EQT Midstream Gets a Buy Rating from RBC Capital

By Ryan Adsit

In a report released today, Elvira Scotto from RBC Capital reiterated a Buy rating on EQT Midstream (NYSE: EQM), with a price target of $107. The company’s shares closed yesterday at $72.59.

According to TipRanks.com, Scotto is a top 100 analyst with an average return of 19.5% and a 64.9% success rate. Scotto covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Energy Transfer Partners LP, and Sanchez Production Partners.

EQT Midstream has an analyst consensus of Moderate Buy, with a price target consensus of $93.33.

EQT Midstream’s market cap is currently $5.64B and has a P/E ratio of 14.04. The company has a book value ratio of 2.8517.

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock.

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EQT Midstream Partners LP engages in the ownership, operation, acquisition, and development midstream assets. It operates through the Transmission and Gathering segments. The Transmission segment handles approximately 900-mile Federal Energy Regulatory Commission (FERC)-regulated interstate pipeline that connects to interstate pipelines and multiple distribution companies. The Gathering System segment includes approximately 300 miles of high pressure gathering lines with approximately 1.8 Bcf per day of total firm gathering capacity and multiple interconnect points with the firm’s transmission and storage system. The company was founded on January 18, 2012 and is headquartered in Pittsburgh, PA.