EQM Midstream Partners LP (NYSE:EQM) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 6,230,000 shares, an increase of 8.9% from the December 15th total of 5,720,000 shares. Currently, 7.6% of the shares of the stock are sold short. Based on an average trading volume of 1,010,000 shares, the short-interest ratio is currently 6.2 days.
EQM traded up $0.12 during mid-day trading on Thursday, reaching $30.27. The stock had a trading volume of 12,734 shares, compared to its average volume of 969,205. The stock has a market capitalization of $6.18 billion, a P/E ratio of 5.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.64 and a current ratio of 0.64. The firm’s fifty day simple moving average is $26.63 and its two-hundred day simple moving average is $31.56. EQM Midstream Partners has a 52 week low of $21.43 and a 52 week high of $47.66.
EQM Midstream Partners (NYSE:EQM) last announced its quarterly earnings data on Tuesday, November 5th. The pipeline company reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.24. The firm had revenue of $408.40 million for the quarter, compared to analyst estimates of $408.98 million. EQM Midstream Partners had a return on equity of 18.34% and a net margin of 18.00%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $1.14 EPS. As a group, analysts expect that EQM Midstream Partners will post 3.26 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC increased its stake in EQM Midstream Partners by 26.4% during the 1st quarter. FMR LLC now owns 78,033 shares of the pipeline company’s stock worth $3,603,000 after acquiring an additional 16,299 shares during the period. Northern Trust Corp boosted its holdings in shares of EQM Midstream Partners by 65.4% during the 2nd quarter. Northern Trust Corp now owns 94,111 shares of the pipeline company’s stock valued at $4,205,000 after acquiring an additional 37,205 shares in the last quarter. United Capital Financial Advisers LLC acquired a new stake in shares of EQM Midstream Partners during the 2nd quarter valued at $310,000. BlackRock Inc. boosted its holdings in shares of EQM Midstream Partners by 1.2% during the 2nd quarter. BlackRock Inc. now owns 448,671 shares of the pipeline company’s stock valued at $20,047,000 after acquiring an additional 5,260 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its holdings in shares of EQM Midstream Partners by 37.1% during the 2nd quarter. Cohen & Steers Inc. now owns 328,683 shares of the pipeline company’s stock valued at $14,686,000 after acquiring an additional 88,920 shares in the last quarter. Hedge funds and other institutional investors own 37.02% of the company’s stock.
About EQM Midstream Partners
EQM Midstream Partners, LP owns, operates, acquires, and develops midstream assets in the Appalachian Basin. It operates through three segments: Gathering, Transmission, and Water. As of December 31, 2018, the company owned approximately 700 miles of high-pressure gathering lines and 1,500 miles of Federal Energy Regulatory Commission (FERC) regulated low-pressure gathering lines; approximately 950 miles of FERC regulated interstate pipelines; and approximately 160 miles of pipelines.
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