EQT Midstream Partners, LP (NYSE:EQM) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Wednesday.

Several other analysts have also recently commented on the stock. ValuEngine cut shares of EQT Midstream Partners, from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet cut shares of EQT Midstream Partners, from a “b” rating to a “c+” rating in a research note on Thursday, June 15th. Scotiabank set a $94.00 target price on shares of EQT Midstream Partners, and gave the stock a “hold” rating in a research note on Saturday, July 22nd. Stifel Nicolaus restated a “hold” rating on shares of EQT Midstream Partners, in a research note on Friday, June 23rd. Finally, Morgan Stanley raised their target price on shares of EQT Midstream Partners, from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $89.50.

EQT Midstream Partners, (EQM) traded down 0.03% during midday trading on Wednesday, hitting $73.49. 249,513 shares of the stock traded hands. The company has a 50-day moving average price of $75.70 and a 200 day moving average price of $76.31. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 14.17 and a beta of 0.89. EQT Midstream Partners, has a one year low of $69.20 and a one year high of $82.99.

EQT Midstream Partners, (NYSE:EQM) last issued its quarterly earnings results on Thursday, July 27th. The pipeline company reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by $0.04. The business had revenue of $199 million for the quarter, compared to analyst estimates of $195 million. EQT Midstream Partners, had a return on equity of 25.61% and a net margin of 66.99%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.27 EPS. Equities research analysts anticipate that EQT Midstream Partners, will post $5.50 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in the stock. Creative Planning increased its position in shares of EQT Midstream Partners, by 31.6% in the first quarter. Creative Planning now owns 5,880 shares of the pipeline company’s stock worth $452,000 after buying an additional 1,411 shares in the last quarter. Cim LLC increased its position in shares of EQT Midstream Partners, by 4.6% in the first quarter. Cim LLC now owns 6,315 shares of the pipeline company’s stock worth $486,000 after buying an additional 280 shares in the last quarter. Round Table Services LLC bought a new position in shares of EQT Midstream Partners, during the first quarter worth about $244,000. Chickasaw Capital Management LLC increased its position in shares of 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, Janney Montgomery Scott LLC increased its position in shares of EQT Midstream Partners, by 86.0% in the first quarter. Janney Montgomery Scott LLC now owns 12,934 shares of the pipeline company’s stock worth $995,000 after buying an additional 5,979 shares in the last quarter. Institutional investors and hedge funds own 76.45% 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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