Analysts Offer Insights on Materials Companies: EQT Midstream (NYSE: EQM) and Evolution Petroleum Corp (NYSE MKT: EPM)

By Jason Carr

Analysts fell to the sidelines weighing in on EQT Midstream (NYSE: EQM) and Evolution Petroleum Corp (NYSE MKT: EPM) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

EQT Midstream (NYSE: EQM)

Stifel Nicolaus analyst Brian Brungardt reiterated a Hold rating on EQT Midstream (NYSE: EQM) on June 19 and set a price target of $79. The company’s shares closed yesterday at $73.74.

According to TipRanks.com, Brungardt is ranked 0 out of 5 stars with an average return of -7.2% and a 31.5% success rate. Brungardt covers the Basic Materials sector, focusing on stocks such as Vanguard Natural Resources LLC, Antero Midstream Partners, and EnLink Midstream Partners.

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

Evolution Petroleum Corp (NYSE MKT: EPM)

Northland Securities analyst Jeff Grampp reiterated a Hold rating on Evolution Petroleum Corp (NYSE MKT: EPM) on June 19 and set a price target of $8. The company’s shares closed yesterday at $7.75.

According to TipRanks.com, Grampp is ranked 0 out of 5 stars with an average return of -19.3% and a 23.1% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Penn Virginia Corporation, and American Eagle Energy.

Evolution Petroleum Corp has an analyst consensus of Moderate Buy, with a price target consensus of $10.25.

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