Trade Report: The EQT Midstream Partners LP (EQM) Rating Reiterated by Deutsche Bank AG

The EQT Midstream Partners LP (EQM) Rating Reiterated by Deutsche Bank AG

EQT Midstream Partners LP (NYSE:EQM)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank AG in a research report issued to clients and investors on Friday.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus increased their price target on EQT Midstream Partners from $78.00 to $82.00 and gave the company a “hold” rating in a research note on Friday. Zacks Investment Research raised EQT Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $86.00 price target on the stock in a research note on Tuesday, September 20th. Credit Suisse Group AG reissued a “neutral” rating on shares of EQT Midstream Partners in a research note on Tuesday, August 16th. Finally, Morgan Stanley reissued a “hold” rating and issued a $83.00 price target on shares of EQT Midstream Partners in a research note on Wednesday, September 21st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $89.05.

Shares of EQT Midstream Partners (NYSE:EQM) traded down 0.83% on Friday, reaching $76.55. The company’s stock had a trading volume of 119,400 shares. The company has a market cap of $6.17 billion, a P/E ratio of 15.14 and a beta of 0.94. The company has a 50 day moving average price of $77.34 and a 200 day moving average price of $76.50. EQT Midstream Partners has a 52-week low of $56.52 and a 52-week high of $80.63.

EQT Midstream Partners (NYSE:EQM) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.12. The firm earned $172 million during the quarter, compared to the consensus estimate of $172.47 million. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 earnings per share. On average, analysts anticipate that EQT Midstream Partners will post $5.06 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Tortoise Capital Advisors L.L.C. boosted its position in shares of EQT Midstream Partners by 18.6% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 9,619,868 shares of the company’s stock valued at $772,475,000 after buying an additional 1,506,668 shares during the last quarter. Harvest Fund Advisors LLC boosted its position in EQT Midstream Partners by 5.8% in the second quarter. Harvest Fund Advisors LLC now owns 2,856,833 shares of the company’s stock worth $229,404,000 after buying an additional 156,941 shares during the last quarter. Neuberger Berman Group LLC boosted its position in EQT Midstream Partners by 9.1% in the second quarter. Neuberger Berman Group LLC now owns 2,597,069 shares of the company’s stock worth $208,545,000 after buying an additional 216,842 shares during the last quarter. Energy Income Partners LLC boosted its position in EQT Midstream Partners by 4.3% in the first quarter. Energy Income Partners LLC now owns 2,004,518 shares of the company’s stock worth $149,196,000 after buying an additional 82,235 shares during the last quarter. Finally, Cohen & Steers Inc. boosted its position in EQT Midstream Partners by 421.9% in the second quarter. Cohen & Steers Inc. now owns 1,599,617 shares of the company’s stock worth $13,693,000 after buying an additional 1,293,141 shares during the last quarter.

EQT Midstream Partners Company Profile

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