Stock To Watch: EQT Midstream Partners, LP (NYSE:EQM)


The leading market experts have placed a mean price target of $92.54 on EQT Midstream Partners, LP (NYSE:EQM) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.15 a share for the upcoming quarter and $4.87 for the current fiscal. Technical View The technical analysis of EQT Midstream Partners, LP Comm plainly substantiates that the 50-day moving average of EQT Midstream Partners, LP Comm is $75.94, and stock is hovering -0.62 or -0.81% distant from $75.94. It is noted that the 200-day MA is $71.88, and EQT Midstream Partners, LP Comm stock is $3.44 or +4.78% off from this point. EQT Midstream Partners, LP (NYSE:EQM) 52-week high is $85.03 and the 52-week low is $56.52. This explains if the stock moves $-9.71, it will post a 52-week high. In event of $+33.26% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of EQT Midstream Partners, LP Comm, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, EQT Midstream Partners, LP (NYSE:EQM) ratio came in at 15.30. The stock last ended the trading session at $75.32 and registered a market cap of $5.85B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. EQT Midstream Partners, LP (NYSE:EQM) PEG ratio is at -5.09.

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