EQT Midstream Partners (NYSE:EQM) Downgraded by US Capital Advisors

US Capital Advisors cut shares of EQT Midstream Partners (NYSE:EQM) from a buy rating to a buy rating in a research report released on Friday, November 17th.

Several other research analysts also recently commented on EQM. Stifel Nicolaus reissued a hold rating and issued a $79.00 price objective on shares of EQT Midstream Partners in a research note on Friday, July 21st. Scotiabank set a $94.00 target price on EQT Midstream Partners and gave the company a hold rating in a report on Saturday, July 22nd. BidaskClub cut EQT Midstream Partners from a hold rating to a sell rating in a report on Tuesday, July 25th. Royal Bank Of Canada restated a buy rating and set a $96.00 target price on shares of EQT Midstream Partners in a report on Tuesday, October 10th. Finally, Seaport Global Securities started coverage on EQT Midstream Partners in a report on Tuesday, October 10th. They set a buy rating and a $96.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $90.83.

Shares of EQT Midstream Partners (EQM) traded down $1.18 during mid-day trading on Friday, hitting $67.51. The stock had a trading volume of 234,652 shares, compared to its average volume of 258,011. The stock has a market capitalization of $5,558.53, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.02 and a beta of 0.89. EQT Midstream Partners has a 1-year low of $64.42 and a 1-year 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.

EQT Midstream Partners (NYSE:EQM) last announced its quarterly earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.02. The company had revenue of $207.20 million during the quarter, compared to the consensus estimate of $205.29 million. EQT Midstream Partners had a return on equity of 25.85% and a net margin of 65.99%. EQT Midstream Partners’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 earnings per share. equities analysts expect that EQT Midstream Partners will post 5.63 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Friday, November 3rd were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend was Thursday, November 2nd. This is an increase from EQT Midstream Partners’s previous quarterly dividend of $0.94. EQT Midstream Partners’s dividend payout ratio (DPR) is currently 75.10%.

A number of large investors have recently added to or reduced their stakes in EQM. IFP Advisors Inc grew its stake in shares of EQT Midstream Partners by 120.5% in the 2nd quarter. IFP Advisors Inc now owns 1,808 shares of the pipeline company’s stock valued at $135,000 after purchasing an additional 988 shares during the last quarter. Saratoga Research & Investment Management purchased a new position in shares of EQT Midstream Partners in the 3rd quarter valued at approximately $186,000. A. D. Beadell Investment Counsel Inc. purchased a new position in shares of EQT Midstream Partners in the 3rd quarter valued at approximately $203,000. CIBC Asset Management Inc purchased a new position in shares of EQT Midstream Partners in the 3rd quarter valued at approximately $204,000. Finally, Dearborn Partners LLC purchased a new stake in shares of EQT Midstream Partners in the third quarter valued at approximately $205,000. Hedge funds and other institutional investors own 73.74% of the company’s stock.

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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.

Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

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