EQM Midstream Partners LP (NYSE:EQM) has been given an average rating of “Hold” by the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $55.08.
Several research firms recently commented on EQM. Citigroup set a $113.00 target price on shares of Dover and gave the company a “buy” rating in a research note on Monday, April 22nd. Zacks Investment Research lowered shares of Hanger from a “hold” rating to a “sell” rating in a research note on Tuesday, May 28th.
Several hedge funds have recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in shares of EQM Midstream Partners during the second quarter valued at approximately $148,000. Nwam LLC raised its holdings in shares of EQM Midstream Partners by 10.8% during the second quarter. Nwam LLC now owns 14,893 shares of the pipeline company’s stock valued at $665,000 after acquiring an additional 1,447 shares during the period. Diversified Trust Co raised its holdings in shares of EQM Midstream Partners by 12.1% during the second quarter. Diversified Trust Co now owns 23,366 shares of the pipeline company’s stock valued at $1,044,000 after acquiring an additional 2,526 shares during the period. First Trust Advisors LP raised its holdings in shares of EQM Midstream Partners by 39.2% during the first quarter. First Trust Advisors LP now owns 228,757 shares of the pipeline company’s stock valued at $10,562,000 after acquiring an additional 64,432 shares during the period. Finally, FMR LLC raised its holdings in shares of EQM Midstream Partners by 26.4% during the first quarter. FMR LLC now owns 78,033 shares of the pipeline company’s stock valued at $3,603,000 after acquiring an additional 16,299 shares during the period. Institutional investors and hedge funds own 38.18% of the company’s stock.
EQM stock traded up $0.55 on Friday, hitting $40.94. 609,353 shares of the company’s stock traded hands, compared to its average volume of 506,206. EQM Midstream Partners has a 1-year low of $38.24 and a 1-year high of $58.00. The firm has a market cap of $8.38 billion, a PE ratio of 8.07 and a beta of 1.00. The stock’s fifty day moving average is $43.76. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.69 and a current ratio of 0.69.
EQM Midstream Partners (NYSE:EQM) last released its earnings results on Tuesday, April 30th. The pipeline company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.14 by $0.42. EQM Midstream Partners had a net margin of 37.39% and a return on equity of 18.34%. The business had revenue of $389.78 million during the quarter, compared to analyst estimates of $395.08 million. During the same period in the prior year, the business earned $1.61 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities analysts expect that EQM Midstream Partners will post 4.4 EPS for the current year.
EQM Midstream Partners Company Profile
EQM Midstream Partners, LP owns, operates, acquires, and develops midstream assets in the Appalachian Basin. It operates through three segments: Gathering, Transmission, and Water. As of December 31, 2018, the company owned approximately 700 miles of high-pressure gathering lines and 1,500 miles of Federal Energy Regulatory Commission (FERC) regulated low-pressure gathering lines; approximately 950 miles of FERC regulated interstate pipelines; and approximately 160 miles of pipelines.
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