Deutsche Bank Starts EQT Midstream Partners, LP (EQM) at Hold; Marcellus Play With Growth in EQT
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Price: $50.82 +0.49%
Rating Summary:
7 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
7 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade EQM Now!
Deutsche Bank initiates coverage on EQT Midstream Partners, LP (NYSE: EQM) with a Hold. PT $27.00.
Deutsche analyst said, "EQM owns high growth midstream assets in the Marcellus Shale and has the potential for significant growth related to its parent company, EQT Corp (NYSE: EQT), which owns 57.4% of its LP shares. The substantial drop-down opportunities from EQT as well as EQM’s organic value-enhancing projects support a double digit distribution growth rate for the next several years. EQM has risen 22% since its IPO on July 2, 2012 and now shows a distribution yield of 5.5%. While we are convinced of EQM’s asset quality and growth potential, we regard the upside since the IPO as creating a valuation that warrants a Hold rating currently."
For an analyst ratings summary and ratings history on EQT Midstream Partners, LP click here. For more ratings news on EQT Midstream Partners, LP click here.
Shares of EQT Midstream Partners, LP closed at $25.65 yesterday, with a 52 week range of $22.58-$25.65.
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Deutsche analyst said, "EQM owns high growth midstream assets in the Marcellus Shale and has the potential for significant growth related to its parent company, EQT Corp (NYSE: EQT), which owns 57.4% of its LP shares. The substantial drop-down opportunities from EQT as well as EQM’s organic value-enhancing projects support a double digit distribution growth rate for the next several years. EQM has risen 22% since its IPO on July 2, 2012 and now shows a distribution yield of 5.5%. While we are convinced of EQM’s asset quality and growth potential, we regard the upside since the IPO as creating a valuation that warrants a Hold rating currently."
For an analyst ratings summary and ratings history on EQT Midstream Partners, LP click here. For more ratings news on EQT Midstream Partners, LP click here.
Shares of EQT Midstream Partners, LP closed at $25.65 yesterday, with a 52 week range of $22.58-$25.65.
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