Media coverage about EQT Midstream Partners (NYSE:EQM) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. EQT Midstream Partners earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 46.8730498718554 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s analysis:
- EQT Midstream Partners LP (EQM) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Head to Head Comparison: EQT Midstream Partners (EQM) & ONEOK (OKE) (americanbankingnews.com)
- EQT Midstream Partners (EQM), Rice Midstream Partners (RMP) Announce Distribution Outlook for 2018 (streetinsider.com)
- EQT : Announces 2018 Operational Forecast (4-traders.com)
- EQT Corporation: EQT Announces 2018 Operational Forecast (twst.com)
A number of research firms recently issued reports on EQM. Seaport Global Securities began coverage on EQT Midstream Partners in a report on Tuesday, October 10th. They issued a “buy” rating and a $96.00 target price for the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $96.00 price target on shares of EQT Midstream Partners in a report on Tuesday, October 10th. Stifel Nicolaus set a $79.00 price target on EQT Midstream Partners and gave the stock a “hold” rating in a report on Friday, August 25th. US Capital Advisors downgraded EQT Midstream Partners from a “buy” rating to a “buy” rating in a report on Friday, November 17th. Finally, BidaskClub raised EQT Midstream Partners from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $90.83.
EQT Midstream Partners (EQM) traded down $0.52 on Friday, hitting $71.99. The stock had a trading volume of 650,000 shares, compared to its average volume of 262,865. The firm has a market capitalization of $5,771.27, a PE ratio of 13.72, a P/E/G ratio of 1.06 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 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 issued its quarterly earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.02. The firm had revenue of $207.20 million for the quarter, compared to analysts’ expectations of $205.29 million. EQT Midstream Partners had a return on equity of 25.85% and a net margin of 65.99%. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 EPS. equities research analysts forecast that EQT Midstream Partners will post 5.63 earnings per share for the current fiscal year.
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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.
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