Technical Perspective The technical analysis of EQT Midstream Partners, LP Comm visibly illustrates that the 50-day MA of EQT Midstream Partners, LP Comm is $77.34, and stock is trading -0.79 or -1.02% distant from $77.34. The brokerage now has a $30.00 price objective on the stock. The stock’s market cap is $1.50 billion. Value stocks investors try to find stocks that are supposed to be trading at a lower price compared to firm’s fundamentals.
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Other hedge funds have recently modified their holdings of the company. Credit Suisse Group AG’s price objective indicates a potential upside of 33.04% from the stock’s current price. This is an increase from Magellan Midstream Partners L.P.’s previous quarterly dividend of $0.70. They now own 27.34 million shares or 15.17% less from 32.23 million shares in 2015Q4. The investment management company now holds a total of 44,446 shares of Magellan Midstream Partners L.P. which is valued at $3,109,442 after selling 1,670 shares in Magellan Midstream Partners L.P., the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Magellan Midstream Partners L.P. makes up approximately 0.60% of Investors Capital Advisory Services’s portfolio. Evergreen Capital Management Llc owns 599,880 shares or 2.34% of their U.S. portfolio. DA Davidson analyst P. Fratt now anticipates that the brokerage will post earnings of $0.81 per share for the quarter, down from their prior forecast of $0.87.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th.
Cone Midstream Partners LP (NYSE:CNNX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.
Magellan Midstream Partners L.P. (Magellan) is engaged in the transportation storage and distribution of refined petroleum products and crude oil. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The ex-dividend date of this dividend is Thursday, July 28th.
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According to Zacks, “CONE Midstream Partners LP owns, operates, develops and acquires natural gas gathering and other midstream energy assets”. On this innovative rating platform, a rating of one is stated as an analyst recommendation to invest in the stock. The company now has a consensus rating of “Hold” and an average price target of $24.06. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.68%. The Company’s segments include the Marcellus Shale, which is served by Mountaineer Midstream; the Williston Basin, which is served by Bison Midstream; the Barnett Shale, which is served by DFW Midstream; the Piceance Basin, which is served by Grand River, and Corporate.
