EQT Midstream Partners (EQM) Stock Rating Reaffirmed by Royal Bank of Canada

EQT Midstream Partners (NYSE:EQM)‘s stock had its “sector perform” rating reissued by research analysts at Royal Bank of Canada in a note issued to investors on Monday. They currently have a $84.00 price target on the pipeline company’s stock, up from their prior price target of $74.00. Royal Bank of Canada’s price objective would indicate a potential upside of 25.24% from the stock’s current price.

EQM has been the subject of a number of other reports. Morgan Stanley decreased their price target on EQT Midstream Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of EQT Midstream Partners in a research note on Thursday, October 26th. Bank of America started coverage on EQT Midstream Partners in a research note on Tuesday, January 9th. They issued a “buy” rating and a $89.00 price target for the company. Zacks Investment Research downgraded EQT Midstream Partners from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. Finally, ValuEngine downgraded EQT Midstream Partners from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. EQT Midstream Partners currently has a consensus rating of “Hold” and a consensus target price of $86.71.

EQT Midstream Partners (NYSE EQM) opened at $67.07 on Monday. The company has a market capitalization of $5,404.62, a PE ratio of 12.85, a P/E/G ratio of 0.93 and a beta of 0.77. EQT Midstream Partners has a 52 week low of $64.42 and a 52 week high of $82.99. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.52.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vantage Financial Partners Ltd. Inc. bought a new position in EQT Midstream Partners in the fourth quarter worth about $513,000. FDx Advisors Inc. lifted its holdings in EQT Midstream Partners by 15.3% in the fourth quarter. FDx Advisors Inc. now owns 7,765 shares of the pipeline company’s stock worth $568,000 after acquiring an additional 1,030 shares during the last quarter. Ferris Capital LLC bought a new position in EQT Midstream Partners in the fourth quarter worth about $361,000. BlackRock Inc. lifted its holdings in EQT Midstream Partners by 6.9% in the fourth quarter. BlackRock Inc. now owns 435,373 shares of the pipeline company’s stock worth $31,825,000 after acquiring an additional 28,272 shares during the last quarter. Finally, Schroder Investment Management Group bought a new position in EQT Midstream Partners in the fourth quarter worth about $8,801,000. 74.47% of the stock is currently owned by hedge funds and other institutional investors.

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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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