EQT Midstream Partners, LP (EQM) to Post Q3 2017 Earnings of $1.22 Per Share, Seaport Global Securities Forecasts

EQT Midstream Partners, LP (NYSE:EQM) – Equities research analysts at Seaport Global Securities issued their Q3 2017 earnings per share (EPS) estimates for EQT Midstream Partners, in a note issued to investors on Tuesday. Seaport Global Securities analyst B. Colson anticipates that the pipeline company will post earnings per share of $1.22 for the quarter. Seaport Global Securities has a “Buy” rating and a $96.00 price target on the stock. Seaport Global Securities also issued estimates for EQT Midstream Partners,’s Q4 2017 earnings at $1.29 EPS and FY2017 earnings at $5.15 EPS.

A number of other research analysts have also recently issued reports on the company. 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. 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 “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Morgan Stanley lifted 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $91.50.

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EQT Midstream Partners, (EQM) opened at 76.21 on Wednesday. The company has a 50-day moving average of $75.14 and a 200-day moving average of $75.12. EQT Midstream Partners, has a 12 month low of $69.20 and a 12 month high of $82.99. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 14.69 and a beta of 0.88.

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

A number of hedge funds have recently made changes to their positions in the stock. Linscomb & Williams Inc. increased its position in EQT Midstream Partners, by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 4,134 shares of the pipeline company’s stock worth $309,000 after purchasing an additional 12 shares during the period. Pointe Capital Management LLC increased its position in EQT Midstream Partners, by 0.5% in the second 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 during the period. Covenant Asset Management LLC increased its position in EQT Midstream Partners, by 5.9% in the second 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 during the period. Veritable L.P. increased its position in EQT Midstream Partners, by 5.0% in the second quarter. Veritable L.P. now owns 5,680 shares of the pipeline company’s stock worth $424,000 after purchasing an additional 269 shares during the period. Finally, SG Americas Securities LLC increased its position in EQT Midstream Partners, by 1.5% in the second 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 during the period. 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.

Earnings History and Estimates for EQT Midstream Partners, (NYSE:EQM)

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