Critical Comparison: EQT Midstream Partners, (EQM) versus its Competitors

EQT Midstream Partners, (NYSE: EQM) is one of 53 public companies in the “Oil & Gas Transportation Services” industry, but how does it compare to its rivals? We will compare EQT Midstream Partners, to similar businesses based off the strength of its risk, analyst recommendations, valuation, earnings, dividends, institutional ownership and profitability.

Risk and Volatility

EQT Midstream Partners, has a beta of 0.89, suggesting that its stock price is 11% less volatile than the S&P 500. Comparatively, EQT Midstream Partners,’s rivals have a beta of 1.39, suggesting that their average stock price is 39% more volatile than the S&P 500.

Insider & Institutional Ownership

73.4% of EQT Midstream Partners, shares are owned by institutional investors. Comparatively, 57.4% of shares of all “Oil & Gas Transportation Services” companies are owned by institutional investors. 9.2% of shares of all “Oil & Gas Transportation Services” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Analyst Ratings

This is a summary of recent ratings and target prices for EQT Midstream Partners, and its rivals, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
EQT Midstream Partners, 0 2 4 0 2.67
EQT Midstream Partners, Competitors 379 2057 2462 109 2.46

EQT Midstream Partners, presently has a consensus target price of $91.00, suggesting a potential upside of 22.54%. All “Oil & Gas Transportation Services” companies have a potential upside of 21.20%. Given EQT Midstream Partners,’s stronger consensus rating and higher probable upside, research analysts plainly believe EQT Midstream Partners, is more favorable than its rivals.

Earnings & Valuation

This table compares EQT Midstream Partners, and its rivals gross revenue, earnings per share and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
EQT Midstream Partners, $774.18 million $623.10 million 14.36
EQT Midstream Partners, Competitors $5.61 billion $1.30 billion 36.37

EQT Midstream Partners,’s rivals have higher revenue and earnings than EQT Midstream Partners,. EQT Midstream Partners, is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently the more affordable than other companies in its industry.

Dividends

EQT Midstream Partners, pays an annual dividend of $3.74 per share and has a dividend yield of 5.0%. EQT Midstream Partners, pays out 72.3% of its earnings in the form of a dividend. As a group, “Oil & Gas Transportation Services” companies pay a dividend yield of 6.6% and pay out 172.5% of their earnings in the form of a dividend. EQT Midstream Partners, has increased its dividend for 4 consecutive years.

Profitability

This table compares EQT Midstream Partners, and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
EQT Midstream Partners, 66.99% 25.61% 16.75%
EQT Midstream Partners, Competitors 16.90% 14.38% 5.47%

Summary

EQT Midstream Partners, beats its rivals on 8 of the 15 factors compared.

About EQT Midstream Partners,

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. Transmission includes EQM’s FERC-regulated interstate pipeline and storage business. The Company’s operations are primarily focused in southwestern Pennsylvania and northern West Virginia. As of December 31, 2016, the Company provided midstream services to EQT Corporation (EQT) and a range of third parties across 24 counties in Pennsylvania, West Virginia and Ohio through its two assets: the gathering system, which delivered natural gas from wells and other receipt points to transmission pipelines, and the transmission and storage system, which served as a header system transmission pipeline.

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