EQT Midstream Partners LP (NYSE:EQM) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: November 28, 2016
Yesterday EQT Midstream Partners LP (NYSE:EQM) traded -2.41% lower at $72.51. EQT Midstream Partners LP’s 50-day average is $74.57 and its two hundred day average is $76.41. The last stock price is down -5.10% from the 200-day moving average, compared to the S&P 500 Index which has decreased -0.03% over the date range. Volume of trade was down over the average, with 209,178 shares of EQM changing hands under the typical 263,002
Zacks Investment Research has downgraded EQT Midstream Partners LP (NYSE:EQM) to Hold in a report released on 11/28/2016.
With a total market value of $0, EQT Midstream Partners LP has 52 week low of $56.52 and a 52 week high of $80.63 with a P/E ratio of 14.10 .
In addition to Zacks Investment Research reporting its target price, a total of 14 brokers have issued a report on the stock. The consensus target price is $90.82 with 5 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 firms rating the stock a sell.
About EQT Midstream Partners LP (NYSE:EQM)
EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company operates through two segments: Transmission and storage, which includes its Federal Energy Regulatory Commission (FERC)-regulated interstate pipeline and storage business, and Gathering, which includes high pressure gathering lines and the FERC-regulated low pressure gathering system. It provides midstream services to EQT Corporation (EQT) and multiple third parties across 20 counties in Pennsylvania and West Virginia through its approximately two assets, such as 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. The Company provides transmission and storage services in over two manners, such as firm service and interruptible service.
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