Shares of EQT Midstream Partners LP (NYSE:EQM) have earned a consensus rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $90.83.

A number of research analysts have recently commented on the stock. Stifel Nicolaus set a $79.00 price target on shares of EQT Midstream Partners and gave the company a “hold” rating in a research report on Friday, August 25th. US Capital Advisors downgraded shares of EQT Midstream Partners from a “buy” rating to a “buy” rating in a report on Friday, November 17th. Zacks Investment Research downgraded shares of EQT Midstream Partners from a “hold” rating to a “strong sell” rating in a report on Monday, October 16th. BidaskClub raised shares of EQT Midstream Partners from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Seaport Global Securities assumed coverage on shares of EQT Midstream Partners in a research note on Tuesday, October 10th. They issued a “buy” rating and a $96.00 price target for the company.

EQT Midstream Partners (NYSE:EQM) traded up $0.89 on Friday, hitting $72.51. 404,000 shares of the stock were exchanged, compared to its average volume of 261,259. The stock has a market cap of $5,771.27, a price-to-earnings ratio of 13.72, a P/E/G ratio of 1.06 and a beta of 0.89. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.90 and a quick ratio of 0.90. EQT Midstream Partners has a 12-month low of $64.42 and a 12-month high of $82.99.

EQT Midstream Partners (NYSE:EQM) last released its quarterly earnings results on Thursday, October 26th. The pipeline company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.02. The firm had revenue of $207.20 million during the quarter, compared to analyst estimates of $205.29 million. EQT Midstream Partners had a net margin of 65.99% and a return on equity of 25.85%. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.23 EPS. research analysts forecast that EQT Midstream Partners will post 5.63 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc grew its holdings in EQT Midstream Partners by 120.5% in the second quarter. IFP Advisors Inc now owns 1,808 shares of the pipeline company’s stock worth $135,000 after purchasing an additional 988 shares during the period. Saratoga Research & Investment Management bought a new position in shares of EQT Midstream Partners in the third quarter worth approximately $186,000. A. D. Beadell Investment Counsel Inc. bought a new position in shares of EQT Midstream Partners in the third quarter worth approximately $203,000. CIBC Asset Management Inc bought a new position in EQT Midstream Partners during the third quarter valued at approximately $204,000. Finally, Dearborn Partners LLC bought a new position in EQT Midstream Partners during the third quarter valued at approximately $205,000. Institutional investors and hedge funds own 73.74% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “EQT Midstream Partners LP (EQM) Given Consensus Recommendation of “Hold” by Analysts” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/15/eqt-midstream-partners-lp-eqm-given-consensus-recommendation-of-hold-by-analysts.html.

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.

Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

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