EQT Midstream Partners (NYSE:EQM) was downgraded by research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a report released on Wednesday.
Several other research firms have also weighed in on EQM. US Capital Advisors lowered EQT Midstream Partners from a “buy” rating to a “buy” rating in a report on Friday, November 17th. Bank of America assumed coverage on EQT Midstream Partners in a report on Tuesday, January 9th. They issued a “buy” rating and a $89.00 target price for the company. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of EQT Midstream Partners in a report on Thursday, October 26th. Zacks Investment Research lowered EQT Midstream Partners from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. Finally, Morgan Stanley reduced their target price on EQT Midstream Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $86.71.
EQT Midstream Partners (NYSE:EQM) traded down $1.17 during trading hours on Wednesday, reaching $67.16. The company’s stock had a trading volume of 64,957 shares, compared to its average volume of 339,618. 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 52 week low of $64.42 and a 52 week high of $82.99. The stock has a market cap of $5,505.35, a PE ratio of 12.81, a PEG ratio of 0.95 and a beta of 0.77.
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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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