Equitrans Midstream (ETRN) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Equitrans Midstream in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ETRN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ETRN, but not buy additional shares or sell existing shares.
View ETRN analyst ratings or view top-rated stocks.

9 brokerages have issued 1 year price objectives for Equitrans Midstream's stock. Their ETRN share price forecasts range from $6.00 to $14.00. On average, they predict the company's share price to reach $9.69 in the next year. This suggests a possible upside of 3.5% from the stock's current price.
View analysts price targets for ETRN or view top-rated stocks among Wall Street analysts.

Equitrans Midstream's stock was trading at $6.70 on January 1st, 2023. Since then, ETRN shares have increased by 39.9% and is now trading at $9.37.
View the best growth stocks for 2023 here.

Equitrans Midstream saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 13,730,000 shares, a drop of 7.5% from the August 15th total of 14,840,000 shares. Based on an average daily volume of 5,580,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 3.2% of the company's shares are sold short.
View Equitrans Midstream's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our ETRN earnings forecast.

Equitrans Midstream Co. (NYSE:ETRN) released its quarterly earnings data on Tuesday, August, 1st. The company reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. The business had revenue of $318.50 million for the quarter, compared to the consensus estimate of $311.21 million. Equitrans Midstream had a negative net margin of 18.60% and a positive trailing twelve-month return on equity of 20.49%. Equitrans Midstream's revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 earnings per share.

Equitrans Midstream announced a quarterly dividend on Wednesday, July 26th. Stockholders of record on Friday, August 4th will be paid a dividend of $0.15 per share on Monday, August 14th. This represents a $0.60 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend is Thursday, August 3rd.
Read our dividend analysis for ETRN.

ETFs with the largest weight of Equitrans Midstream (NYSE:ETRN) stock in their portfolio include Alerian Energy Infrastructure ETF (ENFR), Global X MLP & Energy Infrastructure ETF (MLPX), USCF Midstream Energy Income Fund (UMI), VanEck Energy Income ETF (EINC), Pacer American Energy Independence ETF (USAI), Invesco Dorsey Wright Energy Momentum ETF (PXI), RiverFront Dynamic US Dividend Advantage ETF (RFDA) and VanEck Morningstar SMID Moat ETF (SMOT).

Equitrans Midstream (NYSE:ETRN) pays an annual dividend of $0.60 per share and currently has a dividend yield of 6.25%. ETRN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for ETRN.

Equitrans Midstream trades on the New York Stock Exchange (NYSE) under the ticker symbol "ETRN."

Shares of ETRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ETRN stock can currently be purchased for approximately $9.37.

Equitrans Midstream (NYSE:ETRN) has a market capitalization of $4.06 billion and generates $1.38 billion in revenue each year. The company earns $-269,340,000.00 in net income (profit) each year or ($0.73) on an earnings per share basis.

The company employs 766 workers across the globe.

Equitrans Midstream's mailing address is 2200 ENERGY DRIVE, CANONSBURG PA, 15317. The official website for the company is www.equitransmidstream.com. The company can be reached via phone at (724) 271-7600 or via email at ntetlow@equitransmidstream.com.