EQT Midstream Partners LP is Upgraded by Morgan Stanley to ” Overweight”

EQT Midstream Partners LP (EQM) was Upgraded by Morgan Stanley to ” Overweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their Clients and Investors in a research report released on Feb 14, 2017.

On the company’s financial health, EQT Midstream Partners LP reported $1.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 2, 2017. Analyst had a consensus of $1.30. The company had revenue of $195.01 million for the quarter, compared to analysts expectations of $192.54 million. The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS.

Several company insiders have filed Insider transactions , on Mar 20, 2015, Michael A Bryson (director) purchased 1,000 shares at $75.00 per share price.

EQT Midstream Partners LP opened for trading at $81.89 and hit $82.66 on the upside on Friday, eventually ending the session at $80.89, with a gain of 0.19% or 0.15 points. The heightened volatility saw the trading volume jump to 1,45,804 shares. Company has a market cap of $6,518 M.

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.

EQT Midstream Partners LP

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