EQT Midstream Partners, LP (NYSE:EQM) – Analysts at Seaport Global Securities increased their FY2017 earnings per share (EPS) estimates for shares of EQT Midstream Partners, in a research report issued on Monday. Seaport Global Securities analyst B. Colson now anticipates that the pipeline company will post earnings per share of $5.39 for the year, up from their prior estimate of $5.15. Seaport Global Securities currently has a “Buy” rating and a $96.00 target price on the stock. Seaport Global Securities also issued estimates for EQT Midstream Partners,’s Q4 2017 earnings at $1.48 EPS.

EQM has been the subject of a number of other research reports. BidaskClub cut EQT Midstream Partners, from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Royal Bank Of Canada reissued a “buy” rating and issued a $96.00 price objective on shares of EQT Midstream Partners, in a research report on Tuesday, October 10th. Stifel Nicolaus set a $79.00 price objective on EQT Midstream Partners, and gave the stock a “hold” rating in a research report on Friday, August 25th. US Capital Advisors cut EQT Midstream Partners, from a “buy” rating to a “buy” rating in a research report on Friday. Finally, Morgan Stanley lowered their price objective on EQT Midstream Partners, from $86.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $90.83.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/21/eqt-midstream-partners-lp-eqm-expected-to-earn-fy2017-earnings-of-5-39-per-share.html.

Shares of EQT Midstream Partners, (EQM) opened at $68.26 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $5,560.00, a price-to-earnings ratio of 12.99, a PEG ratio of 1.01 and a beta of 0.94. EQT Midstream Partners, has a 52-week low of $66.87 and a 52-week high of $82.99.

EQT Midstream Partners, (NYSE:EQM) last posted its quarterly earnings data on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.02. The firm had revenue of $207.20 million during the quarter, compared to analysts’ expectations of $205.29 million. EQT Midstream Partners, had a return on equity of 25.85% and a net margin of 65.99%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 EPS.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Friday, November 3rd were paid a $0.98 dividend. This is a positive change from EQT Midstream Partners,’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $3.92 dividend on an annualized basis and a yield of 5.74%. EQT Midstream Partners,’s dividend payout ratio (DPR) is 74.95%.

Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc raised its stake in EQT Midstream Partners, by 120.5% in the 2nd quarter. IFP Advisors Inc now owns 1,808 shares of the pipeline company’s stock worth $135,000 after acquiring an additional 988 shares during the last quarter. Saratoga Research & Investment Management purchased a new position in EQT Midstream Partners, in the 3rd quarter worth $186,000. A. D. Beadell Investment Counsel Inc. purchased a new position in EQT Midstream Partners, in the 3rd quarter worth $203,000. CIBC Asset Management Inc purchased a new position in EQT Midstream Partners, in the 3rd quarter worth $204,000. Finally, Dearborn Partners LLC purchased a new position in EQT Midstream Partners, in the 3rd quarter worth $205,000. Institutional investors own 62.92% of the company’s stock.

EQT Midstream Partners, Company Profile

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)

Receive News & Ratings for EQT Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.