Analysts at Bank of America started coverage on shares of EQT Midstream Partners (NYSE:EQM) in a report released on Tuesday. The brokerage set a “buy” rating and a $89.00 price target on the pipeline company’s stock. Bank of America’s target price would indicate a potential upside of 16.92% from the company’s current price.
Several other brokerages also recently issued reports on EQM. Credit Suisse Group assumed coverage on EQT Midstream Partners in a research report on Friday. They set a “neutral” rating and a $71.00 price objective for the company. Zacks Investment Research downgraded EQT Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. ValuEngine downgraded EQT Midstream Partners from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of EQT Midstream Partners in a research report on Thursday, October 26th. Finally, Morgan Stanley cut their price objective on EQT Midstream Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $88.13.
Shares of EQT Midstream Partners (EQM) opened at $76.12 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $6,240.00, a PE ratio of 14.55, a P/E/G ratio of 1.10 and a beta of 0.90. EQT Midstream Partners has a 12-month low of $64.42 and a 12-month high of $82.99.
Several hedge funds and other institutional investors have recently made changes to their positions in EQM. Linscomb & Williams Inc. lifted its holdings in shares of EQT Midstream Partners by 0.3% during the 2nd quarter. Linscomb & Williams Inc. now owns 4,134 shares of the pipeline company’s stock valued at $309,000 after acquiring an additional 12 shares in the last quarter. LVW Advisors LLC lifted its holdings in shares of EQT Midstream Partners by 0.7% during the 4th quarter. LVW Advisors LLC now owns 3,697 shares of the pipeline company’s stock valued at $283,000 after acquiring an additional 25 shares in the last quarter. Cypress Wealth Advisors LLC lifted its holdings in shares of EQT Midstream Partners by 0.9% during the 4th quarter. Cypress Wealth Advisors LLC now owns 5,550 shares of the pipeline company’s stock valued at $426,000 after acquiring an additional 50 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of EQT Midstream Partners by 3.2% during the 2nd quarter. Signaturefd LLC now owns 3,225 shares of the pipeline company’s stock valued at $259,000 after acquiring an additional 100 shares in the last quarter. Finally, Pointe Capital Management LLC lifted its holdings in shares of EQT Midstream Partners by 0.5% during the 2nd quarter. Pointe Capital Management LLC now owns 21,095 shares of the pipeline company’s stock valued at $1,574,000 after acquiring an additional 109 shares in the last quarter. 73.71% of the stock is owned by 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.
