EQT Midstream Partners (NYSE:EQM) received a $90.00 price target from analysts at Stifel Nicolaus in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 16.63% from the company’s current price.
Several other equities research analysts also recently weighed in on the company. US Capital Advisors downgraded EQT Midstream Partners from a “buy” rating to a “buy” rating in a report on Friday, November 17th. Royal Bank of Canada reissued a “buy” rating and set a $96.00 price objective on shares of EQT Midstream Partners in a report on Tuesday, October 10th. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of EQT Midstream Partners in a report on Thursday, October 26th. Morgan Stanley cut their price objective on EQT Midstream Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, November 17th. Finally, Zacks Investment Research downgraded EQT Midstream Partners from a “hold” rating to a “strong sell” rating in a report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $89.50.
Shares of EQT Midstream Partners (NYSE EQM) opened at $77.17 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.52. EQT Midstream Partners has a twelve month low of $64.42 and a twelve month high of $82.99. The firm has a market capitalization of $6,207.21, a price-to-earnings ratio of 14.78, a P/E/G ratio of 1.07 and a beta of 0.89.
A number of large investors have recently made changes to their positions in the stock. Alps Advisors Inc. raised its position in EQT Midstream Partners by 11.2% during the 3rd quarter. Alps Advisors Inc. now owns 4,761,137 shares of the pipeline company’s stock worth $356,942,000 after purchasing an additional 480,995 shares during the last quarter. Neuberger Berman Group LLC raised its position in EQT Midstream Partners by 2.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,298,943 shares of the pipeline company’s stock worth $246,200,000 after purchasing an additional 82,992 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its position in EQT Midstream Partners by 19.8% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 3,079,080 shares of the pipeline company’s stock worth $232,333,000 after purchasing an additional 509,272 shares during the last quarter. Energy Income Partners LLC bought a new position in EQT Midstream Partners during the 4th quarter worth $235,834,000. Finally, Morgan Stanley raised its position in EQT Midstream Partners by 23.0% during the 4th quarter. Morgan Stanley now owns 2,902,264 shares of the pipeline company’s stock worth $219,005,000 after purchasing an additional 542,268 shares during the last quarter. 73.78% of the stock is owned by institutional investors and hedge funds.
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.
