Head-To-Head Survey: QEP Midstream Partners (QEPM) and EQT Midstream Partners (EQM)
QEP Midstream Partners (NYSE: QEPM) and EQT Midstream Partners (NYSE:EQM) are both oil & gas transportation services – nec companies, but which is the superior business? We will compare the two companies based on the strength of their valuation, analyst recommendations, risk, dividends, earnings, institutional ownership and profitability.
Institutional and Insider Ownership
73.8% of EQT Midstream Partners shares are owned by institutional investors. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
EQT Midstream Partners pays an annual dividend of $4.10 per share and has a dividend yield of 5.7%. QEP Midstream Partners does not pay a dividend. EQT Midstream Partners pays out 78.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. QEP Midstream Partners has raised its dividend for 5 consecutive years.
This table compares QEP Midstream Partners and EQT Midstream Partners’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|QEP Midstream Partners||62.86%||23.46%||13.76%|
|EQT Midstream Partners||65.99%||25.85%||16.59%|
This is a breakdown of current recommendations for QEP Midstream Partners and EQT Midstream Partners, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|QEP Midstream Partners||0||0||0||0||N/A|
|EQT Midstream Partners||0||2||7||0||2.78|
EQT Midstream Partners has a consensus price target of $88.43, indicating a potential upside of 22.92%. Given EQT Midstream Partners’ higher probable upside, analysts clearly believe EQT Midstream Partners is more favorable than QEP Midstream Partners.
Earnings & Valuation
This table compares QEP Midstream Partners and EQT Midstream Partners’ top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|QEP Midstream Partners||N/A||N/A||N/A||$1.11||14.50|
|EQT Midstream Partners||$735.61 million||7.88||$537.95 million||$5.23||13.76|
EQT Midstream Partners has higher revenue and earnings than QEP Midstream Partners. EQT Midstream Partners is trading at a lower price-to-earnings ratio than QEP Midstream Partners, indicating that it is currently the more affordable of the two stocks.
EQT Midstream Partners beats QEP Midstream Partners on 9 of the 12 factors compared between the two stocks.
About QEP Midstream Partners
QEP Midstream Partners, LP (QEP Midstream) is a master limited partnership formed to own, operate, acquire and develop midstream energy assets. The Company’s primary assets consist of ownership interests in four gathering systems and two Federal Energy Regulatory Commission (FERC)-regulated pipelines through which, the Company provides natural gas midstream services, and crude oil gathering and transportation services to producers and users of natural gas and crude oil. The natural gas midstream services include gathering, compression, treating and dehydration, processing, fractionation, natural gas transmission and natural gas liquids (NGL) products transportation. The Company provides crude oil gathering and transportation services in Colorado, North Dakota, Utah and Wyoming.
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. Transmission includes EQM’s FERC-regulated interstate pipeline and storage business. The Company’s operations are primarily focused in southwestern Pennsylvania and northern West Virginia. As of December 31, 2016, the Company provided midstream services to EQT Corporation (EQT) and a range of third parties across 24 counties in Pennsylvania, West Virginia and Ohio through its two assets: the gathering system, which delivered natural gas from wells and other receipt points to transmission pipelines, and the transmission and storage system, which served as a header system transmission pipeline.
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