Equitrans Midstream (ETRN) Receives Consensus Rating of “Hold” from Analysts

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Shares of Equitrans Midstream (NASDAQ:ETRN) have been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $24.40.

Several research firms recently commented on ETRN. Jefferies Financial Group began coverage on Equitrans Midstream in a research note on Friday, November 9th. They issued a “buy” rating for the company. US Capital Advisors began coverage on Equitrans Midstream in a research note on Wednesday, November 14th. They issued an “overweight” rating for the company. Zacks Investment Research lowered Equitrans Midstream from a “hold” rating to a “sell” rating in a research note on Thursday, February 14th. Credit Suisse Group began coverage on Equitrans Midstream in a research note on Friday, December 14th. They issued a “neutral” rating and a $25.00 target price for the company. Finally, LADENBURG THALM/SH SH began coverage on Equitrans Midstream in a research note on Monday, November 19th. They issued a “buy” rating and a $26.00 target price for the company.

Equitrans Midstream stock opened at $19.96 on Wednesday. Equitrans Midstream has a 52 week low of $18.25 and a 52 week high of $23.47.

Equitrans Midstream (NASDAQ:ETRN) last released its earnings results on Thursday, February 14th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.28. The business had revenue of $384.79 million during the quarter, compared to analyst estimates of $380.20 million.

The firm also recently announced a special dividend, which will be paid on Wednesday, February 27th. Investors of record on Friday, February 15th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, February 14th.

A number of large investors have recently made changes to their positions in ETRN. BlackRock Inc. acquired a new stake in Equitrans Midstream during the fourth quarter worth about $393,060,000. D. E. Shaw & Co. Inc. acquired a new stake in Equitrans Midstream during the fourth quarter worth about $209,974,000. Iridian Asset Management LLC CT acquired a new stake in Equitrans Midstream during the fourth quarter worth about $119,657,000. Tortoise Capital Advisors L.L.C. acquired a new stake in Equitrans Midstream during the fourth quarter worth about $111,394,000. Finally, Energy Income Partners LLC acquired a new stake in Equitrans Midstream during the fourth quarter worth about $102,908,000.

Equitrans Midstream Company Profile

Equitrans Midstream Corp. is a wholly-owned subsidiary of EQT. It doesn’t have business operations. The company was founded on February 21, 2018 and is headquartered in Canonsburg, PA.

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Analyst Recommendations for Equitrans Midstream (NASDAQ:ETRN)

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