EQT Midstream Partners, LP (NYSE:EQM) Receives Average Rating of “Hold” from Analysts

Shares of EQT Midstream Partners, LP (NYSE:EQM) have earned an average rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $91.00.

EQM has been the topic of a number of research analyst reports. TheStreet upgraded shares of EQT Midstream Partners, from a “c+” rating to a “b-” rating in a report on Wednesday, July 19th. ValuEngine lowered shares of EQT Midstream Partners, from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Scotiabank reiterated a “hold” rating and issued a $94.00 price target on shares of EQT Midstream Partners, in a report on Friday, April 21st. Stifel Nicolaus reiterated a “hold” rating on shares of EQT Midstream Partners, in a report on Friday, June 23rd. Finally, BidaskClub upgraded shares of EQT Midstream Partners, from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th.

Shares of EQT Midstream Partners, (NYSE:EQM) traded down 0.53% during mid-day trading on Friday, reaching $73.61. The company’s stock had a trading volume of 206,424 shares. EQT Midstream Partners, has a 1-year low of $69.20 and a 1-year high of $82.99. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 14.19 and a beta of 0.89. The firm’s 50 day moving average price is $75.71 and its 200-day moving average price is $76.40.

This article was originally published by and is the sole property of Zolmax. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://zolmax.com/investing/eqt-midstream-partners-lp-nyseeqm-receives-average-rating-of-hold-from-analysts/1560319.html

EQT Midstream Partners, (NYSE:EQM) last announced its earnings results on Thursday, July 27th. The pipeline company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by $0.04. The firm had revenue of $199 million for the quarter, compared to analyst estimates of $195 million. EQT Midstream Partners, had a return on equity of 25.61% and a net margin of 66.99%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 EPS. On average, analysts predict that EQT Midstream Partners, will post $5.49 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Friday, August 4th will be issued a $0.935 dividend. This represents a $3.74 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date is Wednesday, August 2nd. This is a positive change from EQT Midstream Partners,’s previous quarterly dividend of $0.89. EQT Midstream Partners,’s dividend payout ratio (DPR) is 72.34%.

Several institutional investors have recently modified their holdings of EQM. Creative Planning increased its position in shares of EQT Midstream Partners, by 31.6% in the first quarter. Creative Planning now owns 5,880 shares of the pipeline company’s stock worth $452,000 after buying an additional 1,411 shares in the last quarter. Cim LLC increased its position in shares of EQT Midstream Partners, by 4.6% in the first quarter. Cim LLC now owns 6,315 shares of the pipeline company’s stock worth $486,000 after buying an additional 280 shares in the last quarter. Round Table Services LLC acquired a new position in shares of EQT Midstream Partners, during the first quarter worth approximately $244,000. Chickasaw Capital Management LLC increased its position in shares of EQT Midstream Partners, by 14.5% in the first quarter. Chickasaw Capital Management LLC now owns 1,312,889 shares of the pipeline company’s stock worth $100,961,000 after buying an additional 166,231 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of EQT Midstream Partners, by 86.0% in the first quarter. Janney Montgomery Scott LLC now owns 12,934 shares of the pipeline company’s stock worth $995,000 after buying an additional 5,979 shares in the last quarter. 75.72% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “EQT Midstream Partners, LP (NYSE:EQM) Receives Average Rating of “Hold” from Analysts” was originally reported by Zolmax and is owned by of Zolmax. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://zolmax.com/investing/eqt-midstream-partners-lp-nyseeqm-receives-average-rating-of-hold-from-analysts/1560319.html.

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)

Receive News & Ratings for EQT Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

SCYNEXIS, Inc.  Receives Average Recommendation of “Buy” from Analysts
SCYNEXIS, Inc. Receives Average Recommendation of “Buy” from Analysts
EQT Midstream Partners, LP  Receives Average Rating of “Hold” from Analysts
EQT Midstream Partners, LP Receives Average Rating of “Hold” from Analysts
Tutor Perini Corporation  Given Consensus Rating of “Buy” by Brokerages
Tutor Perini Corporation Given Consensus Rating of “Buy” by Brokerages
Workday, Inc.  Receives Average Rating of “Hold” from Brokerages
Workday, Inc. Receives Average Rating of “Hold” from Brokerages
Alio Gold Inc  Receives Consensus Rating of “Buy” from Analysts
Alio Gold Inc Receives Consensus Rating of “Buy” from Analysts
Amaya  Receives Daily News Sentiment Score of 0.01
Amaya Receives Daily News Sentiment Score of 0.01


Leave a Reply

 
© 2006-2017 Zolmax.