News coverage about EQT Midstream Partners (NYSE:EQM) has been trending somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. EQT Midstream Partners earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 46.3400121597399 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
Several equities analysts recently commented on the stock. Barclays cut their price target on shares of EQT Midstream Partners from $83.00 to $68.00 and set an “overweight” rating on the stock in a report on Tuesday. Seaport Global Securities raised shares of EQT Midstream Partners from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $70.00 to $67.00 in a research report on Monday, April 9th. Zacks Investment Research cut shares of EQT Midstream Partners from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Bank of America reissued a “neutral” rating and issued a $66.00 price objective (down from $81.00) on shares of EQT Midstream Partners in a research report on Wednesday, March 21st. Finally, TheStreet cut shares of EQT Midstream Partners from a “b-” rating to a “c+” rating in a research report on Monday, March 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. EQT Midstream Partners has an average rating of “Hold” and a consensus target price of $76.90.
Shares of EQM opened at $60.43 on Friday. EQT Midstream Partners has a fifty-two week low of $55.40 and a fifty-two week high of $79.53. The company has a market capitalization of $5,044.42, a PE ratio of 11.64, a price-to-earnings-growth ratio of 0.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.69 and a quick ratio of 0.69.
EQT Midstream Partners (NYSE:EQM) last announced its quarterly earnings results on Thursday, February 15th. The pipeline company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.27). EQT Midstream Partners had a return on equity of 25.24% and a net margin of 63.33%. The business had revenue of $224.51 million during the quarter, compared to analysts’ expectations of $226.22 million. During the same period in the previous year, the company posted $1.31 EPS. EQT Midstream Partners’s revenue for the quarter was up 15.1% on a year-over-year basis. equities analysts expect that EQT Midstream Partners will post 5.87 EPS for the current year.
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About EQT Midstream Partners
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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