EQT Midstream Partners, (EQM) Earning Somewhat Favorable Media Coverage, Report Shows
News coverage about EQT Midstream Partners, (NYSE:EQM) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. EQT Midstream Partners, earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the pipeline company an impact score of 46.835215284823 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- EQT Midstream Partners, LP (EQM) to Release Quarterly Earnings on Thursday (americanbankingnews.com)
- Rice Midstream Is Ranked 2nd among MLPs in Terms of Total Return (marketrealist.com)
- EQT Midstream Partners LP breached its 50 day moving average in a Bearish Manner : EQM-US : October 17, 2017 (finance.yahoo.com)
- EQT Midstream Partners, LP (EQM) Downgraded by Zacks Investment Research to Strong Sell (americanbankingnews.com)
- U.S. FERC approves two big Marcellus/Utica to Southeast natgas pipes (finance.yahoo.com)
Several equities research analysts recently weighed in on EQM shares. Scotiabank set a $94.00 price target on EQT Midstream Partners, and gave the stock a “hold” rating in a research note on Saturday, July 22nd. TheStreet raised EQT Midstream Partners, from a “c+” rating to a “b-” rating in a research note on Wednesday, July 19th. Stifel Nicolaus reaffirmed a “hold” rating on shares of EQT Midstream Partners, in a research note on Friday, June 23rd. BidaskClub raised EQT Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Morgan Stanley upped their price target on EQT Midstream Partners, from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $91.50.
Shares of EQT Midstream Partners, (NYSE:EQM) opened at 72.43 on Friday. The firm has a 50-day moving average price of $75.05 and a 200 day moving average price of $75.03. EQT Midstream Partners, has a 12-month low of $69.20 and a 12-month high of $82.99. The company has a market capitalization of $5.84 billion, a P/E ratio of 13.96 and a beta of 0.88.
EQT Midstream Partners, (NYSE:EQM) last released its quarterly earnings data on Thursday, July 27th. The pipeline company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.04). The firm had revenue of $199.00 million for the quarter, compared to analysts’ expectations of $195.00 million. EQT Midstream Partners, had a return on equity of 25.61% and a net margin of 66.99%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.27 earnings per share. On average, equities research analysts predict that EQT Midstream Partners, will post $5.52 earnings per share for the current year.
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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.
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