EQT Midstream Partners (EQM) Earning Somewhat Favorable Media Coverage, Analysis Shows

News articles about EQT Midstream Partners (NYSE:EQM) have been trending somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. EQT Midstream Partners earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the pipeline company an impact score of 46.8730498718554 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

EQT Midstream Partners (EQM) traded down $1.18 during trading on Wednesday, hitting $67.51. 234,652 shares of the stock were exchanged, compared to its average volume of 258,011. The stock has a market cap of $5,558.53, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 1.02 and a beta of 0.89. EQT Midstream Partners has a twelve month low of $64.42 and a twelve month high of $82.99. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.52.

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

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

A number of brokerages have commented on EQM. US Capital Advisors downgraded shares of EQT Midstream Partners from a “buy” rating to a “buy” rating in a research note on Friday, November 17th. Morgan Stanley reduced their target price on shares of EQT Midstream Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, November 17th. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of EQT Midstream Partners in a research note on Thursday, October 26th. Zacks Investment Research downgraded shares of EQT Midstream Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, October 16th. Finally, Seaport Global Securities began coverage on shares of EQT Midstream Partners in a research note on Tuesday, October 10th. They set a “buy” rating and a $96.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $90.83.

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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.

Insider Buying and Selling by Quarter for EQT Midstream Partners (NYSE:EQM)

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