EQT Midstream Partners LP (NYSE:EQM)‘s stock had its “buy” rating restated by equities researchers at Royal Bank of Canada in a research report issued on Friday. They presently have a $98.00 price objective on the stock. Royal Bank of Canada’s price target indicates a potential upside of 26.26% from the stock’s current price.

Several other research analysts have also commented on EQM. Scotiabank reiterated a “hold” rating and issued a $92.00 price target on shares of EQT Midstream Partners in a research report on Monday, February 6th. Janney Montgomery Scott began coverage on EQT Midstream Partners in a research report on Thursday, January 26th. They issued a “buy” rating and a $97.00 price target for the company. Morgan Stanley upgraded EQT Midstream Partners from an “equal weight” rating to a “buy” rating and lifted their price target for the stock from $87.00 to $89.00 in a research report on Tuesday, February 14th. Finally, Zacks Investment Research lowered EQT Midstream Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, December 13th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $90.00.

Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

Shares of EQT Midstream Partners (NYSE:EQM) opened at 77.62 on Friday. EQT Midstream Partners has a one year low of $69.15 and a one year high of $82.99. The stock has a market capitalization of $6.25 billion, a PE ratio of 14.90 and a beta of 0.91. The company’s 50-day moving average price is $79.45 and its 200 day moving average price is $76.30.

EQT Midstream Partners (NYSE:EQM) last released its quarterly earnings results on Thursday, February 2nd. The company reported $1.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by $0.03. The company earned $195.01 million during the quarter, compared to analysts’ expectations of $191.84 million. EQT Midstream Partners had a return on equity of 26.15% and a net margin of 67.66%. The company’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 EPS. Analysts anticipate that EQT Midstream Partners will post $5.44 EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its position in shares of EQT Midstream Partners by 46.4% in the third quarter. Quantbot Technologies LP now owns 1,731 shares of the company’s stock valued at $131,000 after buying an additional 549 shares during the period. CENTRAL TRUST Co raised its position in shares of EQT Midstream Partners by 17.5% in the third quarter. CENTRAL TRUST Co now owns 1,996 shares of the company’s stock valued at $152,000 after buying an additional 297 shares during the period. Solaris Asset Management LLC raised its position in shares of EQT Midstream Partners by 9.8% in the third quarter. Solaris Asset Management LLC now owns 2,250 shares of the company’s stock valued at $171,000 after buying an additional 200 shares during the period. Creative Planning raised its position in shares of EQT Midstream Partners by 45.8% in the third quarter. Creative Planning now owns 2,294 shares of the company’s stock valued at $175,000 after buying an additional 721 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in shares of EQT Midstream Partners by 29.8% in the third quarter. Chicago Partners Investment Group LLC now owns 2,618 shares of the company’s stock valued at $199,000 after buying an additional 601 shares during the period. Institutional investors own 72.60% of the company’s stock.

About EQT Midstream Partners

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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