Midstream Partners, has a 52-week low of $69.20 and a 52-week high of $82.99. The firm has a 50 day moving average of $73.89 and a 200-day moving average of $76.44. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 14.77 and a beta of 0.89.

EQT Midstream Partners, (NYSE:EQM) last released its quarterly earnings data on Thursday, April 27th. The pipeline company reported $1.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by $0.02. The company had revenue of $203.40 million for the quarter, compared to the consensus estimate of $204.73 million. EQT Midstream Partners, had a return on equity of 25.49% and a net margin of 67.48%. EQT Midstream Partners,’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $1.39 EPS. On average, equities research analysts expect that EQT Midstream Partners, will post $5.60 EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Neuberger Berman Group LLC raised its stake in EQT Midstream Partners, by 6.4% in the first quarter. Neuberger Berman Group LLC now owns 3,215,951 shares of the pipeline company’s stock worth $247,307,000 after buying an additional 192,411 shares in the last quarter. Morgan Stanley raised its stake in EQT Midstream Partners, by 1.4% in the first quarter. Morgan Stanley now owns 1,942,853 shares of the pipeline company’s stock worth $149,405,000 after buying an additional 27,614 shares in the last quarter. UBS Group AG raised its stake in EQT Midstream Partners, by 5.9% in the first quarter. UBS Group AG now owns 1,446,191 shares of the pipeline company’s stock worth $111,212,000 after buying an additional 80,072 shares in the last quarter. Chickasaw Capital Management LLC raised its stake in EQT Midstream Partners, by 14.5% in the first quarter. Chickasaw Capital Management LLC now owns 1,312,889 shares of the pipeline company’s stock worth $100,961,000 after buying an additional 166,231 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in EQT Midstream Partners, by 25.4% in the second quarter. Bank of Montreal Can now owns 1,092,190 shares of the pipeline company’s stock worth $81,510,000 after buying an additional 221,005 shares in the last quarter. Institutional investors own 74.90% of the company’s stock.

About EQT Midstream Partners,

EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company’s segments include Gathering and Transmission. The Gathering segment primarily includes high pressure gathering lines and the Federal Energy Regulatory Commission (FERC)-regulated low pressure gathering system.

Analyst Recommendations for EQT Midstream Partners, (NYSE:EQM)

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