Back to top

Image: Bigstock

Why EQT Midstream (EQM) Stock Might be a Great Pick

Read MoreHide Full Article

One stock that might be an intriguing choice for investors right now is EQT Midstream Partners, LP (EQM - Free Report) . This is because this security in the Oil – Production/Pipeline space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Oil – Production/Pipeline space as it currently has a Zacks Industry Rank of 61 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, EQT Midstream Partners is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

In fact, over the past month, current quarter estimates have risen from $1.21 per share to $1.25 per share, while current year estimates have risen from $5.16 per share to $5.36 per share. This has helped EQM to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

EQT MIDSTRM PTR Price and Consensus

EQT MIDSTRM PTR Price and Consensus | EQT MIDSTRM PTR Quote

So, if you are looking for a decent pick in a strong industry, consider EQT Midstream Partners. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Confidential from Zacks

Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

EQT Midstream Partners, LP (EQM) - free report >>

Published in