EQT Midstream Partners, LP (NYSE:EQM) – Equities research analysts at Seaport Global Securities issued their FY2018 earnings per share (EPS) estimates for EQT Midstream Partners, in a research note issued to investors on Tuesday. Seaport Global Securities analyst B. Colson anticipates that the pipeline company will earn $3.70 per share for the year. Seaport Global Securities currently has a “Buy” rating and a $96.00 target price on the stock.

EQT Midstream Partners, (NYSE:EQM) last announced its quarterly earnings results on Thursday, July 27th. The pipeline company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.04). EQT Midstream Partners, had a net margin of 66.99% and a return on equity of 25.61%. The firm had revenue of $199.00 million for the quarter, compared to the consensus estimate of $195.00 million. During the same period in the previous year, the company posted $1.27 earnings per share. EQT Midstream Partners,’s quarterly revenue was up 11.8% on a year-over-year basis. TRADEMARK VIOLATION WARNING: “EQT Midstream Partners, LP to Post FY2018 Earnings of $3.70 Per Share, Seaport Global Securities Forecasts (EQM)” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/10/12/eqt-midstream-partners-lp-to-post-fy2018-earnings-of-3-70-per-share-seaport-global-securities-forecasts-eqm.html.

Other equities research analysts have also issued reports about the company. BidaskClub lowered EQT Midstream Partners, from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Stifel Nicolaus reiterated a “hold” rating and set a $79.00 price objective on shares of EQT Midstream Partners, in a research note on Friday, July 21st. Morgan Stanley boosted their price objective on EQT Midstream Partners, from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, July 14th. Royal Bank Of Canada reiterated a “buy” rating and set a $96.00 price objective on shares of EQT Midstream Partners, in a research note on Tuesday. Finally, TheStreet lowered EQT Midstream Partners, from a “b” rating to a “c+” rating in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. EQT Midstream Partners, currently has an average rating of “Hold” and a consensus target price of $91.50.

Shares of EQT Midstream Partners, (NYSE:EQM) traded down 0.07% during trading on Thursday, reaching $76.29. The company had a trading volume of 71,084 shares. The company has a market capitalization of $6.15 billion, a PE ratio of 14.71 and a beta of 0.88. The stock’s 50-day moving average price is $75.09 and its 200-day moving average price is $75.11. EQT Midstream Partners, has a 52 week low of $69.20 and a 52 week high of $82.99.

A number of large investors have recently bought and sold shares of the business. Alps Advisors Inc. increased its stake in EQT Midstream Partners, by 3.6% during the 2nd quarter. Alps Advisors Inc. now owns 4,280,142 shares of the pipeline company’s stock worth $319,427,000 after buying an additional 148,031 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of EQT Midstream Partners, by 2.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,298,943 shares of the pipeline company’s stock worth $246,200,000 after purchasing an additional 82,992 shares during the last quarter. Hamlin Capital Management LLC boosted its holdings in shares of EQT Midstream Partners, by 26.6% during the 2nd quarter. Hamlin Capital Management LLC now owns 1,116,129 shares of the pipeline company’s stock worth $83,297,000 after purchasing an additional 234,542 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of EQT Midstream Partners, by 25.4% during the 2nd quarter. Bank of Montreal Can now owns 1,092,190 shares of the pipeline company’s stock worth $81,510,000 after purchasing an additional 221,005 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of EQT Midstream Partners, by 2.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,072,546 shares of the pipeline company’s stock worth $82,478,000 after purchasing an additional 20,970 shares during the last quarter. Institutional investors own 73.46% 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.

Earnings History and Estimates for EQT Midstream Partners, (NYSE:EQM)

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