Heavy Early Morning Activity On EQT Midstream Partners (EQM)
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified EQT Midstream Partners as such a stock due to the following factors:
- EQM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $22.4 million.
- EQM traded 71,522 shares today in the pre-market hours as of 7:43 AM, representing 24.1% of its average daily volume.
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More details on EQM:
EQT Midstream Partners, LP provides natural gas transmission, storage, and gathering services in southwestern Pennsylvania and northern West Virginia. It owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The stock currently has a dividend yield of 2.9%. EQM has a PE ratio of 22.6. Currently there are 7 analysts that rate EQT Midstream Partners a buy, no analysts rate it a sell, and 2 rate it a hold.
The average volume for EQT Midstream Partners has been 235,800 shares per day over the past 30 days. EQT Midstream has a market cap of $3.5 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.67 and a short float of 3.8% with 4.99 days to cover. Shares are down 8.6% year-to-date as of the close of trading on Tuesday.
Analysis:
rates EQT Midstream Partners as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
Highlights from the ratings report include:
- The revenue growth greatly exceeded the industry average of 19.8%. Since the same quarter one year prior, revenues rose by 38.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
- EQT MIDSTREAM PARTNERS LP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, EQT MIDSTREAM PARTNERS LP increased its bottom line by earning $3.46 versus $2.49 in the prior year. This year, the market expects an improvement in earnings ($4.31 versus $3.46).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 60.0% when compared to the same quarter one year prior, rising from $46.66 million to $74.66 million.
- Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. When compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, EQT MIDSTREAM PARTNERS LP's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
- The gross profit margin for EQT MIDSTREAM PARTNERS LP is currently very high, coming in at 83.57%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 66.57% significantly outperformed against the industry average.
- You can view the full EQT Midstream Partners Ratings Report.
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