Several brokerages have updated their recommendations and price targets on shares of EQT Midstream Partners (NYSE: EQM) in the last few weeks:

  • 8/17/2018 – EQT Midstream Partners had its price target lowered by analysts at Morgan Stanley from $65.00 to $61.00. They now have an “overweight” rating on the stock.
  • 8/17/2018 – EQT Midstream Partners had its price target lowered by analysts at LADENBURG THALM/SH SH from $81.00 to $29.00. They now have a “buy” rating on the stock.
  • 8/17/2018 – EQT Midstream Partners had its price target lowered by analysts at Stifel Nicolaus from $66.00 to $62.00. They now have a “buy” rating on the stock.
  • 7/31/2018 – EQT Midstream Partners was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “EQT Midstream Partners, LP is formed to own, operate, acquire and develop midstream assets in the Appalachian Basin. The Company provides substantially all of its natural gas transmission, storage and gathering services under contracts with fixed reservation and/or usage fees. It operates primarily in the Marcellus Shale area of southern Pennsylvania and northern West Virginia. EQT Midstream Partners, LP is based in Pittsburgh, Pennsylvania. “
  • 7/30/2018 – EQT Midstream Partners was downgraded by analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating. They now have a $77.00 price target on the stock, up previously from $69.00.
  • 7/30/2018 – EQT Midstream Partners was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $58.00 price target on the stock. According to Zacks, “EQT Midstream Partners, LP is formed to own, operate, acquire and develop midstream assets in the Appalachian Basin. The Company provides substantially all of its natural gas transmission, storage and gathering services under contracts with fixed reservation and/or usage fees. It operates primarily in the Marcellus Shale area of southern Pennsylvania and northern West Virginia. EQT Midstream Partners, LP is based in Pittsburgh, Pennsylvania. “
  • 7/27/2018 – EQT Midstream Partners had its price target lowered by analysts at Bank of America Corp from $66.00 to $64.00. They now have a “neutral” rating on the stock.
  • 7/27/2018 – EQT Midstream Partners had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $61.00 price target on the stock.
  • 7/27/2018 – EQT Midstream Partners had its price target lowered by analysts at Stifel Nicolaus from $73.00 to $66.00. They now have a “buy” rating on the stock.
  • 7/25/2018 – EQT Midstream Partners is now covered by analysts at Jefferies Financial Group Inc. They set a “buy” rating and a $65.00 price target on the stock.
  • 7/16/2018 – EQT Midstream Partners was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “EQT Midstream Partners, LP is formed to own, operate, acquire and develop midstream assets in the Appalachian Basin. The Company provides substantially all of its natural gas transmission, storage and gathering services under contracts with fixed reservation and/or usage fees. It operates primarily in the Marcellus Shale area of southern Pennsylvania and northern West Virginia. EQT Midstream Partners, LP is based in Pittsburgh, Pennsylvania. “
  • 7/13/2018 – EQT Midstream Partners had its price target lowered by analysts at Morgan Stanley from $71.00 to $65.00. They now have an “overweight” rating on the stock.
  • 7/11/2018 – EQT Midstream Partners had its price target lowered by analysts at Barclays PLC from $68.00 to $64.00. They now have an “overweight” rating on the stock.
  • 7/4/2018 – EQT Midstream Partners was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “EQT Midstream Partners, LP is formed to own, operate, acquire and develop midstream assets in the Appalachian Basin. The Company provides substantially all of its natural gas transmission, storage and gathering services under contracts with fixed reservation and/or usage fees. It operates primarily in the Marcellus Shale area of southern Pennsylvania and northern West Virginia. EQT Midstream Partners, LP is based in Pittsburgh, Pennsylvania. “

Shares of EQT Midstream Partners stock opened at $54.68 on Monday. The stock has a market capitalization of $4.86 billion, a P/E ratio of 10.54 and a beta of 0.96. EQT Midstream Partners LP has a 1 year low of $48.91 and a 1 year high of $77.97. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.39.

EQT Midstream Partners (NYSE:EQM) last announced its quarterly 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). The firm had revenue of $269.76 million during the quarter, compared to the consensus estimate of $247.61 million. EQT Midstream Partners had a return on equity of 26.66% and a net margin of 63.76%. The business’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 EPS. analysts expect that EQT Midstream Partners LP will post 5.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 14th. Investors of record on Friday, August 3rd were paid a $1.09 dividend. This is a boost from EQT Midstream Partners’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, August 2nd. This represents a $4.36 dividend on an annualized basis and a yield of 7.97%. EQT Midstream Partners’s payout ratio is presently 84.01%.

In other news, Director Michael A. Bryson purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 29th. The shares were bought at an average price of $55.53 per share, for a total transaction of $55,530.00. Following the purchase, the director now directly owns 1,175 shares in the company, valued at approximately $65,247.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. purchased a new position in EQT Midstream Partners in the 1st quarter worth about $157,000. Ostrum Asset Management purchased a new position in EQT Midstream Partners in the 1st quarter worth about $241,000. Keybank National Association OH raised its position in EQT Midstream Partners by 26.2% in the 2nd quarter. Keybank National Association OH now owns 4,753 shares of the pipeline company’s stock worth $245,000 after buying an additional 987 shares during the last quarter. Dearborn Partners LLC raised its position in EQT Midstream Partners by 26.5% in the 1st quarter. Dearborn Partners LLC now owns 4,373 shares of the pipeline company’s stock worth $258,000 after buying an additional 917 shares during the last quarter. Finally, Meridian Wealth Management LLC purchased a new position in EQT Midstream Partners in the 1st quarter worth about $262,000. 64.11% of the stock is owned by institutional investors and hedge funds.

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.

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