.jpg "EQT Midstream (NYSE: EQM)")
Today, a Director at EQT Midstream (NYSE: EQM), Michael Bryson, bought shares of EQM for $55.53K.
This recent transaction increases Michael Bryson’s holding in the company by 31.5% to a total of $232.6K.
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Based on EQT Midstream’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $233 million and quarterly net profit of $130 million. In comparison, last year the company earned revenue of $203 million and had a net profit of $110 million. EQM’s market cap is $4.49B and the company has a P/E ratio of 10.24. Currently, EQT Midstream has an average volume of 591.2K.
15 different firms, including Barclays and Merrill Lynch, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $72.67, reflecting a -23.2% downside. Starting in February 2018, EQM received 4 Buy ratings in a row.
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EQT Midstream Partners LP engages in the ownership, operation, acquisition, and development of midstream assets in the Appalachian Basin. It operates through the Transmission and Gathering segments.
