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.

Investment analysts gave a few price targets for EQM. The most optimistic price target was 107, implying potential capital gains of 40.16 percent. The most pessimistic price target was 79, implying potential capital losses of 3.48 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

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.

Another thing investors often look at is the level of agreement among analysts' 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, while 3 analysts made negative revisions to their fiscal year's estimates.

The growth rate of EQM's earnings is estimated by analysts to be 10.61 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, 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, but many choose to perform ratio comparisons with other companies in the industry. 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. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.