EQT Midstream Partners (NYSE:EQM)‘s stock had its “sector perform” rating reissued by analysts at Royal Bank of Canada in a research report issued on Monday. They presently have a $84.00 target price on the pipeline company’s stock, up from their previous target price of $74.00. Royal Bank of Canada’s target price points to a potential upside of 22.93% from the stock’s previous close.
A number of other analysts have also recently weighed in on the stock. US Capital Advisors cut shares of EQT Midstream Partners from a “buy” rating to a “buy” rating in a research note on Friday, November 17th. Bank of America started coverage on shares of EQT Midstream Partners in a research note on Tuesday, January 9th. They issued a “buy” rating and a $89.00 target price on the stock. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of EQT Midstream Partners in a research note on Thursday, October 26th. Zacks Investment Research cut shares of EQT Midstream Partners from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. Finally, Morgan Stanley lowered their target price on shares of EQT Midstream Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $86.71.
Shares of EQT Midstream Partners (EQM) opened at $68.33 on Monday. The firm has a market cap of $5,600.00, a PE ratio of 13.07, a P/E/G ratio of 0.93 and a beta of 0.77. EQT Midstream Partners has a 52 week low of $64.42 and a 52 week high of $82.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.90 and a quick ratio of 0.90.
A number of institutional investors have recently modified their holdings of EQM. Center Coast Capital Advisors LP bought a new stake in EQT Midstream Partners during the fourth quarter worth about $57,976,000. Alps Advisors Inc. grew its stake in EQT Midstream Partners by 11.2% during the third quarter. Alps Advisors Inc. now owns 4,761,137 shares of the pipeline company’s stock worth $356,942,000 after buying an additional 480,995 shares during the last quarter. JPMorgan Chase & Co. grew its stake in EQT Midstream Partners by 20.8% during the third quarter. JPMorgan Chase & Co. now owns 1,271,917 shares of the pipeline company’s stock worth $93,817,000 after buying an additional 219,261 shares during the last quarter. Cadence Capital Management LLC bought a new stake in EQT Midstream Partners during the third quarter worth about $11,963,000. Finally, Global X Management Co. LLC grew its stake in EQT Midstream Partners by 33.7% during the fourth quarter. Global X Management Co. LLC now owns 558,716 shares of the pipeline company’s stock worth $40,842,000 after buying an additional 140,824 shares during the last quarter. 74.47% of the stock is currently owned by hedge funds and other institutional investors.
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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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