EQT Midstream Partners, LP (NYSE:EQM) PEG Ratio At 6.8900


Market experts price target for EQT Midstream Partners, LP (NYSE:EQM) stock is $91.3200. First Call has projected EPS at $1.3700 for next quarter and $5.2200 for this year.

Technical View

The review of EQT Midstream Partners, LP Comm shows that the 50-day MA of EQT Midstream Partners, LP (NYSE:EQM) stock is $74.5743, and is trading $-1.6714 points away or -2.2413% from 50-day MA of $74.5743. It is trading $-3.5070 or -4.5897% off 200-day MA of $76.4099. MA should be taken for moving average.

EQT Midstream Partners, LP (NYSE:EQM) 52-week high was $80.6300 while $56.5200 is the low hit during same period. EQT Midstream Partners, LP Comm shares gain over $-7.7271 will lead 52-week high or if it plummets +28.9860%, it will smash new low of 52-weeks.

Technical reading is a trading arrangement used to assess securities and work to estimate their movement by analysing statistics collected from diverse trading activity, which may comprise, volume and price study. Unlike fundamental specialists who weighs security’s intrinsic value, technical analysts’ emphasis remains on prices logged on charts. They follow securities movement and predict future prices.

Technical analysts study past trading behavior and price fluctuations of an equity for the assessment process over the intrinsic value. The basis of recommendations is purely chart study, and not fundamental analysis. Study on technical factors was launched following the Dow Theory and its concepts.

EQT Midstream Partners, LP (NYSE:EQM) P/E ratio is 14.1752 while PEG ratio is at 6.8900. EQT Midstream Partners, LP Comm stock recorded a close of $72.9029 in last trading session, which gets it market cap to $5.87B.

Price-earning (P/E) ratio is used by fundamental analysts while making investment calls. These calls can be referred by many investors. It is a ratio between the earnings per share and market price. The ratio shows the market price of a stock vis-a-vis its earnings.

As per one perspective, investors look for the stocks with a lower P/E ratio as there are probabilities of higher appreciation.

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