EQT Midstream Partners LP (EQM) Given Consensus Recommendation of “Hold” by Analysts
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.
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.
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.
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