EQT Midstream Partners LP (EQM) was Reiterated by Stifel to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 82 from a previous price target of $78 . Stifel advised their investors in a research report released on Oct 14, 2016.
On the company’s financial health, EQT Midstream Partners LP reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.18. The company had revenue of $172.00 million for the quarter, compared to analysts expectations of $170.90 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.
EQT Midstream Partners LP closed down -0.1 points or -0.13% at $77.03 with 4,26,312 shares getting traded on Tuesday. Post opening the session at $77.03, the shares hit an intraday low of $75.06 and an intraday high of $77.27 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Mar 20, 2015, Michael A Bryson (director) purchased 1,000 shares at $75.00 per share price.
EQT Midstream Partners LP (the Partnership) owns operates acquires and develops midstream assets in the Appalachian Basin. The Partnership provides all of its natural gas transmission storage and gathering services under contracts with long-term firm reservation and/or usage fees. The Partnership’s operations are primarily focused in southwestern Pennsylvania and northern West Virginia a location in the core of the developing natural gas shale play known as the Marcellus Shale. The Partnership provides midstream services to EQT Corporation (EQT) and multiple third parties across 21 counties in Pennsylvania and West Virginia through its two primary assets: the transmission and storage system which serves as a header system transmission pipeline and the gathering system which delivers natural gas from wells and other receipt points to transmission pipelines.