Equities Analysts Offer Predictions for EQT Midstream Partners’ Q1 2018 Earnings (EQM)

EQT Midstream Partners (NYSE:EQM) – US Capital Advisors raised their Q1 2018 earnings per share estimates for EQT Midstream Partners in a report released on Friday, April 6th. US Capital Advisors analyst C. Crosby now expects that the pipeline company will post earnings of $1.39 per share for the quarter, up from their prior estimate of $1.28. US Capital Advisors also issued estimates for EQT Midstream Partners’ Q2 2018 earnings at $1.42 EPS, Q3 2018 earnings at $1.45 EPS, Q4 2018 earnings at $1.42 EPS and FY2018 earnings at $5.69 EPS.

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EQT Midstream Partners (NYSE:EQM) last issued its earnings results on Thursday, February 15th. The pipeline company reported $1.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.27). The business had revenue of $224.51 million for the quarter, compared to analyst estimates of $226.22 million. EQT Midstream Partners had a return on equity of 25.24% and a net margin of 63.33%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.31 EPS.

Several other brokerages also recently commented on EQM. Credit Suisse Group started coverage on EQT Midstream Partners in a research note on Friday, January 5th. They set a “neutral” rating and a $71.00 target price for the company. Stifel Nicolaus lowered their target price on EQT Midstream Partners from $90.00 to $89.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Morgan Stanley lowered their target price on EQT Midstream Partners from $83.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, March 16th. ValuEngine downgraded EQT Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Seaport Global Securities downgraded EQT Midstream Partners from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $81.30.

Shares of NYSE EQM opened at $57.25 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market cap of $4,613.32, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94. EQT Midstream Partners has a 12 month low of $55.40 and a 12 month high of $79.53.

Several large investors have recently added to or reduced their stakes in EQM. BNP Paribas Arbitrage SA grew its holdings in shares of EQT Midstream Partners by 30.1% during the third quarter. BNP Paribas Arbitrage SA now owns 5,524 shares of the pipeline company’s stock worth $414,000 after purchasing an additional 1,279 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of EQT Midstream Partners by 9.7% during the third quarter. Bank of New York Mellon Corp now owns 16,657 shares of the pipeline company’s stock worth $1,249,000 after purchasing an additional 1,478 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of EQT Midstream Partners by 31.3% during the third quarter. Allianz Asset Management GmbH now owns 138,794 shares of the pipeline company’s stock worth $10,406,000 after purchasing an additional 33,094 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of EQT Midstream Partners by 14.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 6,721 shares of the pipeline company’s stock worth $504,000 after purchasing an additional 842 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of EQT Midstream Partners by 27.3% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,088 shares of the pipeline company’s stock worth $607,000 after purchasing an additional 1,736 shares during the last quarter. Institutional investors own 71.31% of the company’s stock.

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EQT Midstream Partners Company Profile

EQT Midstream Partners, LP provides natural gas gathering, transmission, and storage services in Pennsylvania, West Virginia, and Ohio. The company owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company also owned approximately 300 miles of high pressure gathering lines and 1,500 miles of federal energy regulatory commission (FERC) regulated low pressure gathering lines; and approximately 950 miles of FERC regulated interstate pipelines.

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