Today's Pre-Market Mover With Heavy Volume: EQT Midstream Partners (EQM)
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 $24.0 million.
- EQM traded 35,300 shares today in the pre-market hours as of 8:42 AM, representing 10.6% 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 3.5%. EQM has a PE ratio of 17. Currently there are 8 analysts that rate EQT Midstream Partners a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for EQT Midstream Partners has been 340,900 shares per day over the past 30 days. EQT Midstream has a market cap of $5.5 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.12 and a short float of 4.5% with 5.31 days to cover. Shares are down 13.1% year-to-date as of the close of trading on Friday.
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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, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Highlights from the ratings report include:
- EQM's very impressive revenue growth greatly exceeded the industry average of 37.2%. Since the same quarter one year prior, revenues leaped by 55.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
- EQT MIDSTREAM PARTNERS LP has improved earnings per share by 31.8% 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 $3.47 versus $2.49 in the prior year. This year, the market expects an improvement in earnings ($4.57 versus $3.47).
- 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 66.5% when compared to the same quarter one year prior, rising from $56.53 million to $94.12 million.
- The gross profit margin for EQT MIDSTREAM PARTNERS LP is currently very high, coming in at 78.05%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 63.25% significantly outperformed against the industry average.
- Net operating cash flow has increased to $80.76 million or 24.58% when compared to the same quarter last year. In addition, EQT MIDSTREAM PARTNERS LP has also vastly surpassed the industry average cash flow growth rate of -27.14%.
- You can view the full EQT Midstream Partners Ratings Report.
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