EQT Midstream Partners, LP (NYSE:EQM) – Analysts at Seaport Global Securities issued their Q3 2017 earnings per share (EPS) estimates for EQT Midstream Partners, in a research note issued to investors on Tuesday. Seaport Global Securities analyst B. Colson expects that the pipeline company will post earnings of $1.22 per share for the quarter. Seaport Global Securities currently has a “Buy” rating and a $96.00 target price on the stock. Seaport Global Securities also issued estimates for EQT Midstream Partners,’s Q4 2017 earnings at $1.29 EPS and FY2017 earnings at $5.15 EPS.
EQM has been the topic of a number of other reports. Scotiabank set a $94.00 price objective on EQT Midstream Partners, and gave the stock a “hold” rating in a research note on Saturday, July 22nd. TheStreet raised EQT Midstream Partners, from a “c+” rating to a “b-” rating in a research note on Wednesday, July 19th. BidaskClub raised EQT Midstream Partners, from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $96.00 price objective on shares of EQT Midstream Partners, in a research note on Tuesday. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of EQT Midstream Partners, in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $91.50.
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Shares of EQT Midstream Partners, (NYSE EQM) opened at 76.34 on Wednesday. The company has a market capitalization of $6.15 billion, a PE ratio of 14.71 and a beta of 0.88. EQT Midstream Partners, has a 52 week low of $69.20 and a 52 week high of $82.99. The stock has a 50 day moving average price of $75.09 and a 200-day moving average price of $75.11.
EQT Midstream Partners, (NYSE:EQM) last announced its quarterly earnings results on Thursday, July 27th. The pipeline company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.04). The company had revenue of $199.00 million during the quarter, compared to the consensus estimate of $195.00 million. EQT Midstream Partners, had a net margin of 66.99% and a return on equity of 25.61%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company earned $1.27 earnings per share.
Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in EQT Midstream Partners, by 7.2% in the first quarter. Bank of New York Mellon Corp now owns 24,884 shares of the pipeline company’s stock worth $1,913,000 after purchasing an additional 1,679 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in EQT Midstream Partners, by 3,053.5% in the first quarter. Ameriprise Financial Inc. now owns 87,478 shares of the pipeline company’s stock worth $6,725,000 after purchasing an additional 84,704 shares in the last quarter. Alliancebernstein L.P. increased its holdings in EQT Midstream Partners, by 40.6% in the first quarter. Alliancebernstein L.P. now owns 13,553 shares of the pipeline company’s stock worth $1,042,000 after purchasing an additional 3,913 shares in the last quarter. California Public Employees Retirement System increased its holdings in EQT Midstream Partners, by 336.9% in the first quarter. California Public Employees Retirement System now owns 128,000 shares of the pipeline company’s stock worth $9,843,000 after purchasing an additional 98,700 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in EQT Midstream Partners, in the first quarter worth approximately $9,841,000. 73.46% of the stock is currently owned by institutional investors.
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.
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