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.

Many analysts weighed in on price targets for EQM. The highest price target was 107, implying a possible profit of 40.16 percent. The most pessimistic price target was 79, implying potential capital losses of 3.48 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. If we look at the last 90 days instead, we find a net average change of 5.14 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 1 analysts increased their quarterly estimates, while 2 analysts revised their estimates downwards. Over the same time period, 1 analysts revised their FY earnings estimates upwards, compared to 3 analysts that revised their FY estimates downwards.

EQM has an estimated earnings growth rate of 10.61 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of EQM is 1.39.

EQM has traded between a high of 82.99 and a low of 69.20 over the past year. The current market price is above the trailing year's low by 10.32 percent, 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 stock has a market capitalization of $6.15 billion. EQM will post this quarters earnings in days, on 0000-00-00.