EQT Midstream Partners LP (NYSE:EQM) stock price target bumped up to $82.00, released a research note earlier today by Zacks Investment Research
- Updated: November 30, 2016
Yesterday EQT Midstream Partners LP (NYSE:EQM) traded 1.58% higher at $72.09. The company’s 50-day moving average is $74.43 and its 200-day moving average is $76.39. The last stock close price is down -4.14% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 319,592 shares of the stock were exchanged, up from an average trading volume of 266,839
Zacks Investment Research raised the target price of EQT Midstream Partners LP (NYSE:EQM) to $82.00 indicating a possible upside of 0.14%.
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EQT Midstream Partners LP has a 52 week low of $56.52 and a 52 week high of $80.63 with a PE ratio of 14.24 EQT Midstream Partners LP’s market capitalization is currently $0.
Also covering EQT Midstream Partners LP's price target, a total of 14 brokerages have issued a ratings update on EQT Midstream Partners LP. The 12-month target is $90.82 with five equity analysts rating the company a strong buy, eight analysts rating the company a buy, one firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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