FY2017 EPS Estimates for EQT Midstream Partners LP Lowered by US Capital Advisors (EQM)

EQT Midstream Partners LP (NYSE:EQM) – Equities research analysts at US Capital Advisors lowered their FY2017 earnings estimates for shares of EQT Midstream Partners in a research report issued to clients and investors on Thursday. US Capital Advisors analyst B. Followill now forecasts that the pipeline company will earn $5.29 per share for the year, down from their previous forecast of $5.32. US Capital Advisors currently has a “Buy” rating on the stock. US Capital Advisors also issued estimates for EQT Midstream Partners’ Q4 2017 earnings at $1.38 EPS, Q1 2018 earnings at $1.28 EPS, Q2 2018 earnings at $1.22 EPS, Q3 2018 earnings at $1.31 EPS, Q4 2018 earnings at $1.49 EPS, FY2018 earnings at $5.30 EPS and FY2019 earnings at $6.59 EPS.

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

EQM has been the topic of several other reports. Morgan Stanley cut their target price on EQT Midstream Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, November 17th. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of EQT Midstream Partners in a report on Thursday, October 26th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $96.00 price target on shares of EQT Midstream Partners in a report on Tuesday, October 10th. ValuEngine lowered shares of EQT Midstream Partners from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Seaport Global Securities began coverage on shares of EQT Midstream Partners in a research note on Tuesday, October 10th. They set a “buy” rating and a $96.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. EQT Midstream Partners presently has a consensus rating of “Hold” and a consensus target price of $88.00.

EQT Midstream Partners (EQM) opened at $75.57 on Friday. 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. The stock has a market capitalization of $6,071.83, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.10 and a beta of 0.89.

Hedge funds have recently bought and sold shares of the company. Linscomb & Williams Inc. lifted its stake in EQT Midstream Partners by 0.3% in the 2nd quarter. Linscomb & Williams Inc. now owns 4,134 shares of the pipeline company’s stock valued at $309,000 after buying an additional 12 shares in the last quarter. Veritable L.P. lifted its stake in EQT Midstream Partners by 5.0% in the 2nd quarter. Veritable L.P. now owns 5,680 shares of the pipeline company’s stock valued at $424,000 after buying an additional 269 shares in the last quarter. Alliancebernstein L.P. lifted its stake in EQT Midstream Partners by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 14,356 shares of the pipeline company’s stock valued at $1,071,000 after buying an additional 803 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in EQT Midstream Partners by 14.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,721 shares of the pipeline company’s stock valued at $504,000 after buying an additional 842 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in EQT Midstream Partners by 3.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 35,320 shares of the pipeline company’s stock valued at $2,648,000 after buying an additional 1,051 shares in the last quarter. 73.71% of the stock is currently owned by institutional investors and hedge funds.

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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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