In a report issued on March 6, Christopher Tillett from Barclays maintained a Hold rating on EQT Midstream (EQM), with a price target of $44. The company’s shares closed on Friday at $40.67, close to its 52-week low of $38.24.
Currently, the analyst consensus on EQT Midstream is a Hold with an average price target of $52, which is a 27.9% upside from current levels. In a report issued on March 1, RBC Capital also maintained a Hold rating on the stock with a $45 price target.
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Based on EQT Midstream’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $108 million. In comparison, last year the company had a net profit of $103 million.
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EQM Midstream Partners LP engages in the ownership, operation, acquisition, and development of midstream assets in the Appalachian Basin. It operates through the following segments: Gathering, Transmission and Water. The company was founded on January 18, 2012 and is headquartered in Pittsburgh, PA.
