Shares of EQT Midstream Partners LP (NYSE:EQM) have been assigned an average rating of “Hold” from the fourteen research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $88.13.

Several research analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of EQT Midstream Partners in a report on Tuesday. They issued a “buy” rating and a $89.00 target price on the stock. US Capital Advisors cut shares of EQT Midstream Partners from a “buy” rating to a “buy” rating in a report on Friday, November 17th. Zacks Investment Research cut shares of EQT Midstream Partners from a “hold” rating to a “strong sell” rating in a report on Monday, October 16th. Credit Suisse Group assumed coverage on shares of EQT Midstream Partners in a report on Friday. They issued a “neutral” rating and a $71.00 target price on the stock. Finally, ValuEngine cut shares of EQT Midstream Partners from a “buy” rating to a “hold” rating in a report on Sunday, December 31st.

Large investors have recently added to or reduced their stakes in the stock. Saratoga Research & Investment Management bought a new stake in shares of EQT Midstream Partners during the 3rd quarter valued at $186,000. A. D. Beadell Investment Counsel Inc. bought a new stake in shares of EQT Midstream Partners during the 3rd quarter valued at $203,000. CIBC Asset Management Inc bought a new stake in shares of EQT Midstream Partners during the 3rd quarter valued at $204,000. Dearborn Partners LLC bought a new stake in shares of EQT Midstream Partners during the 3rd quarter valued at $205,000. Finally, Keybank National Association OH bought a new stake in shares of EQT Midstream Partners during the 3rd quarter valued at $259,000. Institutional investors and hedge funds own 73.71% of the company’s stock.

EQT Midstream Partners (NYSE:EQM) traded up $0.02 during mid-day trading on Tuesday, hitting $76.14. 199,777 shares of the company’s stock traded hands, compared to its average volume of 298,433. The stock has a market capitalization of $6,250.00, a P/E ratio of 14.56, a PEG ratio of 1.10 and a beta of 0.90. EQT Midstream Partners has a 52-week low of $64.42 and a 52-week high of $82.99. 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 (NYSE:EQM) last issued its earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.02. EQT Midstream Partners had a net margin of 65.99% and a return on equity of 25.85%. The firm had revenue of $207.20 million for the quarter, compared to analysts’ expectations of $205.29 million. During the same quarter last year, the business earned $1.23 earnings per share. The business’s revenue was up 17.2% on a year-over-year basis. equities analysts forecast that EQT Midstream Partners will post 5.63 EPS for the current fiscal year.

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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.

Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

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