EQT Midstream Partners, LP (NYSE:EQM) issued its quarterly earnings data on Thursday. The pipeline company reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.02, MarketWatch Earnings reports. EQT Midstream Partners, had a return on equity of 25.61% and a net margin of 66.99%. The business had revenue of $207.20 million for the quarter, compared to the consensus estimate of $205.29 million. During the same period in the prior year, the business earned $1.23 earnings per share. The business’s revenue was up 17.2% on a year-over-year basis.
EQT Midstream Partners, (EQM) traded up 1.91% during midday trading on Friday, hitting $71.87. The stock had a trading volume of 224,520 shares. The company’s 50-day moving average price is $74.50 and its 200 day moving average price is $74.82. EQT Midstream Partners, has a 12-month low of $69.20 and a 12-month high of $82.99. The stock has a market cap of $5.79 billion, a P/E ratio of 13.85 and a beta of 0.88.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Friday, November 3rd will be paid a $0.98 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.45%. This is a positive change from EQT Midstream Partners,’s previous quarterly dividend of $0.94. EQT Midstream Partners,’s dividend payout ratio (DPR) is 72.34%.
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EQM has been the topic of several recent analyst reports. TheStreet upgraded EQT Midstream Partners, from a “c+” rating to a “b-” rating in a research report on Wednesday, July 19th. Seaport Global Securities initiated coverage on EQT Midstream Partners, in a research report on Tuesday, October 10th. They set a “buy” rating and a $96.00 target price on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $96.00 target price on shares of EQT Midstream Partners, in a research report on Tuesday, October 10th. Stifel Nicolaus set a $79.00 target price on EQT Midstream Partners, and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Scotiabank set a $94.00 target price on EQT Midstream Partners, and gave the stock a “hold” rating in a research report on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. EQT Midstream Partners, has a consensus rating of “Hold” and an average price target of $91.50.
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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