The ascending path could continue in the midterm and create a breakout through the USD 82 resistance.
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.
EQT Midstream Partners LP is a United States-based company, which operates as a growth-oriented limited partnership that operates, acquires, and develops midstream assets in the Appalachian Basin. The Company is the natural gas gatherer in the United States and holds the transmission footprint in the Appalachian Basin. The Company provides midstream services to its customers in Pennsylvania, West Virginia, and Ohio through its three primary assets: the gathering system, which delivers natural gas from wells and other receipt points to transmission pipelines; the transmission and storage system, which delivers natural gas to local demand users and long-haul interstate pipelines for access to demand markets; and the water service system, which consists of water pipelines, impoundment facilities, pumping stations, take point facilities, and measurement facilities that support well completion activities and collect flowback and produced water for recycling or disposal.