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Is this Large Market Cap Stock target price reasonable for EQT Midstream Partners, LP (NYSE:EQM)?

The company in question is, EQT Midstream Partners, LP (NYSE:EQM) currently with a stock price of 76.65 (-0.70% today). The market cap for EQT Midstream Partners, LP is 6317.23, and is in the sector Basic Materials, and Oil & Gas Pipelines industry. The target price for EQT Midstream Partners, LP is 92.04. Currently EQT Midstream Partners, LP is trading with a P/E of 15.38, and a forward P/E of 14.86. Average volume for EQT Midstream Partners, LP is 245.05 and so far today it is 119753.

Performance in the last year for EQT Midstream Partners, LP has been 3.95%. For EPS growth, EQT Midstream Partners, LP has seen a growth of -30.00%, and is looking to grow in the next year to 2.73%. More long term stats show that EPS growth has been 33.50% over the last five years and could be -2.34% for the next five years. EQT Midstream Partners, LP has seen sales growth quarter over quarter at 18.90%, with EPS growth quarter over quarter at 13.60%. The 20-day simple moving average is -1.16%, with the 200-day simple moving average coming to 3.94%.

Since the IPO date for EQT Midstream Partners, LP on the 6/27/2012, EQT Midstream Partners, LP has seen performance year to date to be 5.49%. With EQT Midstream Partners, LP trading at 76.65, the dividend yield is 4.04%, and the EPS is 5.02.

So could EQT Midstream Partners, LP, be undervalued? Well as said before P/E is 15.38. The PEG is *TBA, P/S is 9.47 and the P/B is at 3.18. The P/cash is 75.12, with P/free cash flow at *TBA.

EQT Midstream Partners, LP ability to deal with debt shows that the current ratio is 1.2, and the quick ratio is 1.2. This is with long term debt/equity at 0.36, and total debt/equity at 0.36.

In terms of margins, EQT Midstream Partners, LP has a gross margin of *TBA, an operating margin of 71.90% and a profit margin of 57.30%.Payout ratio for EQT Midstream Partners, LP is 55.30%. Return on assets come to 15.40% with return on investment coming to 16.80%.

Insider ownership for EQT Midstream Partners, LP, is at 31.06% and institutional ownership comes to 73.20%. Outstanding shares are at 81.84. While shares float is 63.08. The float short is currently 1.53%, and short ratio is 3.94.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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