Analyst Ratings for EQT Midstream Partners LP (EQM)

Updated: 2017-07-26

An average rating of Buy has been given to EQT Midstream Partners LP (NYSE:EQM) by analysts covering the stock. About 30 days ago, EQM was issued an average rating of Buy.

Of the 16 analysts covering the stock, 13 gave it a buy rating, 1 issued an overweight rating, 2 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 4. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

A number of analysts gave price targets for EQM. The highest price target was 107, implying potential capital gains of 40.16 percent. The most pessimistic analyst gave a price target of 79, which equates to a potential downside of 3.48 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.38 percent. That number becomes 1.98 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0.8 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 5.14 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. Over the same time period, 1 analysts revised their FY earnings estimates upwards, while 3 analysts decreased their estimates.

Analysts estimate earnings of EQM to grow at a rate of 10.61 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. EQM has a PEG ratio of 1.39.

In the trailing 52-weeks, EQM hit 82.99 at the highest peak, while it's lowest trading point was 69.20. Today's price is 10.32 percent above the 52-week low, and 8.01 percent below the high. EQM has a price/earnings ratio of 14.7. Investors typically compare the P/E ratio to a company's peers in the industry. The EQM value stock report compares EQM to some of its peers using value stock charts. The market cap of EQM is $6.15 billion. EQM's next earnings release will be on 0000-00-00, which is days away.