EQT Midstream Partners, (EQM) Earning Somewhat Favorable Press Coverage, Study Shows
Media stories about EQT Midstream Partners, (NYSE:EQM) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. EQT Midstream Partners, earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 46.7394693136574 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- EQT Midstream Partners, LP (EQM) Receives “Hold” Rating from Stifel Nicolaus (lazeresportes.com)
- Kayne Anderson Capital Advisors Lp Marginally Lowers Its Ownership in EQT Midstream Partners, LP Comm (EQM … – Modern Readers (modernreaders.com)
- Neuberger Berman Group LLC Marginally Raises Its Holdings in EQT Midstream Partners, LP Comm (EQM) Stock – Modern Readers (modernreaders.com)
- EQT Midstream Partners, LP Comm (EQM) Stake Increased by Jpmorgan Chase & Co – First News 24 (firstnewspaper24.com)
- EQT Midstream Partners, LP Comm (EQM) Position Up in Latest Report from Neuberger Berman Group LLC Last Quarter – Modern Readers (modernreaders.com)
Shares of EQT Midstream Partners, (NYSE EQM) opened at 73.61 on Friday. The company has a market capitalization of $5.93 billion, a PE ratio of 14.19 and a beta of 0.89. EQT Midstream Partners, has a 12 month low of $69.20 and a 12 month high of $82.99. The stock’s 50 day moving average price is $75.71 and its 200 day moving average price is $76.40.
EQT Midstream Partners, (NYSE:EQM) last issued its earnings results on Thursday, July 27th. The pipeline company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by $0.04. The business had revenue of $199 million for the quarter, compared to the consensus estimate of $195 million. EQT Midstream Partners, had a net margin of 66.99% and a return on equity of 25.61%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $1.27 EPS. On average, analysts forecast that EQT Midstream Partners, will post $5.49 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Friday, August 4th will be paid a dividend of $0.935 per share. This represents a $3.74 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend is Wednesday, August 2nd. This is an increase from EQT Midstream Partners,’s previous quarterly dividend of $0.89. EQT Midstream Partners,’s dividend payout ratio (DPR) is 72.34%.
Several research firms have commented on EQM. BidaskClub downgraded shares of EQT Midstream Partners, from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. TheStreet raised shares of EQT Midstream Partners, from a “c+” rating to a “b-” rating in a report on Wednesday, July 19th. Scotiabank set a $94.00 price objective on shares of EQT Midstream Partners, and gave the company a “hold” rating in a report on Saturday, July 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $79.00 price objective on shares of EQT Midstream Partners, in a report on Friday, July 21st. Finally, Morgan Stanley upped their price objective on shares of EQT Midstream Partners, from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $89.50.
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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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