EQT Midstream Partners (NYSE:EQM) PT Lowered to $83.00 at Morgan Stanley

EQT Midstream Partners (NYSE:EQM) had its price objective lowered by equities researchers at Morgan Stanley from $86.00 to $83.00 in a report issued on Friday, November 17th. The brokerage presently has an “overweight” rating on the pipeline company’s stock. Morgan Stanley’s price objective points to a potential upside of 19.48% from the company’s previous close.

EQM has been the subject of a number of other research reports. BidaskClub downgraded EQT Midstream Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Seaport Global Securities initiated coverage on EQT Midstream Partners in a research note on Tuesday, October 10th. They issued a “buy” rating and a $96.00 price objective for the company. Stifel Nicolaus set a $79.00 price objective on EQT Midstream Partners and gave the company a “hold” rating in a research note on Friday, August 25th. Zacks Investment Research downgraded EQT Midstream Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, October 16th. Finally, Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of EQT Midstream Partners in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. EQT Midstream Partners presently has a consensus rating of “Hold” and an average target price of $90.83.

EQT Midstream Partners (NYSE EQM) opened at $69.47 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.52. EQT Midstream Partners has a 12-month low of $64.42 and a 12-month high of $82.99. The firm has a market capitalization of $5,598.02, a P/E ratio of 13.31, a PEG ratio of 1.03 and a beta of 0.89.

EQT Midstream Partners (NYSE:EQM) last announced its quarterly earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.02. EQT Midstream Partners had a return on equity of 25.85% and a net margin of 65.99%. The business had revenue of $207.20 million during the quarter, compared to the consensus estimate of $205.29 million. During the same quarter in the prior year, the company posted $1.23 earnings per share. EQT Midstream Partners’s revenue was up 17.2% compared to the same quarter last year. research analysts predict that EQT Midstream Partners will post 5.63 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. IFP Advisors Inc lifted its holdings in EQT Midstream Partners by 120.5% during the 2nd quarter. IFP Advisors Inc now owns 1,808 shares of the pipeline company’s stock worth $135,000 after purchasing an additional 988 shares in the last quarter. Saratoga Research & Investment Management purchased a new stake in EQT Midstream Partners during the 3rd quarter worth about $186,000. A. D. Beadell Investment Counsel Inc. purchased a new stake in shares of EQT Midstream Partners in the 3rd quarter valued at about $203,000. CIBC Asset Management Inc purchased a new stake in shares of EQT Midstream Partners in the 3rd quarter valued at about $204,000. Finally, Dearborn Partners LLC purchased a new stake in shares of EQT Midstream Partners in the 3rd quarter valued at about $205,000. 73.74% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

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