EQM Midstream Partners, LP : Still a great upward potential
By Rosanna Santana
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$81.7 | $93.2 | $78.8 | +14.08% |
According to financial statements the company progress from year to year. Sales for 2014 are anticipated to improve by more than 60%. Its EBITDA margin may come up to 70% from 60% in 2013.From a fundamental viewpoint, the company is strong. For those looking to make a return buying the stock, the company currently pays shareholders $1.55 per share in dividends and will pay $2.13 per share in 2014, yielding 2.66%. EQT has an attractive EV/Revenue ratio at 16.9x, the Thomson Reuters consensus remains buyer on the company and upward revisions have been made during the last twelve months.
Technically, the security trades within a long term bullish trend. The frequently approach to the 20-day moving average have been supporting the rally. This positive path seem far to be ended and the breakout of the USD 82 level shouldn't be a real obstacle for prices appreciation.
Thanks to good indicators, it seems suitable to take a long position in EQT Midstream Partners over USD 82.1. The target price will be set at USD 93.25, however, a stop loss could be triggered under the USD 79.9 level.