Royal Bank Of Canada Reiterates “Buy” Rating for EQT Midstream Partners, LP (EQM)

EQT Midstream Partners, LP (NYSE:EQM)‘s stock had its “buy” rating reiterated by equities researchers at Royal Bank Of Canada in a report issued on Tuesday. They currently have a $96.00 price objective on the pipeline company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 25.75% from the company’s current price.

Other research analysts have also recently issued research reports about the company. TheStreet cut EQT Midstream Partners, from a “b” rating to a “c+” rating in a report on Thursday, June 15th. Stifel Nicolaus reaffirmed a “hold” rating on shares of EQT Midstream Partners, in a report on Friday, June 23rd. BidaskClub raised EQT Midstream Partners, from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Morgan Stanley upped their price target on EQT Midstream Partners, from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, July 14th. Finally, Scotiabank set a $94.00 price target on EQT Midstream Partners, and gave the company a “hold” rating in a report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. EQT Midstream Partners, currently has a consensus rating of “Hold” and an average price target of $91.50.

EQT Midstream Partners, (NYSE:EQM) last announced its earnings results on Thursday, July 27th. The pipeline company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.04). EQT Midstream Partners, had a return on equity of 25.61% and a net margin of 66.99%. The firm had revenue of $199.00 million for the quarter, compared to the consensus estimate of $195.00 million. During the same period in the previous year, the firm earned $1.27 EPS. EQT Midstream Partners,’s revenue for the quarter was up 11.8% on a year-over-year basis.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Linscomb & Williams Inc. grew its position in EQT Midstream Partners, by 0.3% during the 2nd quarter. Linscomb & Williams Inc. now owns 4,134 shares of the pipeline company’s stock worth $309,000 after purchasing an additional 12 shares in the last quarter. Pointe Capital Management LLC grew its position in EQT Midstream Partners, by 0.5% during the 2nd quarter. Pointe Capital Management LLC now owns 21,095 shares of the pipeline company’s stock worth $1,574,000 after purchasing an additional 109 shares in the last quarter. Covenant Asset Management LLC grew its position in EQT Midstream Partners, by 5.9% during the 2nd quarter. Covenant Asset Management LLC now owns 3,970 shares of the pipeline company’s stock worth $296,000 after purchasing an additional 220 shares in the last quarter. Veritable L.P. grew its position in EQT Midstream Partners, by 5.0% during the 2nd quarter. Veritable L.P. now owns 5,680 shares of the pipeline company’s stock worth $424,000 after purchasing an additional 269 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in EQT Midstream Partners, by 1.5% during the 2nd quarter. SG Americas Securities LLC now owns 37,873 shares of the pipeline company’s stock worth $2,826,000 after purchasing an additional 573 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

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.

Analyst Recommendations for EQT Midstream Partners, (NYSE:EQM)

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