EQT Midstream Partners LP (NYSE:EQM) – Equities researchers at Mitsubishi UFJ Financial Group decreased their Q1 2019 earnings estimates for shares of EQT Midstream Partners in a research report issued to clients and investors on Wednesday, September 26th. Mitsubishi UFJ Financial Group analyst B. Blaschke now anticipates that the pipeline company will earn $1.65 per share for the quarter, down from their previous forecast of $1.67.

EQT Midstream Partners (NYSE:EQM) last announced its earnings results on Thursday, July 26th. The pipeline company reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.29). EQT Midstream Partners had a return on equity of 26.66% and a net margin of 63.76%. The firm had revenue of $269.76 million for the quarter, compared to analyst estimates of $247.61 million. During the same quarter last year, the business posted $1.27 EPS. The firm’s revenue was up 37.1% compared to the same quarter last year.

EQM has been the topic of a number of other research reports. Citigroup decreased their price target on shares of EQT Midstream Partners to $64.00 and set an “overweight” rating on the stock in a report on Tuesday. Barclays decreased their price target on shares of EQT Midstream Partners from $64.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, August 29th. Bank of America decreased their price target on shares of EQT Midstream Partners from $64.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, August 21st. LADENBURG THALM/SH SH decreased their price target on shares of EQT Midstream Partners from $81.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Finally, Morgan Stanley decreased their price target on shares of EQT Midstream Partners from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Friday, August 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $63.64.

Shares of NYSE EQM opened at $51.70 on Thursday. EQT Midstream Partners has a 1 year low of $48.91 and a 1 year high of $77.97. The company has a market cap of $4.55 billion, a P/E ratio of 10.00 and a beta of 1.06. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.39.

Institutional investors and hedge funds have recently made changes to their positions in the business. Tortoise Capital Advisors L.L.C. raised its stake in shares of EQT Midstream Partners by 23.0% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 10,188,782 shares of the pipeline company’s stock valued at $525,639,000 after acquiring an additional 1,903,618 shares during the period. Summit Trail Advisors LLC raised its stake in shares of EQT Midstream Partners by 4,273.8% in the 1st quarter. Summit Trail Advisors LLC now owns 880,177 shares of the pipeline company’s stock valued at $880,000 after acquiring an additional 860,053 shares during the period. Brookfield Asset Management Inc. raised its stake in shares of EQT Midstream Partners by 556.1% in the 1st quarter. Brookfield Asset Management Inc. now owns 994,647 shares of the pipeline company’s stock valued at $58,714,000 after acquiring an additional 843,057 shares during the period. JPMorgan Chase & Co. raised its stake in shares of EQT Midstream Partners by 45.9% in the 1st quarter. JPMorgan Chase & Co. now owns 1,954,024 shares of the pipeline company’s stock valued at $115,347,000 after acquiring an additional 614,562 shares during the period. Finally, UBS Group AG raised its stake in shares of EQT Midstream Partners by 24.8% in the 1st quarter. UBS Group AG now owns 1,598,311 shares of the pipeline company’s stock valued at $94,349,000 after acquiring an additional 317,419 shares during the period. Institutional investors own 65.73% of the company’s stock.

About EQT Midstream Partners

EQT Midstream Partners, LP provides natural gas gathering, transmission, and storage services in Pennsylvania, West Virginia, and Ohio. The company owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company also owned approximately 300 miles of high pressure gathering lines and 1,500 miles of federal energy regulatory commission (FERC) regulated low pressure gathering lines; and approximately 950 miles of FERC regulated interstate pipelines.

Featured Article: Average Daily Trade Volume Explained

Earnings History and Estimates for EQT Midstream Partners (NYSE:EQM)

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