Why EQT Midstream Partners, LP (NYSE:EQM) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $93.11 on EQT Midstream Partners, LP (NYSE:EQM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.11 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of EQT Midstream Partners, LP (NYSE:EQM) stands at 15.67.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For EQT Midstream Partners, LP Comm, the PEG ratio for coming 3-5 years is -6.54.

Technical Analysis

The technical analysis highlights that EQT Midstream Partners, LP Comm current is trading $1.57 points away or +2.02% from its 50-day moving average of $77.66. Further it is trading $4.69 or +6.29% away its 200-day moving average of $74.54.

The 52-week high of EQT Midstream Partners, LP (NYSE:EQM) was $81.35 while lowest point recorded in 52-week was $56.52. It implies if stock price makes a movement of over $-2.12, it will record a new 52-week high. In the case of +40.18% drop, it will touch a new 52-week low.

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