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.

Several price targets were given for EQM by the analysts covering the stock. The maximum price target given was 107, implying potential capital gains of 40.16 percent. The most pessimistic analyst gave a price target of 79, implying potential capital losses of 3.48 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.38 percent. The average change in earnings estimates over the last 90 days is 1.98 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.8 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 5.14 percent in FY estimates.

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 revised their estimates downwards. Also over the last month, 1 analysts increased their estimates for the FY earnings, compared to 3 analysts that revised their FY estimates downwards.

The growth rate of EQM's earnings is estimated by analysts to be 10.61 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of EQM is 1.39.

In the trailing 52-weeks, EQM hit 82.99 at the highest peak, while it's lowest trading point was 69.20. The current market price is above the trailing year's low by 10.32 percent, and below the high by 8.01 percent. EQM has a P/E 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.