Deutsche Bank Begins Coverage on EQT Midstream Partners (EQM)

Deutsche Bank started coverage on shares of EQT Midstream Partners (NYSE:EQM) in a report released on Friday. The firm issued a buy rating and a $78.00 target price on the pipeline company’s stock.

Several other research analysts have also recently commented on EQM. Barclays decreased their target price on shares of EQT Midstream Partners from $83.00 to $68.00 and set an overweight rating for the company in a research report on Tuesday, April 17th. Bank of America restated a neutral rating and issued a $66.00 target price (down previously from $81.00) on shares of EQT Midstream Partners in a research report on Wednesday, March 21st. Zacks Investment Research cut shares of EQT Midstream Partners from a hold rating to a sell rating in a research report on Monday, April 2nd. Seaport Global Securities upgraded shares of EQT Midstream Partners from a neutral rating to a buy rating and decreased their target price for the stock from $70.00 to $67.00 in a research report on Monday, April 9th. Finally, Wells Fargo restated an outperform rating and issued a $77.00 target price (down previously from $85.00) on shares of EQT Midstream Partners in a research report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $77.00.

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NYSE EQM opened at $61.46 on Friday. EQT Midstream Partners has a 52 week low of $55.40 and a 52 week high of $79.53. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $4,834.90, a price-to-earnings ratio of 11.84, a PEG ratio of 0.85 and a beta of 0.94.

EQT Midstream Partners (NYSE:EQM) last posted its earnings results on Thursday, February 15th. The pipeline company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.27). EQT Midstream Partners had a return on equity of 25.24% and a net margin of 63.33%. The firm had revenue of $224.51 million during the quarter, compared to the consensus estimate of $226.22 million. During the same quarter last year, the company posted $1.31 EPS. EQT Midstream Partners’s revenue for the quarter was up 15.1% on a year-over-year basis. equities analysts expect that EQT Midstream Partners will post 5.89 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of EQT Midstream Partners in the fourth quarter valued at approximately $115,000. Captrust Financial Advisors bought a new position in shares of EQT Midstream Partners in the fourth quarter valued at approximately $122,000. Stuart Chaussee & Associates Inc. bought a new position in shares of EQT Midstream Partners in the fourth quarter valued at approximately $181,000. Advisory Services Network LLC boosted its holdings in shares of EQT Midstream Partners by 95.9% in the fourth quarter. Advisory Services Network LLC now owns 2,600 shares of the pipeline company’s stock valued at $190,000 after acquiring an additional 1,273 shares in the last quarter. Finally, V Wealth Management LLC bought a new position in shares of EQT Midstream Partners in the fourth quarter valued at approximately $214,000. Institutional investors and hedge funds own 73.08% of the company’s stock.

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EQT Midstream Partners Company Profile

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.

Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

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